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Search Results for: HII

Huntington Ingalls Wins $2B to Refuel Navy Carrier Reactors; Chris Miner Comments

Huntington Ingalls Industries (NYSE: HII) has won a potential $2.6 billion contract to refuel reactors and upgrade compartments and systems for a U.S. Navy nuclear-powered aircraft carrier. The USS Abraham Lincoln arrived at the company’s Newport News, Va. shipyard Thursday and the company expects to start refueling and complex overhaul work immediately, …

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Huntington Ingalls Wins $407M For Navy Carrier Materials

Huntington Ingalls Industries (NYSE: HII) has won a $407 million contract modification to acquire materials for a new U.S. Navy aircraft carrier. The award also moves forward construction activity and modifies a contract that has been in place since 2009 to build the new USS John F. Kennedy, the Defense …

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Huntington Ingalls Wins $143M for Nuclear Submarine Support

Huntington Ingalls will take in up to $142, 719, 375 from the U.S. Navy to support American nuclear submarines on a modification to a previously awarded contract. The Defense Department announced the award on Oct. 25 and expects the contractor to complete related work in Newport News, Va. by September …

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CSC to Provide IT Managed Services to Nuclear Ship Builder Huntington Ingalls

Computer Sciences Corp. (NYSE: CSC) has signed a five-year contract to provide IT infrastructure managed services to Ingalls Shipbuilding, a division of Huntington Ingalls Industries (NYSE: HII) Ingalls builds nuclear and non-nuclear ships for the U.S. Navy and U.S. Coast Guard. Ingalls said it will tap CSC to stand-up an independent IT …

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Huntington Ingalls Sails to Navy Win

According to the Department of Defense, “Huntington Ingalls (NYSE: HII) is being awarded a $8, 779, 436 modification under previously awarded contract (N00024-10-C-2102) for engineering, technical, design, configuration management, integrated logistics support, database management support of new construction and conversion/special mission submersibles, and submarine support facilities.  Work will be performed …

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Northrop Grumman’s Wes Bush Comments on ‘Very Productive’ Quarter

Northrop Grumman (NYSE: NOC) first quarter 2011 results earnings from continuing operations increase to $496 million, up from $410 million in the first quarter last year. First quarter 2011 sales totaled $6.7 billion compared with $6.9 billion in the prior year period. “This was a very productive quarter, ” CEO …

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Northrop Grumman Finalizes Huntington Spin-off; CEO Wes Bush Remarks

Northrop Grumman (NYSE: NOC) has finalized its planned spin-off of subsidiary Huntington Ingalls Industries, Inc. (NYSE: HII). According to the firm, “Northrop Grumman stockholders of record at the close of business of the New York Stock Exchange (NYSE) on March 30, 2011, received one share of HII common stock for …

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Northrop Grumman Approves Spin-off; CEO Wes Bush Comments

Northrop Grumman’s (NYSE: NOC) board of directors has approved the spin-off of its wholly-owned subsidiary, Huntington Ingalls Industries, to Northrop Grumman stockholders. According to the firm, the move is subject to final SEC clearance. “We have determined that a spin-off of our shipbuilding business will best serve our shareholders, customers …

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Northrop Grumman Still Seeking Shipbuilding Solution

Northrop Grumman (NYSE: NOC) released the following financial statement: The firm “will announce its fourth quarter 2010 and year-end financial results on Wednesday, Feb. 9, 2011.  The company’s conference call will be held at 10:30 a.m. ET the same day. “The conference call will be webcast live on Northrop Grumman’s …

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