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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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HII Launches Latest Virginia-Class Navy Sub Ahead of Testing, Crew Certification

TYSONS CORNER, VA, December 19, 2018 — Huntington Ingalls Industries (NYSE: HII) has rolled out a Virginia-class nuclear-powered submarine that it built with General Dynamics‘ (NYSE: GD) Electric Boat business, two months after the vessel’s christening as USS Delaware, ExecutiveBiz reported Tuesday. HII said Monday its Newport News Shipbuilding division launched …

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Navy Vet Herman Shelanski Joins Huntington Ingalls as Shipbuilding Business Dev’t VP

Herman Shelanski, former inspector general of the U.S. Navy, has been named vice president of business development at Huntington Ingalls Industries‘ (NYSE:HII) Newport News Shipbuilding division. The retired vice admiral will report to Newport Shipbuilding President Jennifer Boykin, the company said Thursday. “During his tenure, he became known for his visionary …

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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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HII Acquires Cybersecurity Firm G2; Baird’s John Song Comments

Huntington Ingalls Industries (NYSE: HII) has purchased Annapolis Junction, Md.-based cybersecurity services provider G2 for an undisclosed amount in a move to grow its professional services business and portfolio of information assurance and cyber offerings. HII said Monday it will integrate G2 into its technical solutions division led by Andy Green. …

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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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