Huntington Ingalls Industries (HII) experienced a series of significant events. A disagreement led to the scraping of the 11th National Security Cutter for the U.S. Coast Guard. A bright spot was a memorandum of understanding signed with HD Hyundai Heavy Industries. However, a $260M Coast Guard Cutter contract was ultimately terminated. Despite these challenges, HII reported consistent quarterly results through 2024 to 2025. To improve prospects, HII decided to expand shipbuilding capacity with the effort to acquire South Carolina's advanced metal fabricator assets and workforce. They assigned Kari Wilkinson to lead the Newport News Shipbuilding team. The unveiling of a new Virtual Reality Welding Lab further bolstered their innovative efforts. Still, HII faced labor issues, furloughing 471 employees to streamline performance. Continuous efforts are being made to bolster the defense industry's supply chain. On a bullish note, HII was lauded as a top pick among undervalued defense stocks by industry analysts. Their participation in Australia’s Department of Defence Global Supply Chain Program and the successful delivery of the Lionfish uncrewed underwater vehicle to the U.S. Navy showcase their commitment to outstretch their global reach and services.
Huntington Ingalls Industries HII News Analytics from Tue, 06 Jul 2021 07:00:00 GMT to Thu, 05 Jun 2025 23:34:23 GMT - Rating 4 - Innovation 6 - Information 8 - Rumor 0
