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HII (NYSE: HII) has named Leo Denault, former CEO and current executive chair of energy company Entergy Corp., to the military shipbuilder’s board of directors. The four-decade industry veteran is known for leading Entergy’s transformation efforts to become one of the country’s clean power generation fleet operators, HII said Frida...
A new McAleese & Associates report shows defense prime contractors recorded a 3 percent increase in sales during the third quarter of 2022 and sector operating margin of 11 percent. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, offered an analysis of the Q3 financial performance of Lockheed Martin (NYSE: LMT...
Tom Gentile, president and CEO of Spirit AeroSystems, and Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, have been elected to serve as chairman and vice chairman, respectively, of the Aerospace Industries Association’s board of governors for 2023. Eric Fanning, a previous Wash100 awardee, will continu...
The board of directors at Battelle has appointed Kirkland “Kirk” Donald, a 37-year U.S. Navy veteran, to succeed John Welch as chairman. Welch, who has held the chairman role since 2012, will retire from the nonprofit applied science and technology development company after 21 years of service, Battelle said Tuesday. Donald has served as...
HII’s (NYSE: HII) mission technologies division will conduct technical research and analysis for the Air Force Research Laboratory under a $70 million task order. The award includes IT services such as data analytics, modeling and simulation and system engineering to support AFRL’s information technology modernization efforts involving artif...
Kathleen Hicks, deputy secretary of the Department of Defense and a 2022 Wash100 Award recipient, spoke with leaders of eight large primes to discuss strategic priorities for the Pentagon and business challenges facing the industry. DOD said Tuesday executives at BAE Systems, Boeing (NYSE: BA), General Dynamics (NYSE: GD), HII (NYSE: HII), L3Harris ...
HII (NYSE: HII) reported net earnings of $138 million, or $3.44 per diluted share, for the third quarter of its 2022 fiscal year and registered a 12.3 percent growth in sales year-over-year to $2.6 billion. The military shipbuilder said Thursday that its Newport News Shipbuilding business and sales generated through its acquisition of Alion Sc...
HII’s (NYSE: HII) Ingalls Shipbuilding division has received a potential $2.4 billion contract modification to design and build the amphibious assault ship LHA 9 for the U.S. Navy. The modification to a previously awarded contract in April 2020 includes options that would bring the contract’s total value to $3.2 billion if exercised, HII said Th...
Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Raytheon Technologies (NYSE: RTX) received the most money through Department of Defense contracts during the government’s 2021 fiscal year, according to data from the Pentagon’s Office of Local Defense Community Cooperation. The “Fiscal Year 2021 Defense Spending by State” report...
Continental Maritime of San Diego has secured a potential $204.5 million contract to help the U.S. Navy update, repair and maintain a pair of Arleigh Burke-class guided-missile destroyers. The shipyard operator will conduct depot modernization efforts associated with USS Chafee for fiscal year 2023 and USS Momsen for FY 2024 under the firm-fixed-pri...
