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Tag Archives: Newport News Shipbuilding

Phebe Novakovic: General Dynamics Eyes Columbia-Class Submarine Construction Kickoff in 2020

Phebe Novakovic, chairman and CEO of General Dynamics (NYSE: GD) and a 2019 Wash100 award winner, said the Reston, Va.-based defense contractor expects to start building the U.S. Navy’s Columbia-class ballistic missile submarine by the end of 2020, the Washington Business Journal reported Wednesday.

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Brian Fields, Damon Saetre Take New Leadership Roles at HII’s Newport News Shipbuilding Division

Huntington Ingalls Industries (NYSE: HII) veterans Damon Saetre and Brian Fields have been promoted to new leadership roles at the company's Newport News Shipbuilding division as part of business transformation efforts. Saetre will serve as VP of integrated planning and production control, while Fields be chief transformation officer and VP for business transformation.

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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 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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