Saturday, January 23WE ACCEPT QUALIFIED GUEST POSTS

Tag: NEWPORT news

Huntington Ingalls Industries Awarded Contract for Construction of First Two Columbia-Class Submarine Modules
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 ...
Huntington Ingalls Increases Quarterly Dividend to $1.14 per Share
Business

Huntington Ingalls Increases Quarterly Dividend to $1.14 per Share

NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries (NYSE: HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.14 per share, an $0.11 increase over the $1.03 per share dividend paid in each of the prior four quarters.  The $1.14 per share dividend will be payable on Dec. 11, 2020, to shareholders of record as of the close of business on Nov. 27, 2020. NOTE: this may not be complete release. View complete release at: https://newsroom.huntingtoningalls.com/releases/huntington-ingalls-industries-increases-quarterly-dividend-to-1-14-per-share
Huntington Ingalls Industries Awarded Contract
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 ...
Huntington Ingalls Industries, Inc. Announces Redemption of 5.000% Notes Due 2025
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 ...
Huntington Ingalls Announces Todd West As New Vice President
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...
Huntington Ingalls Industries Invests in Sea Machines
Business

Huntington Ingalls Industries Invests in Sea Machines

NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries’ (NYSE: HII) Technical Solutions division announced today that it has completed a strategic equity investment in Sea Machines Robotics, Inc., a Boston-based autonomous technology company that specializes in advanced software for unmanned surface vessels (USVs). “This investment represents our commitment to advanced innovation and competencies across the unmanned systems market,” said Andy Green HII executive vice president and president of Technical Solutions.  “Sea Machines is making significant strides in the USV industry.  We want to invest in their growth and continue to form complementary partnerships across this key domain.” Sea Machines was founded in 2015 and is an autonomous technology company that specializes in advanced...
Huntington Ingalls Industries Forms Defense and Federal Solutions Business Group
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...
The Apprentice School at Newport News Shipbuilding Approved as an Institution of Higher Education
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...
Huntington Ingalls Industries Announces Proposed Offering of Senior Notes
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...
Huntington Ingalls Industries Awarded $954 Million Intelligence, Surveillance and Reconnaissance Contract by U.S. GSA FEDSIM
Business

Huntington Ingalls Industries Awarded $954 Million Intelligence, Surveillance and Reconnaissance Contract by U.S. GSA FEDSIM

NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries (NYSE: HII) announced today that it has been awarded a General Services Administration One Acquisition Solution for Integrated Services (OASIS) task order to provide Persistent Multi-Role Operations (PMRO) support to the U.S. Air Force-Europe (USAFE) by the Federal Systems Integration and Management Center (FEDSIM).  This task order will provide Contractor Owned-Contractor Operated (COCO) manned and unmanned airborne intelligence, surveillance and reconnaissance (ISR) in support of Air Force requirements in the European and African theaters of operation.  The task order has a base period of one year with four option years and a potential value of $954 million. “Critical readiness of our defense intelligence enterprise demands uniqu...
Huntington Ingalls Industries to Host Investor Day on Feb. 18
Business

Huntington Ingalls Industries to Host Investor Day on Feb. 18

NEWPORT NEWS, VA (STL.News) Huntington Ingalls Industries (NYSE: HII) invites investors and the general public to listen to a live webcast of its 2020 Investor Day presentation, which will begin at 8 a.m. EST on Tuesday, Feb. 18. The event will feature presentations on the company’s performance and strategic objectives by members of the senior leadership team. The webcast will be accessible via the Investor Relations section of the company’s website: www.huntingtoningalls.com.  Replays will be available on the website for a limited time.
Huntington Ingalls Industries Announces New Vice President and Chief Information Officer at Ingalls Shipbuilding
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...
Photo Release–Huntington Ingalls Industries President and CEO honored by Society of Naval Architect and Marine Engineers (SNAME)
Business

Photo Release–Huntington Ingalls Industries President and CEO honored by Society of Naval Architect and Marine Engineers (SNAME)

(STL.News) – Huntington Ingalls Industries (NYSE: HII) announced today that the Society of Naval Architect and Marine Engineers (SNAME) awarded HII President and CEO Mike Petters the 2019 Vice Admiral Emory S.  “Jerry” Land Medal.  Petters received the Land Medal on Thursday during the Annual SNAME Banquet, held in Tacoma, Wash., where he and his wife, Nancy Briggs Petters, were the keynote speakers. Mike Petters Accepts Land Award HII President and CEO Mike Petters, center, accepts the 2019 Vice Admiral Emory S.  “Jerry” Land Medal from, at left, Fred Harris, former president of General Dynamics NASSCO and Bath Iron Works, and Suzanne Beckstoffer, president of Society of Naval Architect and Marine Engineers (SNAME).  The Land Medal is presented to an individual for outstanding accomplishm...
Photo Release–Huntington Ingalls Industries Employees Honored At Annual Society of Asian Scientists and Engineers National Conference
Business

Photo Release–Huntington Ingalls Industries Employees Honored At Annual Society of Asian Scientists and Engineers National Conference

(STL.News) – Huntington Ingalls Industries (NYSE:HII) announced today that employees from its Newport News Shipbuilding and Ingalls Shipbuilding divisions received awards during the 2019 Society of Asian Scientists and Engineers (SASE) National Conference and STEM Career Fair.  The conference, the largest for Asian Americans in the United States, was held Oct. 10-12 at the David L. Lawrence Convention Center in Pittsburgh. Shaping Freedom Through Diversity Marie Lawson, an engineer at Newport News, and Scott Chin, an engineer at Ingalls, received Professional Achievement awards.  The award recognizes highly experienced, mid-career professionals who have made significant discoveries or important advances in their chosen career paths and are acknowledged as leaders of large initiatives. C...
Huntington Ingalls Industries to Host Third Quarter Earnings Conference Call and Webcast on Nov. 7
Business

Huntington Ingalls Industries to Host Third Quarter Earnings Conference Call and Webcast on Nov. 7

Newport News, Va., (STL.News) – Huntington Ingalls Industries (NYSE: HII) will release its third quarter 2019 financial results on Thursday, Nov. 7 and host an earnings conference call at 9 a.m.  EST the same day.  The call will be webcast live on HII’s website: www.huntingtoningalls.com. HII participants will include Mike Petters, president and CEO, and Chris Kastner, executive vice president, business management, and chief financial officer.  Their remarks will be supplemented by a series of slides appearing on the company website.  Listeners are encouraged to view these materials in conjunction with the call.  Replays of the call will be available on the website for a limited time. CLICK to VIEW SOURCE
Real Estate News

Thirteen DF Properties Join the Elite 1% for Superior Online Reputation Scores

  NEWPORT NEWS, VA./ APRIL 01, 2019 (STL.News) J Turner Research, leading apartment industry research firm, partners with Multifamily Executive on a monthly basis to publish the Online Reputation Assessment (ORA™) Power Ranking. This ranking system evaluates top properties and management companies in the U.S. based on their ORA™ scores, a cumulative compilation of a property’s ratings across multiple review sites. The online ratings of more than 100,000 properties are monitored and analyzed nationwide, and properties are assigned a score of 0-100. This score aids in comparing properties and portfolios against one another and serves as a reference point for local, regional, and national competition. In the fifth annual 2018 Elite 1% ORA™ Power Ranking, 1,234 properties made it to the...