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Tag Archives: ingalls shipbuilding

Huntington Ingalls to Design, Build Navy’s Flight II Landing Platform Dock Under Potential $1.5B Contract

The U.S. Navy has awarded Huntington Ingalls Industries (NYSE: HII) a potential $1.47B contract to build the first landing platform dock under the LPD-17 Flight II program. HII said Tuesday its Ingalls Shipbuilding division will perform detail design and construction of LPD 30, which will serve as the 14th vessel of …

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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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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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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 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 Ingalls Shipbuilding Begins Production of Future Coast Guard Cutter ‘Stone’

TYSONS CORNER, VA, September 18, 2018 — A Huntington Ingalls Industries (NYSE: HII) division has officially started the construction of a future Legend-class national security cutter during a keel-laying ceremony held with the U.S. Coast Guard, ExecutiveBiz reported Monday. The company said Friday Mississippi-based Ingalls Shipbuilding will now begin work on USCGC Stone, which is …

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Huntington Ingalls Gets $166M Navy Contract to Build Flight II Amphibious Transport Dock

Huntington Ingalls Industries (NYSE: HII) has received a potential $165.5 million contract from the U.S. Navy to obtain long-lead-time materials and conduct advance construction efforts for the first Flight II San Antonio-class amphibious transport dock. The company said Friday it will use contract funds to procure the future LPD 30 ship’s major components such as main engines, diesel …

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Navy Launches Future USS Frank E. Petersen Jr. Destroyer Built by Ingalls Shipbuilding

TYSONS CORNER, VA, July 19, 2018 — The U.S. Navy has launched the Huntington Ingalls Industries-built (NYSE: HII) Arleigh Burke-class guided missile destroyer designated DDG 121 at the company’s shipyard in Mississippi, ExecutiveBiz reported Tuesday. Ingalls Shipbuilding hosted the launch and “translation” from dry dock to water of the future USS Frank E. …

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HII Shipbuilding Unit Begins Fabrication of Flight III Arleigh Burke-Class Destroyer

TYSONS CORNER, VA, May 9, 2018 — A Huntington Ingalls Industries (NYSE: HII) business unit is currently building the U.S. Navy‘s future USS Jack H. Lucas guided-missile destroyer, which will be the first Arleigh Burke-class ship to feature the Flight III design, ExecutiveBiz reported Tuesday. The company said Monday Ingalls Shipbuilding has begun fabrication of the destroyer, …

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