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...
Ramzi Musallam, CEO and managing partner of Veritas Capital, has been selected to receive a 2022 Wash100 Award. This marks his seventh consecutive selection to Executive Mosaic’s prestigious annual list of leaders who shape the government contracting landscape, a testament to his reputation as one of the most significant drivers of growth and inno...
Warren Kohm, formerly a vice president and corporate controller at Alion Science and Technology, has been named chief financial officer of Red River Technology. Kohm has over 25 years of experience leading financial functions at multiple companies that worked with federal, state and local government clients, Red River said Thursday. At Alion, he als...
A shipbuilding division at Huntington Ingalls Industries (NYSE: HII) has secured a $113.6 million contract modification from the U.S. Navy to obtain long-lead-time materials needed to build the LHA 9 amphibious assault ship. The modification is the sixth increment of the LLTM procurement contract awarded to Ingalls Shipbuilding and brings the total ...
Grant Hagen, formerly senior vice president of business operations at Huntington Ingalls Industries‘ (NYSE: HII) Technical Solutions division, has been named president of the segment’s cyber and electronic warfare business group. He succeeds Terri Walker-Spoonhour, who led the group on an acting basis and will continue in her full-time r...
Huntington Ingalls Industries (NYSE: HII) saw its third-quarter revenue for 2021 increase 1 percent to $2.3 billion and reported $3.65 in diluted earnings per share. The Newport News, Virginia-based shipbuilding company said Thursday it recorded $600 million in Q3 2021 new contract awards and a total backlog of about $50.1 billion as of Sept. 30....
Chris Soong, formerly the chief information officer of Alion Science and Technology, has been appointed to the same position at Huntington Ingalls Industries‘ (NYSE: HII) technical solutions division. HII added Soong to its executive team upon completion of the company’s $1.65 billion cash acquisition of Alion, the Virginia-based militar...
Huntington Ingalls Industries (NYSE: HII) has announced a string of executive moves and the formation of four new business groups within its government services arm following HII’s acquisition of Alion Science and Technology. Former Alion executives Todd Borkey and Chris Bishop have joined the HII Technical Solutions division as chief technolo...
Huntington Ingalls Industries (NYSE: HII) has closed its $1.65 billion cash acquisition of Alion Science and Technology as part of a growth strategy to expand HII’s technical service offerings in target markets. The Newport News, Virginia-based shipbuilder first announced the transaction to acquire Alion from private equity firm Veritas Capita...
Huntington Ingalls Industries‘ (NYSE: HII) technical solutions division has received a potential five-year, $346 million task order to help U.S. Africa Command and its international partners rescue, recover and evacuate military personnel. The company said Monday it will conduct airlift and airdrop efforts, plan and manage rescue operations, s...
