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NEWPORT NEWS, Va., (Dec. 9, 2022) — HII (NYSE: HII) announced today that current executive chair and former CEO of Entergy Corporation Leo Denault was elected to the company’s board of directors, effective Dec. 5, 2022.

Denault has 40 years of experience in the power industry. He joined Entergy in 1999, serving initially as vice president of corporate development and then five years later as executive vice president and chief financial officer, before becoming CEO in 2013. He also served 18 years at Cinergy Corporation (known today as Duke Energy) in varying positions of responsibility, culminating as vice president of the company.

“We are very pleased to welcome Leo to the board of HII,” said Kirk Donald, chairman of the board of HII. “He is a leader in the nation’s power business and brings significant strategic experiences to the HII team. He has a deep understanding of electrical and nuclear power generation, transmission and distribution as well as the regulatory requirements to protect these national resources. I look forward to having him join our team of directors.”

As CEO of Entergy, Denault led the transformation of the company into a premier utility and one of the nation’s cleanest energy companies. In addition to being one of two companies currently building nuclear-powered naval vessels in the U.S., HII supports the Department of Energy’s national security mission through the management and operation of its sites, and the safe cleanup of legacy sites across the country.

Denault currently serves on the boards of directors of Jobs for America’s Graduates, the Edison Electric Institute, the Institute of Nuclear Power Operators, and the World Association of Nuclear Operators Atlanta Centre.

Denault received a Bachelor of Science degree in economics and accounting from Ball State University. He also received a Master of Business Administration in finance from Indiana University.

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About HII

HII is a global, all-domain defense partner, building and delivering the world’s most powerful, survivable naval ships and technologies that safeguard our seas, sky, land, space and cyber.

As America’s largest shipbuilder and with a more than 135-year history of advancing U.S. national defense, we are united by our mission in service of the heroes who protect our freedom. HII’s diverse workforce includes skilled tradespeople; artificial intelligence, machine learning (AI/ML) experts; engineers; technologists; scientists; logistics experts; and business professionals. Headquartered in Virginia, HII’s workforce is 43,000 strong. For more information, visit:

Leo Denault Portrait
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  • 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

Read below for HII’s third quarter 2022 results. 

Download the pdf
MEDIA CONTACT
Christie Thomas (Investors)
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Brooke Hart (Media)
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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, to shareholders of record as of the close of business on Nov. 25, 2022.

HII is a global, all-domain defense partner, building and delivering the world’s most powerful, survivable naval ships and technologies that safeguard our seas, sky, land, space and cyber.

As America’s largest shipbuilder and with a more than 135-year history of advancing U.S. national defense, we are united by our mission in service of the heroes who protect our freedom. HII’s diverse workforce includes skilled tradespeople; artificial intelligence, machine learning (AI/ML) experts; engineers; technologists; scientists; logistics experts; and business professionals. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

MEDIA CONTACT
Brooke Hart (Media) 
[email protected]
(202) 264-7108
 
Christie Thomas (Investors)
[email protected]
(202) 380-2104
 
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[email protected]
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NEWPORT NEWS, Va., (Aug. 18, 2022) –  To address gaps in services for Hampton Roads communities, three leading corporations headquartered in Newport News, Virginia – HII, Ferguson, and BayPort Credit Union – have partnered to fund a $500,000, three-year transformation grant, called Accelerating Change Together (ACT). The inaugural year’s focus will be on education and workforce development.

The grant is an extension of the One Community Transformational Grant program, which HII’s Newport News Shipbuilding division launched in 2018 and has since provided start-up funding for the Fort Monroe Foundation’s National Center for Freedom and the Newport News Public Schools STEM Ecosystem project. The partnership among the three companies will expand the initial program’s scope and funding. Recognizing their unwavering commitment to the community, the ACT Grant is an extension of the three companies existing charitable giving and social impact efforts.

“The ACT Grant builds on the tremendous success of the One Community Transformation Grant that allowed nonprofits to work together to dream about new ways they could use the funds to make a positive change in the community,” said Gary Artybridge, manager, Corporate Citizenship & Education Outreach at Newport News Shipbuilding. “We were thrilled that BayPort and Ferguson wanted to partner with us to build upon the program’s early successes and make it sustainable. This year’s investment will be a win for education in Hampton Roads and in the development of a skilled workforce that will benefit the nation.”

“BayPort is excited to be a leader in the ACT grant,” said Nancy Porter, vice president of marketing at BayPort Credit Union and executive director of the BayPort Foundation. “So many nonprofits have creative ideas about how to address pressing community challenges but don’t have a mechanism to fund the implementation of those ideas. The goal of the ACT Grant is to invest in one project each year that has the greatest potential to leave a lasting legacy on our community.”

“Newport News has been home to Ferguson for more than 70 years, and we’re honored to support our neighbors through this partnership,” said Melissa Hazelwood, director of Social Impact at Ferguson. “Just as our three companies are working collaboratively to implement this program, we hope that the grant will inspire like-minded nonprofits to work together to strengthen the communities where we all live and work.”

The deadline for applications is October 31, 2022. For additional information on the ACT Grant and eligibility requirements, please visit actgrant.org.

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 About HII

HII is an all-domain defense and technologies partner, recognized worldwide as America’s largest shipbuilder. With a 135-year history of trusted partnerships in advancing U.S. national security, HII delivers critical capabilities ranging from the most powerful and survivable naval ships ever built, to unmanned systems, ISR and AI/ML analytics. HII leads the industry in mission-driven solutions that support and enable an all-domain force. Headquartered in Virginia, HII’s skilled workforce is 44,000 strong. For more information, visit:

About Ferguson

 Ferguson plc (NYSE: FERG; LSE: FERG) is a leading value-added distributor providing expertise, solutions and products from infrastructure, plumbing and appliances to HVAC, fire, fabrication and more. We exist to help make our customers’ complex projects simple, successful and sustainable. Ferguson is headquartered in the U.K., with operations in North America. For more information, please visit www.fergusonplc.com or follow Ferguson on LinkedIn https://www.linkedin.com/company/ferguson-enterprises.

About BayPort Foundation

 BayPort Foundation is the charitable arm of BayPort Credit Union, headquartered in Newport News, Virginia and was established to extend the credit union’s philosophy of “people helping people.” The Foundation is an extension of the credit union’s charitable giving. BayPort Credit Union commits more than half a million dollars in annual corporate donations and pays all the Foundation’s overhead to ensure that 100% of the Foundation donations support its mission. For more information, visit bayportfoundation.org.

MEDIA CONTACT
Todd Corillo
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(757) 688-3220
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Visit Follows Significant Contract Wins for HII’s Mission Technologies Division

HONOLULU, HI (Aug. 16, 2022) — Chris Kastner, president and CEO of global defense technologies provider HII (NYSE:HII), toured company facilities in Hawaii this week and met with customers, workforce partners and HII employees as the company continues to expand its role providing integrated solutions that enable a connected, all-domain force.

“Hawaii and the state’s workforce are essential to national security, and to the future of joint all-domain command and control,” Kastner said. “I am proud of HII’s longstanding presence in this state, our technologies and teams here, and our trusted relationships with partners who are driving this strategic direction on behalf of our national defense.”

Through its Newport News Shipbuilding and Ingalls Shipbuilding divisions, HII has built 70% of the U.S. Navy ships that are homeported at Joint Base Pearl Harbor-Hickam. HII has one of the biggest footprints in Hawaii of any large defense contractor with several facilities in Hawaii, and a team of several hundred analysts, engineers, cyber specialists, and fleet maintenance specialists across the U.S. Indo-Pacific Command area of operations. Through Mission Technologies, HII is designing and developing sensors, systems and solutions that enable coordinated use of distributed assets — ships, aircraft, satellites, personnel — across large geographic regions to collect and share intelligence from all domains.

HII is also working with national, state and local officials on plans to expand the company’s investment in workforce development and enhanced capabilities in Hawaii. HII is growing its internship program with the University of Hawaii and on Monday, Kastner met with David Lassner, president of the University of Hawaii, and Michael Bruno, provost of the University of Hawaii

“HII is a workforce development company, in Hawaii and every state,” Kastner said. “We support our supplier small businesses and work hard to develop skills to advance the nation’s critical infrastructure. I am always glad to meet our emerging cyber and other talent to build the pipeline needed to support U.S. national security in the future.”

In recent weeks, HII announced nearly $1 billion in new contracts to support U.S. Department of Defense agencies in delivering critical integrated technology services to counter and deter current and emerging global threats.

Mission Technologies is the fastest growing segment of HII’s portfolio and a quarter of the company’s revenue with a $26 billion pipeline of qualified business in 2022. Mission Technologies includes C5ISR systems and operations; the application of artificial intelligence and machine learning to battlefield decisions; defensive and offensive cyberspace strategies and electronic warfare; unmanned, autonomous systems; live, virtual, constructive training and simulation solutions; and platform modernization.

HII Facts

  • HII has built 70% of U.S. Navy ships homeported at Joint Base Pearl Harbor-Hickam.
  • The largest producer of unmanned undersea vehicles (UUV) globally and small UUV program of record for the U.S. Navy
  • Largest data platform provider for U.S. Army
  • Fourth largest artificial intelligence/machine learning federal contractor
  • Largest in live, virtual, constructive training and simulation solutions for U.S. Navy
  • Number 11 among large companies on list of Forbes’ America’s Best Employers for 2022, HII’s ranking represents biggest jump of any large company on list, rising from number 387 last year. HII is also only aerospace and defense company in the list’s top 40.


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 About HII

 HII is an all-domain defense and technologies partner, recognized worldwide as America’s largest shipbuilder. With a 135-year history of trusted partnerships in advancing U.S. national security, HII delivers critical capabilities ranging from the most powerful and survivable naval ships ever built, to unmanned systems, ISR and AI/ML analytics. HII leads the industry in mission-driven solutions that support and enable an all-domain force. Headquartered in Virginia, HII’s skilled workforce is 44,000 strong. For more information, visit:

MEDIA CONTACT
Greg McCarthy
[email protected]
(202) 264-7126
General Inquiries:
[email protected]
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NEWPORT NEWS, Va., May 26, 2022 -- HII (NYSE:HII) will participate in Bernstein’s Strategic Decisions Conference on June 2. The conversation with HII President and Chief Executive Officer Chris Kastner will begin at 3:30 p.m. Eastern time and will be webcast on ir.hii.com.

HII is an all-domain defense and technologies partner, recognized worldwide as America’s largest shipbuilder. With a 135-year history of trusted partnerships in advancing U.S. national security, HII delivers critical capabilities ranging from the most powerful and survivable naval ships ever built, to unmanned systems, ISR and AI/ML analytics. HII leads the industry in mission-driven solutions that support and enable an all-domain force. Headquartered in Virginia, HII’s skilled workforce is 44,000 strong. For more information please visit:

Note: Statements made at the conference may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You can generally identify forward-looking statements by words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," and similar words or phrases or the negative of these words or phrases. These statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are reasonable when made, we cannot guarantee future results, levels of activity, performance, or achievements. There are a number of important factors that could cause our actual results to differ materially from the results anticipated by our forward-looking statements, which include, but are not limited to: changes in government and customer priorities and requirements (including government budgetary constraints, shifts in defense spending, and changes in customer short-range and long-range plans); our ability to estimate our future contract costs and perform our contracts effectively; changes in procurement processes and government regulations and our ability to comply with such requirements; our ability to deliver our products and services at an affordable life cycle cost and compete within our markets; natural and environmental disasters and political instability; our ability to execute our strategic plan, including with respect to share repurchases, dividends, capital expenditures and strategic acquisitions; adverse economic conditions in the United States and globally; health epidemics, pandemics and similar outbreaks, including the COVID-19 pandemic, and the impacts of vaccination mandates on our workforce; disruptions impacting the global supply, including those attributable to the ongoing COVID-19 pandemic and the ongoing conflict between Russia and Ukraine; our ability to effectively integrate the operations of Alion Science and Technology into our business; changes in key estimates and assumptions regarding our pension and retiree health care costs; security threats, including cyber security threats, and related disruptions; and other risk factors discussed in our filings with the U.S. Securities and Exchange Commission. There may be other risks and uncertainties that we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business, and we undertake no obligation to update any forward-looking statements. You should not place undue reliance on any forward-looking statements that we may make.

MEDIA CONTACT
Brooke Hart
202-264-7108
[email protected]
Christie Thomas
757-380-2104
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NEWPORT NEWS, Va., April 07, 2022 -- HII (NYSE:HII) will release its first quarter 2022 financial results on Thursday, May 5, and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII’s website: https://www.hii.com/.

HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president 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.

HII is an all-domain defense and technologies partner, recognized worldwide as America’s largest shipbuilder. With a 135-year history of trusted partnerships in advancing U.S. national security, HII delivers critical capabilities ranging from the most powerful and survivable naval ships ever built, to unmanned systems, ISR and AI/ML analytics. HII leads the industry in mission-driven solutions that support and enable an all-domain force. Headquartered in Virginia, HII’s skilled workforce is 44,000 strong. For more information please visit:

MEDIA CONTACT
Christie Thomas
757-380-2104
[email protected]
 
Brooke Hart
202-264-7108
[email protected]

NEWPORT NEWS, Va., March 11, 2022 — Global engineering and defense technologies provider HII (NYSE:HII) announced today that Paul C. Harris has been appointed executive vice president and chief sustainability and compliance officer, reporting directly to HII President and CEO Chris Kastner on matters of sustainability.

The move expands the scope of responsibilities for Harris, who has served as HII’s chief compliance officer since 2020. In his new role he will oversee the company’s ongoing efforts to formalize and mature its strategy-driven environmental, social and governance program, in addition to overseeing matters of compliance.

“Paul has demonstrated true leadership in enhancing our culture of ethics and compliance at HII,” Kastner said. “We see sustainability as important to long-term growth, built around our values and commitments to our employees, customers and shareholders. I am confident Paul’s leadership will ensure we are making meaningful, measurable progress on environmental, social and governance initiatives and communicating clearly about them going forward.”

As HII’s corporate vice president and chief compliance and privacy officer, Harris is responsible for working with leaders within the law department and throughout the enterprise to advance HII’s compliance strategy and execution objectives. Additionally, he manages a team of experienced compliance and privacy counsel, which provide legal advice and guidance to senior management. Harris reports to HII’s general counsel on matters of compliance.

Harris Paul Hero
Paul C. Harris

Harris came to HII from Hampton University, his alma mater, where he served as senior vice president. After serving in the U.S. Army’s 10th Mountain Division, he received his juris doctorate from George Washington University Law School in 1995. In 1997, Harris was elected to Virginia’s House of Delegates, where he served for four years. He later worked for the U.S. Department of Justice, where he served as deputy associate attorney general and deputy assistant attorney general of the civil division, torts branch. He then rejoined the private sector, where he held compliance-related positions of increasing authority at several global companies, including Raytheon, Northrop Grumman and Sodexo.

HII is a global engineering and defense technologies provider. With a 135-year history of trusted partnerships in advancing U.S. national security, HII delivers critical capabilities ranging from the most powerful and survivable naval ships ever built, to unmanned systems, ISR and AI/ML analytics. HII leads the industry in mission-driven solutions that support and enable a networked, all-domain force. Headquartered in Virginia, HII’s skilled workforce is 44,000 strong. For more information, visit:

MEDIA CONTACT
Kimberly Aguillard
(202) 580-9086
[email protected]

Paul Harris

Paul Harris is HII’s corporate vice president and chief compliance and privacy officer.

Mar 11, 2022

NEWPORT NEWS, Va., Feb. 22, 2022 — Global engineering and defense technologies provider HII (NYSE:HII) announced today that seven employees from its Newport News Shipbuilding and Ingalls Shipbuilding divisions were recognized for achievements in the science, technology, engineering and math fields during the 36th annual Black Engineer of the Year Award STEM Global Competitiveness Conference.

“These employees represent the best of the best in STEM innovation,” said Edmond Hughes, Ingalls’ vice president, human resources and administration. “Their contributions enhance the capabilities and technologies HII delivers to our customers, and ultimately these engineers strengthen America’s national security.”

Six HII employees received the Modern Day Technology Leader award, which recognizes efforts in shaping the future of engineering, science and technology. They are:

  • Alonzo Smith, manager process improvement, Newport News Shipbuilding
  • Cainesha Holloway, engineer nuclear, Newport News Shipbuilding
  • Eric Scott, manager engineering, Newport News Shipbuilding
  • Randie Dyess, engineering technician, Newport News Shipbuilding
  • Tania Johnson, chief electrical engineer, Ingalls Shipbuilding
  • William Johnson, electrical engineer, Ingalls Shipbuilding
Beya+awards+2022 Thmb
Huntington Ingalls Industries proudly congratulates our 2022 BEYA award winners.

One other employee received the career achievement industry award, which recognizes significant achievements for engineering in industry and performance as a role model and mentor for minorities in technology. She is:

  • Thomasina Wright, director programs, Newport News Shipbuilding

A photo accompanying this release is available at: 

https://newsroom.huntingtoningalls.com/file/beya-awards-2022.

“It is great to recognize these accomplished STEM recipients,” said Xavier Beale, vice president of trades at Newport News Shipbuilding. “Their contributions and talent have a real impact on shaping not only technology, but the shipbuilding team around them.”

HII is a global engineering and defense technologies provider. With a 135-year history of trusted partnerships in advancing U.S. national security, HII delivers critical capabilities ranging from the most powerful and survivable naval ships ever built, to unmanned systems, ISR and AI/ML analytics. HII leads the industry in mission-driven solutions that support and enable a networked, all-domain force. Headquartered in Virginia, HII’s skilled workforce is 44,000 strong. For more information, visit:

MEDIA CONTACT
Danny Hernandez
Director of Public Affairs
(202) 580-9086
[email protected]

NEWPORT NEWS, Va., Feb. 17, 2022 — Global engineering and defense technologies provider HII (NYSE:HII) ranked #11 among large companies on the list of America’s Best Employers for 2022, published this month in Forbes magazine. According to Forbes, HII’s ranking represents the biggest jump of any large company on the list, rising from number 387 last year. HII is also the only aerospace and defense contractor within the top 40 large companies on the list.

The America’s Best Employers list is based on views of 60,000 Americans surveyed anonymously. Respondents were asked to rate companies on factors such as working conditions, development opportunities, compensation, and how likely they’d be to recommend their employer. Forbes partnered with the market research company Statista to identify the companies; HII played no role in the survey methodology, identification of respondents or compilation of results.“I’ve always said and I truly believe we’re in the workforce development business,” said Mike Petters, president and CEO of HII. “In all my years with this company, and the last 11 leading HII, I’ve found that if you take care of employees just about everything else takes care of itself.”

At 44,000 strong, HII’s workforce unites diverse backgrounds and skill sets, from pipe fitters to nuclear physicists to software coders. Nearly a quarter of HII’s workforce has been with the company at least 25 years, and more than 1,600 workers have been employed for at least 40 years. Additionally, HII hires, trains and upskills more than 5,000 workers each year.

Forbes Us Be2022 Logo Hii Hero

While offering best-in-class benefits to its employees, HII also invests in nurturing its talent pipeline, spending $100 million each year on workforce development, including the shipbuilding apprentice schools in Virginia and Mississippi and a tuition reimbursement program that promotes continued education among existing employees.

With the long-term health and welfare of the defense industrial base in mind, the company supports the HII Scholarship Fund, offering employees subsidies for childcare. The company also supports the Maritime Training Academy, middle school science, technology, engineering and math mentorship and other education-related initiatives in support of the future workforce.

In addition, HII invests in the communities where employees live and work. In 2021 the company contributed more than $6 million in charitable giving to the United Way, American Red Cross and American Heart Association, among other nonprofit and charitable organizations.

HII is a global engineering and defense technologies provider. With a 135-year history of trusted partnerships in advancing U.S. national security, HII delivers critical capabilities ranging from the most powerful and survivable naval ships ever built, to unmanned systems, ISR and AI/ML analytics. HII leads the industry in mission-driven solutions that support and enable a networked, all-domain force. Headquartered in Virginia, HII’s skilled workforce is 44,000 strong. For more information, visit:

MEDIA CONTACTS
Danny Hernandez
Director of Public Affairs
(202) 580-9086
[email protected]

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Window: 9 a.m.-1 p.m. EST on Saturday, Nov. 19

Note: The six minute video that begins the ceremonial keel laying for Arkansas (SSN 800) includes copyrighted materials from HII/Newport News Shipbuilding and others.

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