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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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