Huntington Ingalls Industries (HII) announces a series of developments shaping its trajectory. Major news included HII and HD
Hyundai Heavy Industries signing a
Memorandum of Understanding (MOU) for shipbuilding collaboration, aimed towards improving offerings in both the U.S. and South Korea. The signing boosted HII's stock, as did a double upgrade from
Goldman Sachs. Meanwhile,
Aviva PLC sold 78,800 shares, and
Fmr LLC offloaded 207,555 shares of HII. HII also demonstrated innovation by installing the first additively manufactured valve manifold assembly on an aircraft carrier. Concurrently, the firm announced its intent to acquire South Carolina Advanced Metal Fabricator assets and workforce to expand shipbuilding capacity. It secured
$95,600 in STEM grants and, despite contract delays and supply chain issues, forged ahead with several partnerships. Resona Asset Management Co. Ltd. and Integrated Quantitative Investments LLC took substantial positions in HII—inspiring confidence. Despite reduced consensus recommendations, the company demonstrated commitment to growth by focusing on experienced hires and technological innovation, like opening a new virtual reality welding lab.
Huntington Ingalls Industries HII News Analytics from Thu, 27 Jun 2024 17:26:24 GMT to Sun, 13 Apr 2025 01:22:52 GMT -
Rating 7
- Innovation 6
- Information 5
- Rumor 5
