Huntington Ingalls Industries

Huntington Ingalls Industries (HII) announced Tuesday it was adding the U.K.’s Westley Group as a strategic supplier to support the U.S. submarine industrial base under the AUKUS agreement. The announcement was made by the submarine manufacturer during day one of the Indo Pacific International Maritime Expo in Sydney, Australia. According to a release on HII’s […]

Huntington Ingalls Industries (HII) announced Tuesday it was adding the U.K.’s Westley Group as a strategic supplier to support the U.S. submarine industrial base under the AUKUS agreement. The announcement was made by the submarine manufacturer during day one of the Indo Pacific International Maritime Expo in Sydney, Australia. According to a release on HII’s […]

Huntington Ingalls Industries (HII) last Thursday Oct. 30 posted strong third quarter results on ample top and bottom-line performance at its shipbuilding operations combined with a solid contribution from the Mission Technologies segment. Net income jumped 44% to $145 million, $3.68 earnings per share (EPS), from $101 million ($2.56 EPS), handily topping consensus estimates by […]

KNOXVILLE, TENN. – Several executives with Department of Energy prime contractors said Wednesday morning that workforce gaps will need to be filled if they plan to meet the growing demand for nuclear energy and services. Panelists from across the DOE nuclear complex told attendees at the Energy, Technology and Environmental Business Association’s (ETEBA) Business Opportunities […]

KNOXVILLE, TENN. – Several executives with Department of Energy prime contractors said Wednesday morning that workforce gaps will need to be filled if they plan to meet the growing demand for nuclear energy and services. Panelists from across the DOE nuclear complex told attendees at the Energy, Technology and Environmental Business Association’s (ETEBA) Business Opportunities […]

The Australian government announced it was doubling its investment in a submarine supplier qualification pilot program that is helping companies qualify to enter the supply chain of the U.S. submarine industrial base. The Australian Submarine Supplier Qualification Pilot is specifically meant to provide more ways for Australian small and medium enterprises to access the American […]

The Australian government announced it was doubling its investment in a submarine supplier qualification pilot program that is helping companies qualify to enter the supply chain of the U.S. submarine industrial base. The Australian Submarine Supplier Qualification Pilot is specifically meant to provide more ways for Australian small and medium enterprises to access the American […]

Huntington Ingalls Industries (HII) announced Oct. 7 that its Newport News Shipbuilding (NNS) division completed initial sea trials for the Virginia-class attack submarine Massachusetts (SSN 798). The tests, done by the Navy and NNS, included submerging the submarine for its first time and conducting high-speed maneuvers, both submerged underwater and on the surface. The tests […]

Huntington Ingalls Industries (HII) announced Oct. 7 that its Newport News Shipbuilding (NNS) division completed initial sea trials for the Virginia-class attack submarine Massachusetts (SSN 798). The tests, done by the Navy and NNS, included submerging the submarine for its first time and conducting high-speed maneuvers, both submerged underwater and on the surface. The tests […]

U.S. Navy shipbuilder Huntington Ingalls Industries (HII) and enterprise AI application software company C3.ai, Inc. have expanded their partnership aimed at accelerating shipbuilding throughput. In a June 30 announcement, the companies said the new agreement expands their preexisting partnership to now integrate artificial intelligence (AI) solutions across shipbuilding operations like planning, operations, supply chain, labor […]

U.S. Navy shipbuilder Huntington Ingalls Industries (HII) and enterprise AI application software company C3.ai, Inc. have expanded their partnership aimed at accelerating shipbuilding throughput. In a June 30 announcement, the companies said the new agreement expands their preexisting partnership to now integrate artificial intelligence (AI) solutions across shipbuilding operations like planning, operations, supply chain, labor […]

Huntington Ingalls Industries on Thursday posted first quarter declines in its top and bottom-lines driven by lower sales across the company’s operating segments, and higher interest expense and taxes. Net income fell nearly 3% to $149 million, $3.79 earnings per share (EPS), from $153 million ($3.87 EPS) a year ago. The results handily topped consensus […]

The CEO of Huntington Ingalls Industries recently downplayed how much impact President Donald Trump ’s 25% aluminum and steel tariffs would have on the shipbuilding supply chain.  Huntington Ingalls Industries (HII) CEO Chris Kastner also said adding Australian suppliers to submarine production under the AUKUS agreement will help bolster a fragile supply chain. He argued […]

The CEO of Huntington Ingalls Industries recently downplayed how much impact President Donald Trump ’s 25% aluminum and steel tariffs would have on the shipbuilding supply chain.  Huntington Ingalls Industries (HII) CEO Chris Kastner also said adding Australian suppliers to submarine production under the AUKUS agreement will help bolster a fragile supply chain. He argued […]

The Government Accountability Office said last week that the National Nuclear Security Administration and six of its management and operating contractors incorrectly reported small business contracts awarded in fiscal 2018-2022. According to a report released by the Government Accountability Office (GAO) March 13, the National Nuclear Security Administration (NNSA) awarded $1.1 billion of its $16.8 […]

The Australian government published a new submarine strategy March 7 that called for investing $19 billion over 30 years to support future AUKUS nuclear-powered submarines with a domestic industrial base. “The scale, complexity and technology requirements of the program also mean the Australian Submarine Industrial Base will need to work with trusted United Kingdom and […]

The Huntington Ingalls-led Department of Energy contractor in charge of remediating legacy waste at the Los Alamos National Laboratory in New Mexico has finished excavating and cutting down to size corrugated metal pipes long buried at Technical Area 54. That is according to an update this week from Newport News Nuclear BWXT Los Alamos (N3B) […]

Huntington Ingalls Industries Thursday reported a steep fourth-quarter decline in earnings driven by lower performance in construction of attack submarines and new aircraft carriers. Net income in the quarter tumbled 55% to $123 million, $3.15 earnings per share, from $274 million ($6.90 earnings per share) a year ago, short of consensus estimates by 13 cents […]

Huntington Ingalls Industries said Monday it closed its acquisition of the assets of W International, bringing in-house a supplier of submarine structures, modules, and assemblies that struggled to meet the Navy’s needs. Terms of the deal, first announced in early December, were not disclosed. Huntington Ingalls Industries’s (HII) Newport News Shipbuilding-Charleston Operations site in Goose […]

Huntington Ingalls Industries said Monday it closed its acquisition of the assets of W International, bringing in-house a supplier of submarine structures, modules, and assemblies that struggled to meet the Navy’s needs. Terms of the deal, first announced in early December, were not disclosed. Huntington Ingalls Industries’s (HII) Newport News Shipbuilding-Charleston Operations site in Goose […]

The CEO of shipbuilder Huntington Ingalls Industries said the incoming Trump administration is likely more receptive to a plan developed by the Navy and industry to improve shipyard wages and quicken submarine production. Huntington Ingalls Industries (HII) CEO Chris Kastner told reporters Jan. 9 during a roundtable ahead of the Surface Navy Association’s annual symposium […]

In a bid to increase capacity and accelerate production of submarines for the Navy, Huntington Ingalls Industries has agreed to acquire the assets of W International. W International is a 500-employee strong metal fabricator that already supports the submarine industrial base with structures, modules, and assemblies. The deal for the South Carolina-based company is expected […]

Huntington Ingalls Industries’ strong momentum in 2024 came to a halt in the third quarter due to challenges in shipbuilding and notably delays in an award from the Navy for submarine work. Net income in the quarter slid 32% to $101 million, or $2.56 earnings a share from $148 million or $3.70 a share a […]

Huntington Ingalls Industries Wednesday named Kari Wilkinson, currently president of the company’s Ingalls Shipbuilding segments, as the incoming president of its nuclear shipbuilding operations in Virginia effective Jan. 1, 2025. The Newport News segment is HII’s largest, generating $6.1 billion in sales in 2023. Newport News has more than 26,000 shipbuilders. The business builds and […]

Huntington Ingalls Industries Wednesday named Kari Wilkinson, currently president of the company’s Ingalls Shipbuilding segments, as the incoming president of its nuclear shipbuilding operations in Virginia effective Jan. 1, 2025. The Newport News segment is HII’s largest, generating $6.1 billion in sales in 2023. Newport News has more than 26,000 shipbuilders. The business builds and […]

Huntington Ingalls Industries’ strong momentum in 2024 came to a halt in the third quarter due to challenges in shipbuilding and notably delays in an award from the Navy for submarine work. Net income in the quarter slid 32% to $101 million, or $2.56 earnings a share from $148 million or $3.70 a share a […]

Publicly-traded companies involved with Department of Energy nuclear programs were not exempt from Monday’s stock market nosedive, although most rallied by the close of trading Thursday. Companies that are big players in both the DOE Office of Environmental Management and National Nuclear Security Administration (NNSA) and Office of Nuclear Energy posted per-share declines on Monday, […]

Publicly-traded companies involved with Department of Energy nuclear programs were not exempt from Monday’s stock market nosedive, although most rallied by the close of trading Thursday. Companies that are big players in both the DOE Office of Environmental Management and National Nuclear Security Administration (NNSA) and Office of Nuclear Energy posted per-share declines on Monday, […]

Huntington Ingalls Industries on Thursday posted what it called strong second quarter results driven by gains at its Mission Technologies segment with help from shipbuilding operations. Huntington Ingalls Industries’ (HII) net income in the second quarter rose 33% to $173 million, or $4.38 a share, from $130 million, or $3.27 a share, a year ago, […]

Immigration reform is needed to expand the defense and shipbuilding industrial bases and workforces build submarines faster, the chairman of the Senate Armed Services seapower committee said Friday. “The U.S. birth rate is not growing, and even if it started growing tomorrow, we wouldn’t see it for 20 years,” Sen. Tim Kaine (D-Va.) said during […]