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HII Shipbuilding Business Gets $931M in Contracts for 10th, 11th National Security Cutters

A Huntington Ingalls Industries (NYSE: HII) division has secured two contracts worth $930.9M combined to build the 10th and 11th National Security Cutters for the U.S. Coast Guard. HII’s Ingalls Shipbuilding business will develop NSC 10 under the $468.75M fixed-price-incentive contract and NSC 11 under the $462.13M contract, the company said Friday. “This …

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HII Launches Latest Virginia-Class Navy Sub Ahead of Testing, Crew Certification

TYSONS CORNER, VA, December 19, 2018 — Huntington Ingalls Industries (NYSE: HII) has rolled out a Virginia-class nuclear-powered submarine that it built with General Dynamics‘ (NYSE: GD) Electric Boat business, two months after the vessel’s christening as USS Delaware, ExecutiveBiz reported Tuesday. HII said Monday its Newport News Shipbuilding division launched …

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HII Acquires Cybersecurity Firm G2; Baird’s John Song Comments

Huntington Ingalls Industries (NYSE: HII) has purchased Annapolis Junction, Md.-based cybersecurity services provider G2 for an undisclosed amount in a move to grow its professional services business and portfolio of information assurance and cyber offerings. HII said Monday it will integrate G2 into its technical solutions division led by Andy Green. …

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McAleese & Associates: HII Optimistic on FY 2018-2019 Shipbuilding Funds in Bipartisan Budget Act

Consulting firm McAleese & Associates has issued a report saying Huntington Ingalls Industries (NYSE: HII) is “ecstatic” about the Bipartisan Budget Act’s shipbuilding funds for fiscal years 2018 and 2019. “[W]e are in a great spot because ships have been authorized and appropriated in the 2018-2019 window, which takes a lot …

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McAleese & Associates: HII Reports 10% Growth in Year-to-Date Sales

A report by consulting firm McAleese & Associates says Huntington Ingalls Industries (NYSE: HII) saw its revenue rise 12 percent to $2.1B in the third quarter of 2018 with a year-to-date sales increase of 10 percent. HII posted $290M in Q3 total corporate profit, reflecting a 20 percent increase from the same period last year …

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HII Names Triumph Group as Remote Valve Actuation Systems Supplier for Navy Carrier

TYSONS CORNER, VA, November 2, 2018 — Huntington Ingalls Industries (NYSE: HII) has tapped Triumph Group to support efforts to update the U.S. Navy‘s USS George Washington aircraft carrier as part of the former’s previously awarded $2.8B contract with the service branch, ExecutiveBiz reported Thursday. Triumph said Wednesday its integrated …

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HII Shipyard to Update, Maintain & Repair Navy’s USS O’Kane Destroyer

TYSONS CORNER, VA, October 30, 2018 — Huntington Ingalls Industries (NYSE: HII) will work to update a U.S. Navy Arleigh Burke-class destroyer under a potential $51.5M contract that runs through January 2020, ExecutiveBiz reported Monday. The Defense Department said Friday HII San Diego Shipyard will perform maintenance and repairs on USS O’Kane as part of the …

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GD Electric Boat, HII Newport News Hold Christening for 2 Navy Virginia-Class Subs

TYSONS CORNER, VA, October 22, 2018 — General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) each hosted the christening of two Virginia-class attack submarines slated for delivery to the U.S. Navy in 2019, ExecutiveBiz reported Friday. The Defense Department said Thursday the ceremony for the future USS Delaware was held at …

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HII Ingalls Shipbuilding Secures $97M USCG Contract for 11th National Security Cutter Components

The U.S. Coast Guard on Friday awarded Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division a $97M firm-fixed-price contract to procure materials for the 11th National Security Cutter. HII said Monday it will purchase long-lead items such as main propulsion systems, steel, generators, electrical switchboards and major castings for the Legend-class vessel …

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HII Technical Solutions Picked to Maintain Navy Coastal Riverine Forces Equipment

TYSONS CORNER, VA, September 28, 2018 — A Huntington Ingalls Industries (NYSE: HII) division will help maintain U.S. Navy expeditionary equipment in support of the military branch’s coastal riverine forces under a potential $34M contract, ExecutiveBiz reported Tuesday. The company said Monday its technical solutions unit’s fleet support group will provide engineering, technical, repair and …

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