HII‘s (NYSE: HII) mission technologies division has won a potential five-year, $347 million contract to produce and deliver up to 200 small unmanned undersea vehicles to the U.S. Navy. The company said Wednesday the Lionfish System is a two-person, man-portable vehicle with an open architecture based on its Remus 300 UUV design. The contract h...
HII’s (NYSE: HII) Newport News Shipbuilding business has promoted David Horne from senior director to vice president of trades. NNS split the trades and human resources and administration organization into two and named Horne to lead the former and Xavier Beale to continue serving as VP of HR and administration, HII said Monday. Horne is...
Terri Walker-Spoonhour, former chief operating officer of HII‘s (NYSE: HII) technical solutions division, has been named senior vice president of integration and operations at Eqlipse Technologies, a portfolio company of private equity firm Arlington Capital Partners. She will be responsible for spearheading current and future acquisitions thr...
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 ...
HII (NYSE: HII) has won a seven-year, $78.7 million contract to provide independent advice and assessment support for the Missile Defense Agency’s initiative to develop an integrated and layered system for intercepting adversary missiles. The Department of Defense named Alion Science and Technology the awardee of the competitive cost-plus-fixe...
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...
