Keith Munn, a 23-year veteran of Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division, has been named as the unit's chief financial officer and vice president for business development effective Feb. 15.
Read More »HII Gets $145M Advance Funds for Navy Amphibious Assault Ship Construction; Brian Cuccias Quoted
Huntington Ingalls Industries (NYSE: HII) has secured a $145M contract modification to obtain long-lead-time materials necessary for its Ingalls Shipbuilding division to build the U.S. Navy's LHA 9 amphibious assault ship.
Read More »ST Engineering Appoints Bob Merchent as President & CEO of VT Halter Marine; Tom Vecchiolla Quoted
ST Engineering North America announced Monday the appointment of shipbuilding industry veteran Robert “Bob” Merchent as president and CEO of VT Halter Marine.
Read More »Jason Brown Promoted to Huntingon Ingalls Shipbuilding Division VP, CIO
Jason Brown, who has held managerial positions within the information technology organization supporting Huntington Ingalls Industries' (NYSE: HII) Ingalls Shipbuilding division, has taken new roles as the division's vice president and chief information officer.
Read More »HII Gets $907.5M in Contracts for Navy Cruiser, Submarine Planning Yard Services
Huntington Ingalls Industries (NYSE: HII) has received two contracts worth $907.5M combined to provide planning yard support services for the U.S. Navy’s nuclear-powered submarines, cruisers and destroyer ships.
Read More »Premo Sabbatini, Rick Spaulding Take New Leadership Roles at HII
Huntington Ingalls Industries (NYSE: HII) has promoted Premo Sabbatini, amphibious assault ship program manager at Ingalls Shipbuilding division, to vice president of central planning and process excellence at the division.
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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