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Thursday, February 1, 2024
Mission Technologies revenues for the fourth quarter of 2023 were $745 million, an increase of $143 million from the same period in 2022.
Key Points:
- Mission Technologies revenues for the fourth quarter of 2023 were $745 million, an increase of $143 million from the same period in 2022.
- Mission Technologies segment operating income1 in the fourth quarter of 2023 was $51 million, compared to $15 million in the fourth quarter of 2022.
- Segment operating margin1 for the fourth quarter of 2023 was 6.8%, compared to 2.5% in the same period the prior year.
- Mission Technologies results included approximately $109 million of amortization of purchased intangible assets in 2023, compared to approximately $120 million in 2022.
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Thursday, November 2, 2023
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Coal 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.
Record second quarter revenues of $2.8 billion, up 4.7% compared to second quarter 2022
Key Points:
- Record second quarter revenues of $2.8 billion, up 4.7% compared to second quarter 2022
NEWPORT NEWS, Va., Aug. 03, 2023 (GLOBE NEWSWIRE) -- HII (NYSE:HII) reported second quarter 2023 revenues of $2.8 billion, up 4.7% from the second quarter of 2022, driven primarily by growth at Newport News Shipbuilding and Mission Technologies.
- Operating income in the second quarter of 2023 was $156 million and operating margin was 5.6%, compared to $191 million and 7.2%, respectively, in the second quarter of 2022.
- Segment operating income2 in the second quarter of 2023 was $169 million and segment operating margin2 was 6.1%, compared to $225 million and 8.5%, respectively, in the second quarter of 2022.
- New contract awards in the second quarter of 2023 were approximately $2.6 billion, bringing total backlog to approximately $46.9 billion as of June 30, 2023.
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Video game Record first quarter revenues of $2.7 billion, up 3.8% compared to first quarter 2022
Key Points:
- 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.
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NEWS 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).
Key Points:
- 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.
Confirmation of media attendance is required.
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- Please RSVP by noon on Thursday, March 16 to:
The Newport News Shipbuilding Apprentice School accepts more than 200 apprentices per year.
- The school offers four- to eight-year, tuition-free apprenticeships in 19 trades and eight optional advanced programs.
- Apprentices work a 40-hour week and are paid for all work, including time spent in academic classes.
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Engineering 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.
Key Points:
- 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.
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NEWS 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.
Key Points:
- 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.
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United States Navy PASCAGOULA, Miss., March 02, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division hosted U.S. Reps. Trent Kelly, R-Miss.
Key Points:
- PASCAGOULA, Miss., March 02, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division hosted U.S. Reps. Trent Kelly, R-Miss.
- “It is always a privilege to host members of the House and our Marine Corps partners,” Ingalls Shipbuilding President Kari Wilkinson said.
- “It is great to be able to see the level of construction taking place on amphibious ships currently being built at Ingalls,” Mahoney said.
- HII recently invested nearly $1 billion in infrastructure, facility and toolsets at Ingalls Shipbuilding enabling shipbuilders to improve product flow and process and efficiency, and enhancing product quality.
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Shipbuilding MCLEAN, Va. and GULFPORT, Miss., March 02, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) and Ocean Aero initiated a strategic agreement to advance the combined capabilities of their respective unmanned maritime platforms and autonomy software solutions.
Key Points:
- MCLEAN, Va. and GULFPORT, Miss., March 02, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) and Ocean Aero initiated a strategic agreement to advance the combined capabilities of their respective unmanned maritime platforms and autonomy software solutions.
- “We are pleased to partner with Ocean Aero to further expand the operational capabilities of the U.S. Armed Forces, partner nations and other maritime-focused commercial institutions,” said Duane Fotheringham, president of the Unmanned Systems business group at HII’s Mission Technologies division.
- “We are excited to combine the best of our individual products to deliver an exceptional suite of solutions to our customers.”
Kevin Decker, Ocean Aero chief executive officer, added: “This is the perfect time for us to partner with HII.
- Additionally, HII’s Odyssey autonomy software solution offers scalable autonomy aligned with open architecture standards, including Unmanned Maritime Autonomy Architecture.
