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Tag Archives: hii

Huntington Ingalls Names New GM for San Diego Shipyard; Andy Green Quoted

TYSONS CORNER, VA, March 11, 2019 — Huntington Ingalls Industries (NYSE: HII) appointed shipbuilding industry veteran Carlos Aguayo earlier this month to serve as general manager of its San Diego shipyard, ExecutiveBiz reported Tuesday. Aguayo, who succeeded the recently retired Daniel Flood, is now in charge of strategy development, quality, …

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HII Completes Fulcrum Acquisition

Huntington Ingalls Industries (NYSE: HII) has finalized its acquisition of Centreville, Va.-based Fulcrum IT Services as part of efforts to broaden predictive threat analytics and situational awareness offerings. HII said Monday Fulcrum will run as part of its technical solutions division and will bring capabilities in cybersecurity, engineering, software development, …

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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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BAE, General Dynamics, HII to Extend Amphibious Ship Maintenance Work Under $407M Navy Contract Option

The U.S. Navy has exercised the third option period on indefinite-delivery/indefinite-quantity contracts with BAE Systems, General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) to maintain the military branch’s amphibious ships. Each contractor will have the chance to vie for complex, emergent and continuous maintenance orders under firm-fixed-price contract modifications, the Department of Defense …

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HII Shipbuilding Division Secures $15B Contract to Build Two Navy Aircraft Carriers

Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division will design and build two Gerald R. Ford-class aircraft carriers for the U.S Navy under a $15.2B contract modification. The company said Thursday it will construct the future Enterprise vessel, designated CVN 80, and the yet-to-be-named CVN 81 ship. Jennifer Boykin, president of Newport Shipbuilding, said …

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Huntington Ingalls to Buy Fulcrum in Gov’t IT Services Market Push; Andy Green Quoted

Huntington Ingalls Industries (NYSE: HII) has agreed to acquire Fulcrum IT Services for an undisclosed sum in a move to grow predictive threat analytics and situational awareness offerings for the government sector. The deal is expected to be completed in February and would add cybersecurity, software development, big data, special operations and engineering …

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Retired Vice Adm. Joseph Tofalo Named Huntington Ingalls Program Integration, Assessment VP

Joseph Tofalo, a retired U.S. Navy vice admiral, has been appointed vice president of program integration and assessment at Huntington Ingalls Industries (NYSE: HII). HII said Monday Tofalo succeeds Jay Donnelly, who will transition to a new role as corporate VP of advanced technologies, and will work with government, academic and industry organizations that aim …

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Huntington Ingalls Awarded $228M USS Enterprise Material Procurement Funds

Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division has received a $228.8M contract modification to obtain additional materials necessary to build a third Gerald R. Ford-class aircraft carrier for the U.S. Navy. The modification expands the scope of a previously awarded contract for USS Enterprise (CVN 80) long lead-time items, the Department …

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GD Electric Boat, HII, Oceaneering Win Navy Submarine Safety Support Contracts

A General Dynamics (NYSE: GD) subsidiary, Huntington Ingalls Industries (NYSE: HII) and Oceaneering International (NYSE: OII) have received five-year contracts to support safety and material work aboard the U.S. Navy’s submarines. The Defense Department said Wednesday the indefinite-delivery/indefinite-quantity contracts cover support for Virginia-class, Seawolf-class, Ohio-class and Los Angeles-class submarines. The contractors …

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HII Shipbuilding Business Gets $931M in Contracts for 10th, 11th National Security Cutters

A Huntington Ingalls Industries (NYSE: HII) division has secured two contracts worth $930.9M combined to build the 10th and 11th National Security Cutters for the U.S. Coast Guard. HII’s Ingalls Shipbuilding business will develop NSC 10 under the $468.75M fixed-price-incentive contract and NSC 11 under the $462.13M contract, the company said Friday. “This …

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