Tag Archives: ingalls shipbuilding

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 …

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 …

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 …

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 …

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 …

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 …

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. …

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, …

Eric Crooker, formerly director of contract administration at Huntington Ingalls Industries‘ (NYSE: HII) Ingalls Shipbuilding division, has been named vice president of contracts and pricing in the same division. He succeeds Don Perkins, who is due to retire on July 1, and will oversee contracts, pricing and estimating, import and export functions …

Huntington Ingalls Industries‘ (NYSE: HII) Ingalls Shipbuilding division has received a potential five-year, $181.4 million contract to provide follow-yard services for the U.S. Navy‘s DDG 51 class guided-missile destroyers. FYS efforts will include engineering, technical, material procurement and production support, as well as data and logistics management, lessons learned analysis, acceptance trials and post-delivery tests, the Defense Department said …