Christie Thomas, vice president of contracts and pricing at Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division since 2018, has been appointed to serve as corporate vice president of investor relations starting Jan. 1. She will succeed Dwayne Blake, who will retire at the start of 2022 after nine years in the job, the...
A new McAleese & Associates report says major defense prime contractors recorded a 4 percent to 6 percent increase in sector profit during the third quarter of 2021. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q3 financial performance of Boeing (NYSE: BA), General Dynamics (NYS...
Huntington Ingalls Industries (NYSE: HII) saw its third-quarter revenue for 2021 increase 1 percent to $2.3 billion and reported $3.65 in diluted earnings per share. The Newport News, Virginia-based shipbuilding company said Thursday it recorded $600 million in Q3 2021 new contract awards and a total backlog of about $50.1 billion as of Sept. 30....
Huntington Ingalls Industries (NYSE: HII) has announced a string of executive moves and the formation of four new business groups within its government services arm following HII’s acquisition of Alion Science and Technology. Former Alion executives Todd Borkey and Chris Bishop have joined the HII Technical Solutions division as chief technolo...
Huntington Ingalls Industries (NYSE: HII) has closed its $1.65 billion cash acquisition of Alion Science and Technology as part of a growth strategy to expand HII’s technical service offerings in target markets. The Newport News, Virginia-based shipbuilder first announced the transaction to acquire Alion from private equity firm Veritas Capita...
Austal USA, Epsilon Systems Solutions and Continental Maritime of San Diego have secured positions on a 19-month, $344.7 million contract to sustain littoral combat ships for the U.S. Navy. The three shipyard operators will compete for delivery orders to perform sustainment work on LCS vessels homeported in San Diego, the Department of Defense said ...
Huntington Ingalls Industries‘ (NYSE: HII) technical solutions division has received a potential five-year, $346 million task order to help U.S. Africa Command and its international partners rescue, recover and evacuate military personnel. The company said Monday it will conduct airlift and airdrop efforts, plan and manage rescue operations, s...
Kimberly Lebak, an executive in Huntington Ingalls Industries‘ (NYSE: HII) technical solutions division, has been named as head of an HII and BWX Technologies (NYSE: BWXT) joint venture that performs cleanup work at the Department of Energy’s Los Alamos National Laboratory in New Mexico. HII said Tuesday that Lebak will oversee the $1.4 ...
Huntington Ingalls Industries (NYSE: HII) has agreed to buy Alion Science and Technology from Veritas Capital for approximately $1.65 billion in cash as part of a push to expand its technical capabilities and portfolio of national security platforms. HII said Tuesday it expects the transaction to conclude in the second half of 2021 and help...
Jason Sutton, program director for steel fabrication and assembly at Huntington Ingalls Industries’ (NYSE: HII) Newport News Shipbuilding division, has been named chief information officer within the same division. He will succeed Brian Fields, who held the CIO post while serving as chief transformation officer and will transition to a new role as...
