The U.S. Navy awarded $14.6 billion in two multiyear contracts with General Dynamics‘ (NYSE: GD) Bath Iron Works business and HII‘s (NYSE: HII) Ingalls Shipbuilding division for the construction of Flight III Arleigh Burke-class destroyers. General Dynamics will build three DDG 51 ships while HII will construct seven destroyers under the...

HII’s (NYSE: HII) Ingalls Shipbuilding division has secured a $154.8 million contract modification from the U.S. Navy to modernize the USS Zumwalt (DDG 1000) guided-missile destroyer. USS Zumwalt will integrate the Conventional Prompt Strike weapon system and undergo other technology upgrades under the contract modification, HII said Tuesday. The ...

A new McAleese & Associates report shows that defense prime contractors posted a 7 percent to 9 percent rise in sales during the second quarter of 2022 and record-high backlogs as the Department of Defense accelerates contract awards. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the...

An HII (NYSE: HII) division will help the U.S. Air Force manage its bombers portfolio under a five-year, $138 million task order. HII Mission Technologies will provide advisory and assistance services to the U.S. Air Force Life Cycle Management Center’s directorate responsible for modernizing and sustaining bomber systems, the company said Mon...

Ahmed Ayad, former vice president and defense sector growth lead at ManTech, has joined HII‘s (NYSE: HII) Mission Technologies division as chief growth officer. The 20-year government market veteran will drive growth strategy implementation and innovation efforts to support national security customers, HII said Friday. He spent the past four y...

The U.S. Navy has exercised an option under a five-year shipbuilding deal with HII (NYSE: HII) to procure an Arleigh Burke-class guided missile destroyer in fiscal year 2023. HII will provide DDG 51 construction, engineering change proposals, design budgeting and post-delivery services to the service branch, the Department of Defense said Friday. Th...

HII (NYSE: HII) saw its second-quarter revenue for fiscal year 2023 climb 4.7 percent to $2.8 billion and reported net earnings of $130 million and diluted earnings per share of $3.27 for the quarter. The military shipbuilding company said Thursday Q2 new contract awards reached about $2.6 billion and that it ended the quarter with...

HII’s (NYSE: HII) Mission Technologies division will provide emerging intelligence, surveillance and reconnaissance technologies for the National Security Innovation Network and its mission partners under a potential five-year, $1.4 billion task order awarded under the General Services Administration’s ASTRO contract vehicle. The Joint Network E...

HII’s (NYSE: HII) Ingalls Shipbuilding division and General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary have received multiyear procurement contracts from the U.S. Navy to build nine DDG 51 Arleigh Burke-class guided-missile destroyers in Flight III configuration. Naval Sea Systems Command said Tuesday the fixed-price-incentive firm target a...

Dennis Carr, former executive vice president and chief operating officer of Savannah River Nuclear Solutions, has assumed the president and CEO roles at the Fluor-led (NYSE: FLR) management and operating contractor for the Department of Energy’s Savannah River Site in South Carolina, Defense Daily reported Tuesday. He succeeds Stuart MacVean, ...