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HII Delivers Destroyer Lenah Sutcliffe Higbee (DDG 123) to US Navy
PASCAGOULA, Miss., (Nov. 30, 2022) — HII’s (NYSE: HII) Ingalls Shipbuilding division delivered the Arleigh Burke-class guided missile destroyer Lenah Sutcliffe Higbee (DDG 123) to the U.S. Navy today. Delivery of DDG 123 represents the official transfer of the ship from the shipbuilder to the Navy. “Delivering an incredibly capable finished ship to the Navy is always
HII Authenticates Keel of Virginia-Class Attack Submarine Arkansas (SSN 800)
NEWPORT NEWS, Va., (Nov. 19, 2022) — HII’s (NYSE: HII) Newport News Shipbuilding (NNS) division hosted a keel authentication ceremony today for Virginia-class submarine Arkansas (SSN 800). The ship’s sponsors are the six women of the historic group known as the Little Rock Nine, the first African American students to attend all-white Central High School
HII Wins U.S. Air Force $70 Million Technical Analysis and Research Contract to Support AI/ML and Cyber Modernization Priorities
MCLEAN, Va. (Nov. 9, 2022) — HII’s (NYSE: HII) Mission Technologies division was awarded a $70 million task order contract by the U.S. Air Force to perform technical analysis and recommend enhancements for the Air Force Research Laboratory (AFRL). HII’s research and analysis will be leveraged by the Air Force to support the Department of
HII Makes Positive Impact with Third Annual Global Day of Caring Initiative
MCLEAN, Va. (Nov. 8, 2022) — HII’s (NYSE: HII) Mission Technologies division hosted its annual Global Day of Caring on Saturday, Nov. 5. More than 300 employees and their family members completed community service projects in Arizona, Florida, Georgia, Hawaii, Massachusetts, Nevada, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington and South Korea. “Supporting communities where
HII Unveils REMUS 620 Unmanned Underwater Vehicle
Enhanced Endurance, Mission Capacity and Odyssey™ Advanced Autonomy MCLEAN, Va. (Nov. 7, 2022) — HII’s (NYSE: HII) Mission Technologies division has revealed a new medium-class unmanned underwater vehicle (UUV): REMUS 620. Building on the design philosophy of the highly successful REMUS 300 — recently selected by the U.S. Navy as the program of record for
HII Reports Third Quarter 2022 Results
Revenues were $2.6 billion in the quarter Net earnings of $138 million or $3.44 diluted earnings per share Narrows FY22 revenue guidance ranges Reaffirms shipbuilding operating margin1 guidance, revises Mission Technologies operating margin guidance Increases FY22 free cash flow1 guidance and updates for current R&D tax treatment NEWPORT NEWS, Va. (Nov. 3, 2022) – HII
HII Increases Quarterly Dividend to $1.24 per Share
NEWPORT NEWS, Va. (Nov. 2, 2022) – HII (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.24 per share, a $0.06 increase over the $1.18 per share dividend paid in each of the prior four quarters. The $1.24 per share dividend will be payable on Dec. 9, 2022,
HII-Built Aircraft Carrier & Shipbuilders Get National Spotlight on Veterans Day
NEWPORT NEWS, Va., (Nov. 2, 2022) — When men’s college basketball teams Gonzaga and Michigan State face-off next week on an aircraft carrier in San Diego, shipbuilders and veterans from HII (NYSE: HII) and its Newport News Shipbuilding division will share in the national spotlight. The 2022 Peraton Armed Forces Classic, hosted by ESPN events,
HII Awarded $2.4 Billion to Build Amphibious Assault Ship LHA 9
HII’s (NYSE:HII) Ingalls Shipbuilding division has been awarded a $3.1 billion U.S. Navy fixed-price-incentive contract for the detail design and construction of amphibious assault ship LHA 9.
HII Receives Highest Level Capability Maturity Model Integration (CMMI) Rating
MCLEAN, Va. (Oct. 27, 2022) — HII’s (NYSE: HII) Live, Virtual and Constructive (LVC) Solutions business group was recently rated at a Capability Maturity Model Integration (CMMI) V2.0 Maturity Level 5 (ML5), the highest appraisal rating, for best practices that rapidly improve and sustain an organization’s performance and customer service capabilities. LVC Solutions, part of