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Tag Archives: Newport News Shipbuilding

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 Division Secures $15B Contract to Build Two Navy Aircraft Carriers

Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division will design and build two Gerald R. Ford-class aircraft carriers for the U.S Navy under a $15.2B contract modification. The company said Thursday it will construct the future Enterprise vessel, designated CVN 80, and the yet-to-be-named CVN 81 ship. Jennifer Boykin, president of Newport Shipbuilding, said …

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Huntington Ingalls Awarded $228M USS Enterprise Material Procurement Funds

Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division has received a $228.8M contract modification to obtain additional materials necessary to build a third Gerald R. Ford-class aircraft carrier for the U.S. Navy. The modification expands the scope of a previously awarded contract for USS Enterprise (CVN 80) long lead-time items, the Department …

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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: 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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GD Electric Boat, HII Newport News Hold Christening for 2 Navy Virginia-Class Subs

TYSONS CORNER, VA, October 22, 2018 — General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) each hosted the christening of two Virginia-class attack submarines slated for delivery to the U.S. Navy in 2019, ExecutiveBiz reported Friday. The Defense Department said Thursday the ceremony for the future USS Delaware was held at …

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Huntington Ingalls, NAVSEA to Install & Test 3D-Printed Metal Part on USS Truman

TYSONS CORNER, VA, October 15, 2018 — Huntington Ingalls Industries (NYSE: HII) is collaborating with the Naval Sea Systems Command to install a prototype 3D-printed piping assembly on the USS Harry S. Truman aircraft carrier by early 2019 for a yearlong test period that aims to certify the component, ExecutiveBiz reported …

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HII Newport News Division Installs Radar Structure on Navy Carrier Under Overhaul Effort

TYSONS CORNER, VA, September 25, 2018 — A division of Huntington Ingalls Industries (NYSE: HII) has equipped a U.S. Navy Nimitz-class nuclear-powered aircraft carrier with a new integrated radar structure as part of a refueling and complex overhaul program worth $2.8B, ExecutiveBiz reported Monday. The company said Friday its Newport News …

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HII Newport News Shipbuilding Names Xavier Beale VP of Trades

TYSONS CORNER, VA, September 5, 2018 — Huntington Ingalls Industries‘ (NYSE: HII) Newport News Shipbuilding division has elevated Xavier Beale from the role of human resources operations director to vice president of trades and successor to the recently retired Ray Bagley, ExecutiveBiz reported Tuesday. The company said Friday Beale will report to …

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