Tag Archives: aircraft carrier

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 …

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 …

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 …

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 …

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 …

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 …

A General Atomics business unit will collaborate with several other companies to compete for the U.S. Navy’s carrier-based unmanned aerial refueling tanker program. General Atomics Aeronautical Systems Inc. said Monday it will work with Boeing (NYSE: BA); BAE Systems; United Technologies Corp.‘s (NYSE: UTC) Pratt & Whitney and aerospace systems business; L3 Technologies (NYSE: LLL); Rockwell Collins …

Northrop Grumman (NYSE: NOC) has decided to drop the company’s pursuit of the U.S. Navy’s carrier-based unmanned aerial refueling tanker program, Defense News reported Wednesday. The contractor’s decision came two weeks after the service issued the final request for proposals for the MQ-25A Stingray program. “Winning is great… but if you can’t …

Huntington Ingalls Industries (NYSE: HII) has promoted two executives to vice president roles at its Newport News Shipbuilding division as part of the company’s business transformation efforts in support of the U.S. Navy. Dave Bolcar, formerly director of the Columbia-class submarine program at the division, will serve as VP of submarine construction …

Lucas Hicks, facilities director at Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division, has been promoted to vice president of construction for the John F. Kennedy (CVN 79) aircraft carrier at the division in a move that takes effect July 1. The 26-year HII veteran will directly report to Ken Mahler, VP …