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Category: HII CORPORATE

NEWPORT NEWS, Va., (Feb. 10, 2023) — Global all-domain defense provider HII (NYSE: HII) announced today that seven employees from its Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies divisions were recognized for achievements in the science, technology, engineering and math fields during the 37th annual Black Engineer of the Year Award (BEYA) STEM Conference. The conference took place this week at the Gaylord Convention Center in National Harbor, Maryland.

“I am incredibly proud of these employees for setting the example of excellence across the company,” said Chris Kastner, HII president and CEO, who attended the conference. “There is a special energy in that ballroom among people who feel seen, respected and valued for their work. To our winners I say thank you, and congratulations!”   

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

Preshus Boone, engineer mechanical, Newport News Shipbuilding

Marcus Jackson, engineer mechanical, Newport News Shipbuilding

Ryan Jenkins, engineer mechanical, Newport News Shipbuilding

Isaiah Green, project manager, Mission Technologies

Dillan St. Clair, nuclear engineer, Mission Technologies

Two other employees received the Science Spectrum Trailblazer award, which recognizes efforts in creating new paths for others in science, research, technology and development. They are:

DeLaurence “Randy” Johnson, chief engineer director, Ingalls Shipbuilding

Cliftoria Stokes, engineer, Mission Technologies

Jennifer Boykin, president of Newport News Shipbuilding, was a speaker during the awards presentation. Boykin shared that these seven employees are exceptional leaders who model the integrity and quality of the HII team.

“It’s an honor to recognize these employees and represent all of HII,” Boykin said. “Our work is challenging, complex work, work we can only accomplish through the power of diversity. Our backgrounds, experiences and even our personalities influence our perspectives. It is this diversity that enables us to engineer, build and overhaul the most complex ships on earth. We innovate and we transform when we embrace all that is different and I’m excited to share that we’re experiencing a transformation across our business today.”

Additionally, for the first time at BEYA, HII displayed Mission Technologies and Newport News Shipbuilding workforce training capabilities. Using the shipyard’s digital shipbuilding mobile experience trailer, BEYA attendees were able to experience first-hand tools being used by HII’s next generation workforce. Sharing the digital transformation taking place within HII, attendees experienced the visual work instructions on tablets, welding simulator, unmanned craft modelling and simulation, submarine engineering, and virtual reality and augmented reality.

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About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 43,000 strong. For more information, visit:

HII at BEYA 2023
HII at BEYA 2023
MEDIA CONTACT
Danny Hernandez
[email protected]
(202) 580-9086
 
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  • Revenues were $2.8 billion in the fourth quarter, $10.7 billion in 2022
  • Diluted earnings per share was $3.07 in the fourth quarter, $14.44 in 2022
  • Cash from operations was $766 million, and free cash flow1 was $494 million in 2022
  • Reaffirms 5-year free cash flow1 target and provides FY23 guidance

Read below for HII’s fourth quarter and full year 2022 results. 

Download the pdf

MEDIA CONTACT
Brooke Hart (Media)
[email protected]
(202) 264-7108
 
Christie Thomas (Investors)
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(757) 380-2104
 
 
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NEWPORT NEWS, Va. (Feb. 8, 2023) — HII (NYSE: HII) will participate in Cowen’s Aerospace/Defense & Industrials Conference on Feb. 15. A conversation with HII President and Chief Executive Officer Chris Kastner will begin at 10:45 a.m. Eastern time and will be webcast on ir.hii.com.

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 43,000 strong. For more information, 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, including cost increases due to inflation, 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; our ability to attract, retain and train a qualified workforce; disruptions impacting global supply, including those attributable to the COVID-19 pandemic and those resulting from the ongoing conflict between Russia and Ukraine; 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 (Media)
202-264-7108
 
Christie Thomas (Investors) 
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NEWPORT NEWS, Va. (Jan. 31, 2023) — HII (NYSE: HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.24 per share, payable on March 10, 2023, to shareholders of record as of the close of business on Feb. 24, 2023.

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About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 43,000 strong. For more information, visit:

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



General Inquiries:
[email protected]
Sign Up For Email Alerts

NEWPORT NEWS, Va., (Jan. 30, 2023) — Global all-domain defense provider HII (NYSE: HII) announced today that Eric Chewning, former chief of staff to the U.S. Secretary of Defense and deputy assistant secretary for industrial policy, is joining HII as executive vice president, Strategy & Development, reporting directly to HII President and CEO Chris Kastner. Chewning assumes the role on Jan. 30.

Chewning joins HII as it grows its customer set across the armed forces and executes on its significant shipbuilding backlog for its primary customer, the U.S. Navy. HII is the nation’s only builder of aircraft carriers and its largest military shipbuilder; among defense technology distinctions it is the world’s largest producer of unmanned underwater vehicles, the largest aggregator of cyber data across the U.S. Department of Defense, and sole developer and operator of the department’s largest LVC (live, virtual and constructive) training enterprise that leverages artificial intelligence to maximize readiness while reducing costs.

With 20 years of experience in national security markets, Chewning will guide HII’s corporate strategy, including identifying new opportunities for growth, cross-division collaboration, and potential investment.

“HII has a unique opportunity to continue to deliver the proven capabilities our Navy urgently needs, while leading the way on technologies that strengthen and connect the services into the force of the future,” Kastner said. “Eric has the depth of experience and vision to harness the breadth of HII’s talent and resources and advance that mission in service of the nation.”

“HII is an exceptional defense partner, with a storied 135-year history of providing essential capabilities for America’s and allied warfighters. It is a keystone within our national security innovation base, a major American manufacturer, and vital contributor to the day-to-day mission of advancing U.S. national security,” Chewning said. “This is a mission worthy of all of our best efforts, and I am honored and excited to join this driven and committed leadership team.”

Most recently Chewning was the Americas co-lead for the aerospace and defense practice at McKinsey & Company. A former U.S. Department of Defense senior official, he served as the chief of staff to the Secretary of Defense, advising on all policy, operational, personnel, and budgetary matters, and driving senior leaders towards execution of the national defense strategy. Prior to that role, Chewning served as deputy assistant secretary of defense for industrial policy, where he was the principal advisor on defense industrial base and supply chain issues for the secretary.

Chewning enlisted in the U.S. Army after 9/11. He is a former military intelligence officer and veteran of Operation Iraqi Freedom. Prior to his military service, he was an investment banker at Morgan Stanley, where he focused on corporate finance and merger and acquisitions in the global industrials sector.

Chewning received an MBA from the University of Virginia’s Darden School of Business where he was recognized as a Shermet Scholar. He also earned an M.A. in international relations and B.A. with honors from University of Chicago. He is a life member of the Council on Foreign Relations.

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About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 43,000 strong. For more information, visit:

Eric Chewning
MEDIA CONTACT
Greg McCarthy
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NEWPORT NEWS, Va., (Jan. 24, 2023) — HII (NYSE: HII) announced today that Chris Soong has been promoted to executive vice president and chief information officer. Soong, previously the CIO at HII’s Mission Technologies division, will replace Bharat Amin, who will retire on March 31 after nearly a decade of service with the company.

In this position, Soong will be responsible for establishing the company’s information technology and digital strategic direction with a focus on cyber security capabilities. In collaboration with the business units, Soong will lead corporate IT governance and provide functional oversight. He assumes his new role on April 1 and will report to HII President Chris Kastner.

“I want to thank Bharat for his leadership as HII’s first companywide CIO, specifically in the area of cyber security,” Kastner said. “Going forward, Chris has the experience and familiarity to hit the ground running and ensure a streamlined, secure digital infrastructure that supports the business and adds value for our key stakeholders.”

Soong joined HII with the acquisition of Alion Science and Technology, where he served as CIO and senior vice president overseeing all aspects of the Corporate Information Technology group. He brings more than 25 years of experience in the IT industry and has held leadership positions at several Fortune 500 companies, including Booz Allen Hamilton and Sprint.

Soong holds a bachelor’s degree in civil engineering from Virginia Tech. He has a leadership certificate from the University of Maryland and participated in the CIO Institute at the Massachusetts Institute of Technology’s Sloan School of Management. Soong was named the Corporate Category winner of the 2020 Capital CIO of the Year ORBIE Awards and was recognized as “One to Watch” by CIO Magazine and “Outstanding 50 Asian Americans in Business” by the Asian American Business Development Center.

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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:

MEDIA CONTACT
Danny Hernandez
[email protected]
(202) 580-9086
 
General Inquiries:
[email protected]
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NEWPORT NEWS, Va. (Jan. 12, 2023) — HII (NYSE:HII) will release its fourth quarter 2022 financial results on Thursday, Feb. 9 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 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:

MEDIA CONTACT
Brooke Hart (Media)
[email protected]
(202) 264-7108
 
Christie Thomas (Investors)
[email protected]
(757) 380-2104
General Inquiries:
[email protected]
Sign Up For Email Alerts

Some of the employees from HII’s office near the Navy Yard, in Washington, D.C., will move to a new space at National Landing in Arlington, Virginia, in summer of 2023. 

HII will retain office space in the Navy Yard to facilitate the close working relationship with HII’s largest customer, the U.S. Navy. HII’s corporate headquarters will remain at the VASCIC building in Newport News, Virginia.

The new space in National Landing (shown in this rendering) enhances HII’s presence in the national capital region and enables better access to a wider set of customers across the services. The new location is minutes away from the Pentagon, Department of Defense and Reagan National Airport which facilitates quick travel with HII’s divisions, customers and stakeholders.

You can read more in the Commercial Observer.  

NEWPORT NEWS, Va., (Oct. 14, 2022) – Global all-domain defense partner HII (NYSE: HII) this week recognized four employees from the company’s three divisions and company headquarters with the inaugural Compass Award for Compliance, for advancing HII’s culture of ethics and compliance. A recognition ceremony was held Thursday.

“The demonstrated performance of these employees has positively impacted the way our company operates and ultimately the quality we deliver to the customer,” said Paul C. Harris, HII’s executive vice president and chief sustainability and compliance officer. “Each of them has enhanced the company’s compliance and ethical culture at multiple levels, which is critical to the long-term success of our company.”

This award will annually recognize one employee from each division and the HII headquarters for efforts in shaping the direction to reduce compliance risks. The first four HII employees to receive the 2022 Compass Award are:

  • Sandra Cross, director, international compliance office, HII Corporate
  • Tommy Cauthen, manager, industrial engineering, Ingalls Shipbuilding
  • Set Tikoyan, analyst, system application, Mission Technologies
  • Gary Zimak, director, supplier quality, Newport News Shipbuilding
Presentation Of Hii Compass Awards
Presentation of the 2022 HII Compass Award for Compliance. Pictured: Top row (left to right): Mission Technologies President Andy Green, Ingalls Shipbuilding President Kari Wilkinson, Newport News Shipbuilding President Jennifer Boykin and HII Chief Financial Officer Tom Stiehle. Bottom row (l to r): Mission Technologies awardee Set Tikoyan, Ingalls Shipbuilding awardee Tommy Cauthen, HII Chief Sustainability and Compliance Officer Paul C. Harris, Newport News Shipbuilding awardee Gary Zimak and HII Corporate awardee Sandra Cross

“During the ceremony, it was great to acknowledge their exceptional contributions that have improved processes or program excellence, while maintaining HII’s compliance with laws, standards or regulations,” Harris said. “Their leadership in the workplace has made a real impact on the company. As HII continues to grow geographically and in business diversity, the commitment they have displayed to comply with complex and mission-critical regulations is even more important for everyone in the company to ensure we get the hard stuff done right.”

The Compass Award is one of several initiatives in HII’s compliance program that keeps compliance and ethics at the forefront of HII employees’ minds. Recognition, combined with HII’s implementation of performance-related measures, such as incentives, encourages ethical and compliant behavior throughout the company. These efforts are part of the company’s commitment to performing with integrity and maintaining a robust compliance posture aligned with company values.

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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 44,000 strong. For more information, visit:

MEDIA CONTACT
Danny Hernandez
[email protected]
(202) 580-9086
 
General Inquiries:
[email protected]
Sign Up For Email Alerts

NEWPORT NEWS, Va. (Oct. 6, 2022) — HII (NYSE:HII) will release its third quarter 2022 financial results on Thursday, Nov. 3, 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 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]
(757) 380-2104
General Inquiries:
[email protected]
Sign Up For Email Alerts

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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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