Huntington Ingalls Industries, Inc. (HII) has been creating significant business buzz. Notable events are the announcement of Fletcher Construction completing a new Health Center at Ingalls Shipbuilding, and HII's acquisition of SC metal fabricator W International. The South Australia Premier recently visited HII's Newport News Shipbuilding. In a strategic move, HII opened an additional site in Norfolk and appointed leadership to advance AUKUS goals in Australia. Earnings for Q1 surpassed expectations, attracting investment advisors and recognizing Michael Lempke to lead HII’s Australia Business. HII has been beefing up submarine programs with major contracts, offering robust Q1 performance in 2024 and has initiated a Parking Garage project with the US Navy. Furthermore, HII is advancing additive manufacturing in a Virginia-Class submarine and posturing to transform into an ‘all-digital’ manufacturer. The company has authorized a $600 Million increase in its share repurchase program up to $3.8 Billion. Despite facing a lawsuit from marine engineers, HII continues to impress with a new advanced technology facility in Downtown Syracuse and a strong outcome in 2023 propelling ambitious growth in 2024 and beyond.
Huntington Ingalls Industries HII News Analytics from Sun, 03 Apr 2022 16:12:15 GMT to Mon, 02 Sep 2024 00:13:50 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 3
