Newport News Shipbuilding

HII Reports First Quarter 2023 Results

Retrieved on:

Thursday, May 4, 2023

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Record first quarter revenues of $2.7 billion, up 3.8% compared to first quarter 2022

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Record first quarter revenues of $2.7 billion, up 3.8% compared to first quarter 2022
NEWPORT NEWS, Va., May 04, 2023 (GLOBE NEWSWIRE) -- HII (NYSE:HII) reported first quarter 2023 revenues of $2.7 billion, up 3.8% from the first quarter of 2022, driven by growth at Newport News Shipbuilding and Mission Technologies.
Operating income in the first quarter of 2023 was $141 million and operating margin was 5.3%, compared to $138 million and 5.4%, respectively, in the first quarter of 2022.
Segment operating income2 in the first quarter of 2023 was $156 million and segment operating margin2 was 5.8%, compared to $176 million and 6.8%, respectively, in the first quarter of 2022.
New contract awards in the first quarter of 2023 were approximately $2.6 billion, bringing total backlog to approximately $47.0 billion as of March 31, 2023.

InSync Training Attends Christening of USS MASSACHUSETTS

Retrieved on:

Tuesday, May 2, 2023

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NEWPORT NEWS, Va., May 2, 2023 /PRNewswire-PRWeb/ -- InSync Training, a leading provider of virtual training and development services, is proud to announce their attendance at the christening of the USS MASSACHUSETTS in Newport News. The event will take place on Saturday, May 6th, 2023, at 11:00am ET.

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InSync Training, a leading provider of virtual training and development services, is proud to announce their attendance at the christening of the USS MASSACHUSETTS in Newport News.
NEWPORT NEWS, Va., May 2, 2023 /PRNewswire-PRWeb/ -- InSync Training, a leading provider of virtual training and development services, is proud to announce their attendance at the christening of the USS MASSACHUSETTS in Newport News.
At InSync Training, we strongly support the USS MASSACHUSETTS Commissioning Committee's mission to provide sustainable support to the crews and families of the Commonwealth's namesake submarine.
As a donor, we are proud to contribute to this important cause and to stand with Massachusetts residents and friends of the USS MASSACHUSETTS.

HII is Awarded Contract Modification for Columbia-Class Ballistic Missile Submarines

Retrieved on:

Tuesday, April 11, 2023

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NEWPORT NEWS, Va., April 11, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Newport News Shipbuilding division has been awarded a $567.6 million subcontract modification from General Dynamics Electric Boat to provide long-lead-time material and advance construction activities for Columbia-class ballistic missile submarines.

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NEWPORT NEWS, Va., April 11, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Newport News Shipbuilding division has been awarded a $567.6 million subcontract modification from General Dynamics Electric Boat to provide long-lead-time material and advance construction activities for Columbia-class ballistic missile submarines.
HII is currently under contract for construction of submarine modules for Build I, the first two submarines in the class: District of Columbia (SSBN 826) and Wisconsin (SSBN 827).
The advance procurement funds from this subcontract modification, awarded April 4, will allow NNS to purchase major components and commodity material and to begin advance construction on Build II, the next five submarines in the class.
“This contract modification underscores the critical manufacturing work our shipbuilders do for the U.S. Navy, as major contributors to the Columbia-class,” said Brandi Smith, NNS vice president for Columbia-class construction.

PyroGenesis Receives $700,000 Purchase Order for Three Plasma Torches

Retrieved on:

Tuesday, March 21, 2023

The three plasma torches ordered are for the USS Gerald R. Ford aircraft carrier, the largest and most technologically advanced warship ever built1, valued at approximately $13 billion.

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The three plasma torches ordered are for the USS Gerald R. Ford aircraft carrier, the largest and most technologically advanced warship ever built1, valued at approximately $13 billion.
The plasma torches are to be used in PyroGenesis’ proprietary Plasma Arc Waste Destruction System (“PAWDS”) that the Company previously built and delivered to the US Navy.
Following the mission’s successful completion, Newport News Shipbuilding – the sole designer and builder of US Navy aircraft carriers – ordered the three additional plasma torches as well as ancillary components.
“We are proud that PyroGenesis continues to be a supplier of choice for ultra-high temperature waste destruction solutions on US Navy aircraft carriers,” said Mr. P. Peter Pascali, CEO of PyroGenesis.

HII Celebrates 200 Graduates of The Newport News Shipbuilding Apprentice School

Retrieved on:

Saturday, March 18, 2023

NEWPORT NEWS, Va., March 18, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted commencement exercises today, celebrating 200 graduates of the company’s Apprentice School at Newport News Shipbuilding (NNS).

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NEWPORT NEWS, Va., March 18, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted commencement exercises today, celebrating 200 graduates of the company’s Apprentice School at Newport News Shipbuilding (NNS).
"Newport News Shipbuilding graduates: You build America, you run America, you are the backbone of America, and we are so proud of you,” Youngkin said.
“As Governor of Virginia, it's never been clearer that the road to American exceptionalism runs right through your classrooms and dry docks.
The Apprentice School accepts more than 200 apprentices per year.

HII Receives Additive Manufacturing Approval from Naval Sea Systems Command

Retrieved on:

Tuesday, March 7, 2023

NEWPORT NEWS, Va., March 07, 2023 (GLOBE NEWSWIRE) -- Global all-domain defense partner HII (NYSE: HII) announced today that its Newport News Shipbuilding division recently received approval as a vendor to provide some additive manufacturing components to Naval Sea Systems (NAVSEA) platforms.

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NEWPORT NEWS, Va., March 07, 2023 (GLOBE NEWSWIRE) -- Global all-domain defense partner HII (NYSE: HII) announced today that its Newport News Shipbuilding division recently received approval as a vendor to provide some additive manufacturing components to Naval Sea Systems (NAVSEA) platforms.
The certification enables NNS to use additive manufacturing, or 3D printing, to fabricate pipefittings or other potential components for use on aircraft carriers, submarines and other NAVSEA platforms.
“Our continued advances in additive manufacturing are revolutionizing naval engineering and shipbuilding.
NNS is also pursuing approvals that will enable broader use and implementation of additive manufacturing across the naval enterprise.

HII Hosts Chief of Naval Operations Adm. Michael Gilday at Newport News Shipbuilding

Retrieved on:

Friday, March 3, 2023

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NEWPORT NEWS, Va., March 03, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted Chief of Naval Operations Adm. Michael Gilday for a visit to the company’s Newport News Shipbuilding division on Thursday during a scheduled visit to Hampton Roads.

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NEWPORT NEWS, Va., March 03, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted Chief of Naval Operations Adm. Michael Gilday for a visit to the company’s Newport News Shipbuilding division on Thursday during a scheduled visit to Hampton Roads.
While in Newport News, Gilday met with NNS leadership and toured the shipyard.
“We are always grateful to have Adm. Gilday spend time at the shipyard,” NNS President Jennifer Boykin said.
“We understand the Navy's national security mission starts right here, in our dry docks, at our piers and on the design tools.

Innovation Lab is Bringing HII Technology to the Next Generation of Shipbuilders

Retrieved on:

Tuesday, February 28, 2023

NEWPORT NEWS, Va., Feb. 28, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division is harnessing the power of technology as it recruits the next generation of shipbuilders.

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NEWPORT NEWS, Va., Feb. 28, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division is harnessing the power of technology as it recruits the next generation of shipbuilders.
The Ray Bagley Innovation Lab is part of The Newport News Shipbuilding Apprentice School.
On Feb. 17, the Innovation Lab was dedicated in honor of Ray Bagley, retired vice president of trades operations at NNS.
HII, Verizon and BayPort Credit Union all have provided financial support for the Ray Bagley Innovation Lab.

HII Hosts Members of Virginia’s Congressional Delegation at Newport News Shipbuilding

Retrieved on:

Wednesday, February 22, 2023

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NEWPORT NEWS, Va., Feb. 22, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division hosted U.S. Reps. Bobby Scott, D-Va.; Rob Wittman, R-Va.; and Jen Kiggans, R-Va.; Tuesday for a meeting with NNS leadership and a shipyard tour.

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NEWPORT NEWS, Va., Feb. 22, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division hosted U.S. Reps. Bobby Scott, D-Va.; Rob Wittman, R-Va.; and Jen Kiggans, R-Va.; Tuesday for a meeting with NNS leadership and a shipyard tour.
“We are grateful our congressional partners took the time to see the incredible work our shipbuilders do in service of the nation,” NNS President Jennifer Boykin said.
“This was a great opportunity to continue our strong relationship with Reps. Scott and Wittman, and welcome our newest lawmaker, Rep. Kiggans.
They also witnessed how NNS is innovating with technology, including fixture-based manufacturing, to increase efficiencies across the shipyard.

HII Employees Honored at 37th annual Black Engineer of the Year (BEYA) Award STEM Conference

Retrieved on:

Saturday, February 11, 2023

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“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.

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“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.
Boykin shared that these seven employees are exceptional leaders who model the integrity and quality of the HII team.