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Tag Archives: aircraft carrier

Huntington Ingalls Awarded $687M Navy Contract to Help Modernize, Maintain Gerald R. Ford Carrier

Huntington Ingalls Industries (NYSE: HII) has secured a potential five-year, $687.1M contract to help modernize the lead ship of the U.S. Navy's Ford class as part of early service life support work. HII's Newport News Shipbuilding division will support continuous and planned incremental availabilities, shock trials and continuous and emergent maintenance of USS Gerald R. Ford, the Department of Defense said Wednesday.

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McAleese & Associates: FY 2020 Defense Spending Bill to Appropriate $21.7B for Navy Shipbuilding

A McAleese & Associates report says the U.S. Navy’s shipbuilding programs would receive $21.7B under the $690B fiscal 2020 defense funding bill passed by the House Appropriations Committee. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, listed in the report some of the fully funded …

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McAleese & Associates: Investors Expect HII to Hit 10% Shipbuilding Margins in 2019

A new report by consulting firm McAleese & Associates says investors expect Huntington Ingalls Industries (NYSE: HII) to return to 10 percent shipbuilding operating margins in 2019. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report the figure could be driven by five ship deliveries this …

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McAleese & Associates: Richard Spencer on Two-Carrier Buy, Other Navy Priorities

Consulting firm McAleese & Associates has issued a report that outlines some of the priorities of Navy Secretary Richard Spencer. Spencer said Thursday during a Center for Strategic and International Studies event that the Navy has begun to work with Huntington Ingalls Industries (NYSE: HII) on a possible two-carrier contract. “We are going to get …

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McAleese & Associates: HII Optimistic on FY 2018-2019 Shipbuilding Funds in Bipartisan Budget Act

Consulting firm McAleese & Associates has issued a report saying Huntington Ingalls Industries (NYSE: HII) is “ecstatic” about the Bipartisan Budget Act’s shipbuilding funds for fiscal years 2018 and 2019. “[W]e are in a great spot because ships have been authorized and appropriated in the 2018-2019 window, which takes a lot …

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McAleese & Associates: HII Reports 10% Growth in Year-to-Date Sales

A report by consulting firm McAleese & Associates says Huntington Ingalls Industries (NYSE: HII) saw its revenue rise 12 percent to $2.1B in the third quarter of 2018 with a year-to-date sales increase of 10 percent. HII posted $290M in Q3 total corporate profit, reflecting a 20 percent increase from the same period last year …

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Boeing Wins $805M Navy Unmanned Aerial Refueler EMD Contract; Leanne Caret Quoted

Boeing (NYSE: BA) will build four MQ-25 Stingray carrier-based drones for the U.S. Navy under a potential six-year, $805.3M engineering and manufacturing development contract. “As a company, we made an investment in both our team and in an unmanned aircraft system that meets the U.S. Navy’s refueling requirements,” Leanne Caret, president and CEO of Boeing’s …

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General Atomics Pushes MQ-25 Bid With Aircraft Carrier Deck Taxi, Launch & Recovery Demo

TYSONS CORNER, VA, April 18, 2018 — A business unit of General Atomics has conducted a demonstration of flight deck taxi and launch-and-recovery operations aboard an aircraft carrier using the Predator C Avenger unmanned aerial vehicle in support of the company’s bid on the U.S. Navy‘s MQ-25 Stingray carrier-based tanker drone program, ExecutiveBiz …

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