The developments around Huntington Ingalls Industries, Inc. (HII) have been diverse over a period. Apart from selling and purchasing of shares by different entities including Groupama Asset Managment, Dimensional Fund Advisors LP, Public Sector Pension Investment Board, and Penn Mutual Asset Management, there have been strategic moves in the business. HII entered into a Memorandum of Understanding with HD Hyundai Heavy Industries to explore joint shipbuilding possibilities. The company has made strides in technology through innovations like the first additively manufactured valve manifold assembly and launching in a new virtual reality welding lab. They also collaborated with C3 AI for AI application in shipbuilding. The firm is in the process of business expansion as seen with the acquisition of South Carolina Advanced Metal Fabricator and W International's assets. Despite revealing a dip in Q1 revenues and profits, HII reaffirmed its 2025 outlook. Its stock too has experienced ups and downs. Moreover, despite contract impasse with the Coast Guard, positive outlook of FY2025 earnings and launching of DDG 129 by Ingalls Shipbuilding suggested business resilience.
Huntington Ingalls Industries HII News Analytics from Mon, 23 Sep 2024 16:19:44 GMT to Sat, 23 Aug 2025 11:23:12 GMT -
Rating 7
- Innovation 8
- Information 5
- Rumor 2
