Search Results for: Ingalls Shipbuilding

Huntington Ingalls Awarded $687M Navy Contract to Help Modernize, Maintain Gerald R. Ford Carrier

Huntington Ingalls Industries (NYSE: HII) has secured a potential five-year, $687.1M contract to help modernize the lead ship of the U.S. Navy's Ford class as part of early service life support work. HII's Newport News Shipbuilding division will support continuous and planned incremental availabilities, shock trials and continuous and emergent maintenance of USS Gerald R. Ford, the Department of Defense said Wednesday.

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Huntington Ingalls Awarded $932M Contract for Navy LCS Planning Yard Services

Huntington Ingalls Industries (NYSE: HII) has won a potential six-year, $931.7M contract from the U.S. Navy to provide planning yard services for in-service Littoral Combat Ships. HII said Wednesday its Ingalls Shipbuilding division will support the vessels’ post-delivery life cycle support and manage all maintenance and associated availability schedules. Ingalls …

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Huntington Ingalls to Design, Build Navy’s Flight II Landing Platform Dock Under Potential $1.5B Contract

The U.S. Navy has awarded Huntington Ingalls Industries (NYSE: HII) a potential $1.47B contract to build the first landing platform dock under the LPD-17 Flight II program. HII said Tuesday its Ingalls Shipbuilding division will perform detail design and construction of LPD 30, which will serve as the 14th vessel of …

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Huntington Ingalls Names New GM for San Diego Shipyard; Andy Green Quoted

TYSONS CORNER, VA, March 11, 2019 — Huntington Ingalls Industries (NYSE: HII) appointed shipbuilding industry veteran Carlos Aguayo earlier this month to serve as general manager of its San Diego shipyard, ExecutiveBiz reported Tuesday. Aguayo, who succeeded the recently retired Daniel Flood, is now in charge of strategy development, quality, …

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McAleese & Associates: Investors Expect HII to Hit 10% Shipbuilding Margins in 2019

A new report by consulting firm McAleese & Associates says investors expect Huntington Ingalls Industries (NYSE: HII) to return to 10 percent shipbuilding operating margins in 2019. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report the figure could be driven by five ship deliveries this …

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HII Shipbuilding Division Secures $15B Contract to Build Two Navy Aircraft Carriers

Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division will design and build two Gerald R. Ford-class aircraft carriers for the U.S Navy under a $15.2B contract modification. The company said Thursday it will construct the future Enterprise vessel, designated CVN 80, and the yet-to-be-named CVN 81 ship. Jennifer Boykin, president of Newport Shipbuilding, said …

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Retired Vice Adm. Joseph Tofalo Named Huntington Ingalls Program Integration, Assessment VP

Joseph Tofalo, a retired U.S. Navy vice admiral, has been appointed vice president of program integration and assessment at Huntington Ingalls Industries (NYSE: HII). HII said Monday Tofalo succeeds Jay Donnelly, who will transition to a new role as corporate VP of advanced technologies, and will work with government, academic and industry organizations that aim …

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Huntington Ingalls Awarded $228M USS Enterprise Material Procurement Funds

Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division has received a $228.8M contract modification to obtain additional materials necessary to build a third Gerald R. Ford-class aircraft carrier for the U.S. Navy. The modification expands the scope of a previously awarded contract for USS Enterprise (CVN 80) long lead-time items, the Department …

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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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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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