HII

HII Hosts U.S. State Department Official at Newport News Shipbuilding

Retrieved on: 
Thursday, November 16, 2023

NEWPORT NEWS, Va., Nov. 16, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted the U.S. Department of State Under Secretary for Arms Control and International Security at its Newport News Shipbuilding division today.

Key Points: 
  • NEWPORT NEWS, Va., Nov. 16, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted the U.S. Department of State Under Secretary for Arms Control and International Security at its Newport News Shipbuilding division today.
  • Ambassador Bonnie Jenkins leads the Department of State efforts in support of the trilateral Australia, United Kingdom and United States (AUKUS) partnership implementation.
  • She met with NNS leadership and visited shipyard facilities that support construction of Virginia-class nuclear-powered attack submarines.
  • Additionally, Ambassador Jenkins participated in a tour and discussion at the Newport News Shipbuilding Apprentice School that focused on HII’s workforce development expertise.

HII Begins Fabrication of Destroyer Thad Cochran (DDG 135)

Retrieved on: 
Thursday, November 16, 2023

PASCAGOULA, Miss., Nov. 16, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division started fabrication of the U.S. Navy’s newest Arleigh Burke-class (DDG 51) destroyer Thad Cochran (DDG 135) on Monday.

Key Points: 
  • PASCAGOULA, Miss., Nov. 16, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division started fabrication of the U.S. Navy’s newest Arleigh Burke-class (DDG 51) destroyer Thad Cochran (DDG 135) 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 of steel have been cut.
  • “Our shipbuilders are proud to begin construction on the newest Flight III destroyer,” Ingalls Shipbuilding DDG Program Manager Ben Barnett said.
  • With the addition of Thad Cochran, Ingalls now has five Flight III destroyers under construction including Ted Stevens (DDG 128), Jeremiah Denton (DDG 129), George M. Neal (DDG 131) and Sam Nunn (DDG 133).

HII Celebrates National Apprenticeship Week

Retrieved on: 
Monday, November 13, 2023

NEWPORT NEWS, Va., Nov. 13, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII), America’s largest military shipbuilder and provider of all-domain defense solutions, is celebrating National Apprenticeship Week.

Key Points: 
  • NEWPORT NEWS, Va., Nov. 13, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII), America’s largest military shipbuilder and provider of all-domain defense solutions, is celebrating National Apprenticeship Week.
  • Recognized by the U.S. Department of Labor, National Apprenticeship Week this year runs Nov. 13-19.
  • “Apprenticeship programs are the foundation in our workforce development strategy and are significant to beginning a rewarding career within HII,” said Edmond Hughes, HII executive vice president and chief human resources officer.
  • To learn more about apprenticeship and career opportunities at HII, please visit www.HII.com .

HII Recognized as an Exemplary Veteran Employer

Retrieved on: 
Thursday, November 9, 2023

“I’m proud of our initiatives to recruit, hire and retain veterans at HII,” said Chris Kastner, president and CEO of HII.

Key Points: 
  • “I’m proud of our initiatives to recruit, hire and retain veterans at HII,” said Chris Kastner, president and CEO of HII.
  • Additionally, HII has dedicated veteran and military spouse recruiters and active veteran employee resource groups at all three divisions, and offers leadership development and integration assistance programs.
  • These initiatives at HII enhance the leadership skills of veteran employees during their employment and assist new veteran employees with opportunities for personal and professional development, mentoring and learning the culture.
  • HII is seeking dynamic, energetic retired or separated service members to support the three divisions within HII.

HII’s Newport News Shipbuilding Opens Additional Site in Norfolk

Retrieved on: 
Wednesday, November 8, 2023

NORFOLK, Va., Nov. 08, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Newport News Shipbuilding division has begun production at an additional campus in Norfolk to support the shipyard’s continued progress toward more effective and efficient shipbuilding.

Key Points: 
  • NORFOLK, Va., Nov. 08, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Newport News Shipbuilding division has begun production at an additional campus in Norfolk to support the shipyard’s continued progress toward more effective and efficient shipbuilding.
  • The Newport News Shipbuilding Norfolk Campus is located on land leased from Fairlead in the Lambert’s Point area, at a development known as Fairwinds Landing.
  • NNS shipbuilders have worked at the site for several months constructing steel panels that will eventually make up units of Gerald R. Ford-class aircraft carrier Enterprise (CVN 80).
  • NNS leadership and shipbuilders joined with city of Norfolk leaders, Navy officials and Fairlead leadership to mark the opening Monday.

HII Mission Technologies Hosts Fourth Annual Global Day of Caring

Retrieved on: 
Tuesday, November 7, 2023

MCLEAN, Va., Nov. 07, 2023 (GLOBE NEWSWIRE) --  HII’s (NYSE: HII) Mission Technologies division hosted its fourth annual Global Day of Caring on Saturday, Nov. 4.

Key Points: 
  • MCLEAN, Va., Nov. 07, 2023 (GLOBE NEWSWIRE) --  HII’s (NYSE: HII) Mission Technologies division hosted its fourth annual Global Day of Caring on Saturday, Nov. 4.
  • “At HII, we are committed to delivering the advantage to our nation’s warfighters and to the communities where our 44,000 employees live and work,” said Andy Green, executive vice president of HII and president of HII’s Mission Technologies division.
  • More community service events are ongoing, including a virtual blood drive for the American Red Cross and local food drives.
  • “It is giving time, care and service to a purpose that is greater than ourselves and in turn helping our community.”

Tri-lateral alliance set to address critical AUKUS workforce and skilling opportunities

Retrieved on: 
Monday, November 6, 2023

The AWA seeks to address the current and future workforce needs that are required to accelerate sovereign capability, capacity and resilience for Australia’s defense sector.

Key Points: 
  • The AWA seeks to address the current and future workforce needs that are required to accelerate sovereign capability, capacity and resilience for Australia’s defense sector.
  • The AUKUS Workforce Alliance will:
    Establish a proactive, innovative and internationally recognised platform for skill enhancement and leadership to support development of a sovereign, nuclear-powered submarine workforce in Australia.
  • Lead the development and execution of critical upskilling programs, focusing on harnessing the full potential of Australia’s industrial base.
  • This alliance will strengthen and broaden the university’s partnering with industry in developing the workforce for the nation’s naval shipbuilding enterprise.

HII’s Newport News Shipbuilding Continues Hiring Push with Community Events

Retrieved on: 
Friday, November 3, 2023

NEWPORT NEWS, Va., Nov. 03, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division continues to make progress in the area of workforce development acceleration, and is meeting hiring demand for skilled trades positions through community outreach efforts and on-site hiring events.

Key Points: 
  • NEWPORT NEWS, Va., Nov. 03, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division continues to make progress in the area of workforce development acceleration, and is meeting hiring demand for skilled trades positions through community outreach efforts and on-site hiring events.
  • Additionally, attendees were able to tour the shipyard’s digital shipbuilding mobile experience trailer, interacting with the tools used by HII’s next generation workforce.
  • “As we continue to make intentional investments to meet our hiring needs, community events like this are instrumental to that effort.
  • The shipyard is hosting “Walk-in Wednesday” trade hiring events every Wednesday through Dec. 13.

HII Features Platforms, People, Technologies in "Delivering the Advantage" Campaign

Retrieved on: 
Thursday, November 2, 2023

The leading provider of live, virtual, constructive (LVC) training for the U.S. military?

Key Points: 
  • The leading provider of live, virtual, constructive (LVC) training for the U.S. military?
  • The employer of more than 44,000 workers across 39 states, and the largest industrial employer in both Virginia and Mississippi?
  • The answer is HII (NYSE: HII), and a new targeted advertising campaign showcases the breadth of HII’s platforms, technologies and solutions across domains and services, in support of HII’s mission to deliver the advantage to its national defense customers.
  • “HII is dedicated to meeting the dynamic requirements of the U.S. Department of Defense and our international allies,” HII President and CEO Chris Kastner said.

HII Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 2, 2023

Record third quarter revenues of $2.8 billion, up 7.2% compared to third quarter 2022

Key Points: 
  • Record third quarter revenues of $2.8 billion, up 7.2% compared to third quarter 2022
    New contract awards of $5.4 billion, resulting in backlog of approximately $49 billion
    NEWPORT NEWS, Va., Nov. 02, 2023 (GLOBE NEWSWIRE) -- HII (NYSE:HII) reported third quarter 2023 revenues of $2.8 billion, up 7.2% from the third quarter of 2022, driven primarily by growth at its Mission Technologies and Ingalls Shipbuilding segments.
  • Operating income in the third quarter of 2023 was $172 million and operating margin was 6.1%, compared to $131 million and 5.0%, respectively, in the third quarter of 2022.
  • Segment operating income1 in the third quarter of 2023 was $187 million and segment operating margin1 was 6.6%, compared to $166 million and 6.3%, respectively, in the third quarter of 2022.
  • New contract awards in the third quarter of 2023 were $5.4 billion, bringing total backlog to approximately $49 billion as of September 30, 2023.