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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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HII Shipyard to Update, Maintain & Repair Navy’s USS O’Kane Destroyer

TYSONS CORNER, VA, October 30, 2018 — Huntington Ingalls Industries (NYSE: HII) will work to update a U.S. Navy Arleigh Burke-class destroyer under a potential $51.5M contract that runs through January 2020, ExecutiveBiz reported Monday. The Defense Department said Friday HII San Diego Shipyard will perform maintenance and repairs on USS O’Kane as part of the …

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Garry Schwartz Promoted to Huntington Ingalls MDIS Group President; Andy Green Quoted

Garry Schwartz, formerly vice president and general manager of the training, cyber and engineering business at Huntington Ingalls Industries‘ (NYSE: HII) mission driven innovative solutions group, has been promoted to president of the MDIS business. He will work at the company’s Fairfax, Va. office and will oversee the MDIS’ culture, growth and performance …

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Phil Nolan, Dave Keffer Appointed General Partners at Blue Delta Capital

Government industry veterans Phil Nolan and Dave Keffer have been named general partners at McLean, Va.-based private equity firm Blue Delta Capital Partners. Nolan has been an advisory board member at Blue Delta since 2011. He previously served as CEO of Stanley, which CGI (NYSE: GIB) purchased in 2010, and …

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HII Ingalls Shipbuilding Secures $97M USCG Contract for 11th National Security Cutter Components

The U.S. Coast Guard on Friday awarded Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division a $97M firm-fixed-price contract to procure materials for the 11th National Security Cutter. HII said Monday it will purchase long-lead items such as main propulsion systems, steel, generators, electrical switchboards and major castings for the Legend-class vessel …

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HII Technical Solutions Picked to Maintain Navy Coastal Riverine Forces Equipment

TYSONS CORNER, VA, September 28, 2018 — A Huntington Ingalls Industries (NYSE: HII) division will help maintain U.S. Navy expeditionary equipment in support of the military branch’s coastal riverine forces under a potential $34M contract, ExecutiveBiz reported Tuesday. The company said Monday its technical solutions unit’s fleet support group will provide engineering, technical, repair and …

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Navy Awards DDG 51 Destroyer Shipbuilding Contracts to General Dynamics Subsidiary, Huntington Ingalls

The U.S. Navy has awarded Huntington Ingalls Industries (NYSE: HII) a potential $5.25B contract and General Dynamics’ (NYSE: GD) Bath Iron Works subsidiary a potential $4.03B contract to construct new Arleigh Burke-class guided missile destroyer ships. Under the contract, HII will build up to six DDG 51 ships while Bath Iron Works …

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HII Newport News Division Installs Radar Structure on Navy Carrier Under Overhaul Effort

TYSONS CORNER, VA, September 25, 2018 — A division of Huntington Ingalls Industries (NYSE: HII) has equipped a U.S. Navy Nimitz-class nuclear-powered aircraft carrier with a new integrated radar structure as part of a refueling and complex overhaul program worth $2.8B, ExecutiveBiz reported Monday. The company said Friday its Newport News …

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Jason Ward, Dave Bolcar Appointed Submarine Construction VPs at HII Newport News Shipbuilding

Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division has promoted Jason Ward to vice president of Columbia-class submarine construction and named Dave Bolcar as VP for the Virginia-class submarine development program. Ward and Bolcar will directly report to Ken Mahler, VP of Navy programs at Newport News Shipbuilding, HII …

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