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HII Successfully Completes Builder’s Sea Trials for Destroyer Jack H. Lucas (DDG 125)
PASCAGOULA, Miss. (Dec. 19, 2022) — HII’s (NYSE:HII) Ingalls Shipbuilding division announced today the successful completion of the initial builder’s sea trials for guided missile destroyer Jack H. Lucas (DDG 125). The Arleigh Burke-class destroyer spent several days in the Gulf of Mexico with Ingalls’ test and trials team operating the ship and performing an
HII Begins Fabrication of Destroyer Sam Nunn (DDG 133)
PASCAGOULA, Miss., (Dec. 15, 2022) — HII’s (NYSE: HII) Ingalls Shipbuilding division started fabrication of the U.S. Navy’s newest Arleigh Burke-class (DDG 51) destroyer Sam Nunn (DDG 133) on Monday. The start of fabrication signifies that the shipyard is ready to move forward with the construction of the ship and that the first 100 tons
HII Hosts Marine Corps Commandant Gen. David H. Berger at Ingalls Shipbuilding
PASCAGOULA, Miss., (Dec. 13, 2022) — HII’s (NYSE:HII) Ingalls Shipbuilding division hosted Gen. David H. Berger, the 38th commandant of the U.S. Marine Corps, on Monday. Berger met with Ingalls leadership and toured the shipyard, including two amphibious ships currently under construction, Bougainville (LHA 8) and Richard M. McCool Jr. (LPD 29). “We value the
HII Elects Leo Denault to Board of Directors
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
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 Read below for HII’s third quarter 2022 results.