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Newport News Shipbuilding’s parent company said it expects decreased revenue this year based on uncertainty around the timing of a Navy submarine contract and supply chain and workforce issues.
Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII, ranked No. 375 on the Fortune 500 , was formed on 31 March 2011, as a divestiture from Northrop Grumman .
Following the announcement, Huntington Ingalls withdrew its five-year outlook for free cash flow. The company also cut its full-year 2024 shipbuilding revenue guidance to $8.8 billion, from $8.8 ...
Newport News Shipbuilding (NNS), a division of Huntington Ingalls Industries, is the sole designer, builder, and refueler of aircraft carriers and one of two providers of submarines for the United States Navy. Founded as the Chesapeake Dry Dock and Construction Co. in 1886, Newport News Shipbuilding has built more than 800 ships, including both ...
Newport News posted a 2.4% margin and a 4.6% year-over-year sales increase, well below the 6.3% margin on declining sales posted by Huntington's Gulf Coast operation. Part of the issue is the ...
NEWPORT NEWS, Va., Nov. 21, 2024 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division was recently recognized with the 2024 Governor’s Volunteerism & Community Service Award by Virginia Gov. Glenn Youngkin. HII is the largest industrial employer in the commonwealth.
NORFOLK, Va., Oct. 04, 2024 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division is strengthening its collaboration and partnership with Old Dominion University. Leaders from both gathered today to mark the opening of the onsite NNS office located in the ODU Engineering Systems building on the university’s main campus in ...
Huntington Ingalls' (HII) Ingalls Shipbuilding unit delivered amphibious assault ship Tripoli (LHA 7) to the U.S. Navy, which is likely to have favorably impacted its Q1 revenues.