Huntington Ingalls Industries Archives

Business

Huntington Ingalls Industries Announces Keith Munn Promotion

PASCAGOULA, MS (STL.News) Huntington Ingalls Industries (NYSE: HII) announced today that Keith Munn has been promoted to vice president, business management, and chief financial officer for Ingalls Shipbuilding. In his new role, he will be responsible for all financial management, contract management and business management functions at Ingalls. Munn will be located at HII’s Ingalls Shipbuilding division in Pascagoula, and will report to Ingalls Shipbuilding President Brian Cuccias. Munn replaces Tom Stiehle, who has been promoted to HII executive vice president and CFO. Munn will assume this new role on Feb. 15, 2021. “Keith’s extensive knowledge and accomplished background have been an asset to Ingalls for many years,” Cuccias said. “His experience positions him for success in th...

Business

Huntington Ingalls Industries Awarded Contract for Construction of First Two Columbia-Class Submarine Modules

NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries (NYSE:HII) announced today that its Newport News Shipbuilding division has been awarded a contract modification from General Dynamics Electric Boat in support of construction on the first two Columbia-class ballistic missile submarines The contract modification, valued at approximately $2.2 billion, provides continued design support efforts, as well as the construction and delivery of six module sections for each of the first two Columbia-class submarines. As part of the contract, Newport News will deliver the completed modules to Electric Boat for final assembly. The contracted module delivery dates are scheduled to start in November 2022 with the last module delivery taking place by January 2028. “We are pleased to be a ...

Business

Huntington Ingalls Industries Awarded Contract

Huntington Ingalls Industries Awarded Contract for Single-Phase Delivery of Aircraft Carrier John F. Kennedy (CVN 79) NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries (NYSE: HII) has received an undefinitized contract award from the U.S. Navy to shift the delivery strategy for the aircraft carrier John F. Kennedy (CVN 79) from a two-phase delivery to a single phase. The contract action announced today revises the two-phased delivery approach originally planned for the second ship in the Gerald R. Ford-class of carriers. It comes as a result of extensive collaboration with the Navy to support legislative requirements for Kennedy to be delivered with its complete warfare system, including F-35 Joint Strike Fighter capabilities, before the ship is commissioned into the fleet. The ...

Business

Huntington Ingalls Industries, Inc. Announces Redemption of 5.000% Notes Due 2025

NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries, Inc. (NYSE: HII) today announced that it has given notice of the redemption of its outstanding 5.000% senior unsecured notes due 2025 (the “2025 Notes”). As of Oct. 16, 2020, approximately $600 million in aggregate principal amount of the 2025 Notes is outstanding. In accordance with the terms of the indenture governing the 2025 Notes, they will be redeemed on Nov. 15, 2020 (the “Redemption Date”) for an aggregate redemption price equal to 102.5% of the principal amount of the 2025 Notes, plus accrued and unpaid interest to, but excluding, the Redemption Date. The Bank of New York Mellon, the trustee for the 2025 Notes, is delivering a Notice of Redemption to all registered holders of the 2025 Notes today. Copies of the Notice ...

Business

Huntington Ingalls Announces Todd West As New Vice President

Huntington Ingalls Announces Todd West As New Vice President of In-Service Carrier Programs At Newport News Shipbuilding NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries (NYSE:HII) announced today that Todd West has been named vice president of In-Service Aircraft Carrier Programs for the company’s Newport News Shipbuilding division. He will succeed Chris Miner, who will retire Dec. 1 after more than 37 years of service. Miner began his shipbuilding career in 1983 as a test engineer in the Los Angeles-class submarine program and has served in various roles of increasing responsibility. During his tenure as a program leader, Miner played an integral part in the company reestablishing its submarine construction program. He also successfully led delivery of three aircraft carrier...

Business

Ingalls Shipbuilding Successfully Completes Acceptance Trials for Stone (WMSL 758)

PASCAGOULA, MS (STL.News) Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division announced today the successful completion of acceptance sea trials for the U.S. Coast Guard’s newest national security cutter, Stone (WMSL 758). During seal trials, the ship spent two days in the Gulf of Mexico proving its systems. “I am very proud of the Ingalls team that conducted another outstanding acceptance trial on our ninth national security cutter Stone. This ship, like all of the national security cutters we have delivered, will be capable of undertaking the most challenging Coast Guard missions with great capability and endurance,” Ingalls Shipbuilding President Brian Cuccias said. “We are proud of our shipbuilders and the state-of-the-art design and construction of Stone, and ...

Politics

Virginia Governor Northam Announces Huntington Ingalls Industries to Establish Unmanned Systems Facility

Governor Northam Announces Huntington Ingalls Industries to Establish Unmanned Systems Facility in Hampton Nation’s largest military shipbuilder will create more than 250 new jobs RICHMOND, VA (STL.News) Governor Ralph Northam today announced that Huntington Ingalls Industries (NYSE: HII) will create more than 250 new jobs by establishing an Unmanned Systems Center of Excellence in Hampton. HII is the nation’s largest military shipbuilding company and provides professional services to government and industry. Virginia successfully competed with North Carolina for the project. “Virginia is proud to be home to the largest military shipbuilder in the country,” said Governor Northam. “Huntington Ingalls Industries is a national leader in advanced manufacturing, and this investment is a powerf...

Business

Destroyer Delbert D. Black (DDG 119) Sails Away from Ingalls Shipbuilding

PASCAGOULA, MS (STL.News) Destroyer Delbert D. Black departed from Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division Friday, sailing to its homeport in Mayport, Florida. “Our shipbuilders have done an excellent job throughout the construction of Delbert D. Black preparing the new Aegis destroyer to join the Navy’s fleet,” Ingalls Shipbuilding President Brian Cuccias said. “Today we celebrate the continued monumental achievements of our shipbuilders with great pride, and we look forward to continuing to build state-of-the-art Navy destroyers for years to come.” Ingalls has delivered 32 destroyers to the Navy and currently has four more under construction including Frank E. Petersen Jr. (DDG 121), Lenah H. Sutcliffe Higbee (DDG 123), Jack H. Lucas (DDG 125) and Ted ...

Business

Amphibious Assault Ship Tripoli (LHA 7) Sails Away from Ingalls Shipbuilding

PASCAGOULA, MS (STL.News) The Navy’s newest amphibious assault ship, USS Tripoli (LHA 7), departed from Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division today, sailing to its homeport in San Diego. “Tripoli sailing away to join the fleet is a proud moment for all of our shipbuilders, industry partners and the hundreds of suppliers that contributed to the production of this remarkable ship,” Ingalls Shipbuilding President Brian Cuccias said. “LHA 7 is an incredible asset that will strengthen the Navy’s fleet and protect our nation. We look forward to what the future holds for Tripoli and the sailors and Marines aboard her.” Ingalls is the sole builder of large-deck amphibious ships for the Navy. America-class amphibious warships are designed to enhance Marine Cor...

Business

Huntington Ingalls Industries Forms Defense and Federal Solutions Business Group

NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries’ (NYSE:HII) Technical Solutions division announced changes to the organization and alignment of its business groups. Following a series of strategic acquisitions and major contract awards, coupled with a review of existing capabilities and the division’s organizational structure, Technical Solutions reconstituted its internal organization in order to better serve existing and future customers while achieving support function efficiencies. The previous Fleet Support group and Mission Driven Innovative Solutions (MDIS) group were combined to form the Defense and Federal Solutions group. Garry Schwartz, former president of MDIS, will lead Defense and Federal Solutions. Schwartz retired from the Marine Corps as a senior officer in 200...

Business

The Apprentice School at Newport News Shipbuilding Approved as an Institution of Higher Education

NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries (NYSE: HII) announced today that The Apprentice School at its Newport News Shipbuilding division has been approved by the State Council of Higher Education for Virginia to operate as a post-secondary institution. The certification gives the school the authority to grant academic degrees, further enhancing its national reputation as the model apprenticeship program. The school plans to grant associates of applied science degrees in maritime technology in 26 disciplines, including maintenance electrician, marine designer, nuclear test technician and modeling and simulation program analyst. Final approval of the degree programs by the Council of Occupational Education is expected to be made later this year. “This is an historic m...

Business

Huntington Ingalls Industries Awarded $936 Million Contract to Build Navy Destroyer

PASCAGOULA, MS (STL.News) Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division has been awarded a $936 million contract for the construction of an additional Arleigh Burke-class (DDG 51) Flight III destroyer for the U.S. Navy. In 2018, Ingalls was awarded a $5.1 billion fixed-price incentive, multiyear contract for construction of six Arleigh Burke-class Flight III destroyers for the U.S. Navy. “We take great pride in the craftsmanship of our shipbuilders, and in the capabilities of our world-class shipyard,” Ingalls Shipbuilding President Brian Cuccias said. “This contract award provides great momentum for Ingalls and our more than 600 suppliers, in nearly 40 states, as we enter the second half of the year. We continue to focus on high performance and providing the...

Business

Huntington Ingalls Industries Reports First Quarter 2020 Results and Provides COVID-19 Update

Huntington Ingalls Industries Revenues were $2.3 billion in the quarter Operating margin was 9.5% Diluted earnings per share was $4.23 Backlog of $45.2 billion Reiterates long-term financial targets provided at February 2020 Investor Day NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries (NYSE: HII) reported first quarter 2020 revenues of $2.3 billion, up 8.8% from the first quarter of 2019. The increase was driven primarily by higher volume at HII’s Newport News and Ingalls shipbuilding divisions, as well as growth at HII’s Technical Solutions division. Operating income in the quarter was $215 million and operating margin was 9.5%, compared to $161 million and 7.7%, respectively, in the first quarter of 2019. The increases in operating income and operating margin were mainly the...

Business

Huntington Ingalls Industries awarded LCS Planning Yard Contract Worth a Potential $107.9 million

PASCAGOULA, MS (STL.News) Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division has been awarded a contract modification to exercise the first option year of the existing Littoral Combat Ships (LCS) Planning Yard contract. This option has a potential total value of up to $107.9 million for planning yard services in support of in-service LCS class ships. “Our outstanding and experienced Shipyard Planning Yard team is poised to continue the excellent and efficient execution of this important work for our Navy customer,” Ingalls Shipbuilding President Brian Cuccias said. The planning yard design services contract will continue to provide the LCS program with post-delivery life-cycle support, which includes fleet modernization program planning, design engineering and mode...

Business

Huntington Ingalls Industries Delivers Guided Missile Destroyer Delbert D. Black (DDG 119) to U.S. Navy

PASCAGOULA, MS (STL.News) Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division delivered the Arleigh Burke-class guided missile destroyer Delbert D. Black (DDG 119) to the U.S. Navy today. Documents signed today mark the official transfer of custody of the ship from HII to the Navy. Delbert D. Black is scheduled to sail away from the shipyard in August 2020. “We are proud to deliver our 32nd state-of-the-art destroyer to the Navy,” Ingalls Shipbuilding President Brian Cuccias said. “Our workforce plays a critical role in protecting those who serve our nation. We continue to fulfill our mission as shipbuilders by building highly capable warships that meet and exceed the needs of our military partners.” DDG 119 is the first ship named in honor of Navy veteran Delbert...

Business

Huntington Ingalls Industries Awarded $1.50 Billion Contract for the Construction of LPD 31

PASCAGOULA, MS (STL.News) Huntington Ingalls Industries (NYSE: HII) announced today that its Ingalls Shipbuilding division has received a $1.50 billion fixed-price-incentive modification to a previously awarded contract for the procurement of the detail design and construction of amphibious transport dock LPD 31. The ship will be the 15th in the San Antonio class and the second Flight II LPD. “In building this 15th LPD, Ingalls experienced shipbuilders will continue this hot production line of great amphibious warships for our Navy/Marine Corps team,” Ingalls Shipbuilding President Brian Cuccias said. “We are all proud to be building these great ships, and will continue to deliver the most survivable and affordable ships possible for our customers and our nation.” Ingalls’ LPD Flight I...

Business

Huntington Ingalls Industries Announces Proposed Offering of Senior Notes

NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries, Inc. (NYSE: HII) (“HII” or the “Company”) announced today an offering by the Company of senior notes (the “Notes”). The Notes will be fully and unconditionally guaranteed by each of the Company’s domestic subsidiaries that, subject to certain exceptions, guarantees debt under its credit facility or its capital markets debt. The Notes will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act and, unless so registered, may not be offered or sold in the United States absent an applicable exe...

Business

Huntington Ingalls Industries Announces New Vice President and Chief Information Officer at Ingalls Shipbuilding

NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries (NYSE: HII) announced today that Jason Brown has been promoted to vice president and chief information officer (CIO) for Ingalls Shipbuilding. In his new role, he will be responsible for all aspects of information technology, including applications development and maintenance, project technical strategy and execution, IT governance for outsourced services, IT operations and administration, software and hardware standards management, and information security and technology. Brown will be located at HII’s Ingalls Shipbuilding division in Pascagoula, Mississippi, and will report to Bharat Amin, HII executive vice president and CIO, for all IT related activities and matrixed to Tom Stiehle, Ingalls’ vice president, business manageme...