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...
HII‘s (NYSE: HII) Newport News Shipbuilding division will help the U.S. Navy maintain Nimitz- and Gerald R. Ford-class aircraft carriers under a potential five-year, $528.4 million contract. The indefinite-delivery/indefinite-quantity award will include repair and modernization of the nuclear-powered ships visiting or stationed in San Diego, H...
An HII (NYSE: HII) division has booked a $41 million task order to install and maintain integrated training systems for the U.S. Navy. HII Mission Technologies will support the Naval Surface Warfare Center Dahlgren Division Dam Neck Activity in hardware and software modernization, cybersecurity, system maintenance and integration, configuration mana...
Andy Green, executive vice president of HII and president of the company’s mission technologies division, recently accepted his 2023 Wash100 Award during a meeting with Executive Mosaic CEO Jim Garrettson. The Wash100 Award annually celebrates the most impactful executives in the government contracting industry. For 10 years, the aw...
HII‘s (NYSE: HII) mission technologies division will continue to help the National Geospatial-Intelligence Agency migrate enterprise information technology workloads to a multicloud environment under a five-year, $84 million contract. HII said Tuesday subcontractors on the recompeted work are AgileBeat, Ampsight, Compass and GIT-G. The teammem...
Fluor (NYSE: FLR) and HII (NYSE: HII) have purchased the membership interest of Honeywell (Nasdaq: HON) in a joint venture – Savannah River Nuclear Solutions – focused on helping the Department of Energy manage the Savannah River Site in South Carolina. “We are confident that Fluor and Huntington Ingalls will continue to deliver lo...
HII‘s (NYSE: HII) Newport News Shipbuilding division has booked contract modifications worth $393.3 million from the U.S. Navy to implement a new ship delivery strategy for the second Gerald R. Ford-class aircraft carrier. The branch now expects to receive the USS John F. Kennedy (CVN 79) on July 31, 2025, the company said Friday. “This...
