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HII-News
HII-Events
HII Declares Quarterly Cash Dividend of $1.41 per Share
HII announced that its board of directors has declared a quarterly cash dividend of $1.41 per share, a 3c increase over the $1.38 per share dividend paid in each of the prior four quarters. The $1.41 per share dividend will be payable on Dec. 11 to shareholders of record as of the close of business on Nov. 27.
HII Former CEO Mike Petters Elected to Board of Directors
HII announced that former HII CEO and President Mike Petters was elected to the company's board of directors.
HII Awarded $99M Contract Modification from U.S. Navy
HII's Ingalls Shipbuilding division has been awarded a $99M contract modification from the U.S. Navy to conduct sea trials for the Zumwalt-class destroyer Lyndon B. Johnson. The ship arrived at Ingalls in January 2022 to complete the installation, activation and testing of the combat systems. While at Ingalls Lyndon B. Johnson is also receiving modernization upgrades that include integration of the Conventional Prompt Strike weapon system, as the Navy's second CPS-equipped platform. Zumwalt-class destroyers feature a electric propulsion system, wave-piercing tumblehome hull, stealth design and are equipped with the most advanced warfighting technology and weaponry. These ships will be capable of performing a range of deterrence, power projection, sea control, and command and control missions while allowing Navy to evolve with new systems and capabilities.
HII Awarded $56M Contract by U.S. Navy
HII announced that its Newport News Shipbuilding division was awarded a $56M contract by the U.S. Navy for shipbuilding engineering and design in support of the trilateral Australia, United Kingdom, and United States partnership. The contract includes an option which, if exercised, would bring the cumulative value of this contract to $91M. HII continues to take a whole-company approach to support the AUKUS agreement, providing services and support for AUKUS across its business divisions. Under the contract, in support of Foreign Military Sales requirements, NNS will continue supporting the United Kingdom and Australia, including technology insertion, engineering, supply chain and workforce development support, and digital transformation. The award also includes the United States Industry Support effort, wherein NNS engineers and designers will support the design of the SSN-AUKUS nuclear-powered submarine to be built by the United Kingdom and Australia.
HII Awarded Contract by U.S. Navy to Build 10 Unmanned Surface Vessels
HII was awarded a contract by the U.S. Navy to build 10 Romulus unmanned surface vessels for the Medium Unmanned Surface Vessel program. The award marks a major advancement in the U.S. Navy's transition from experimentation to fleet-scale deployment of trusted, operational autonomy across the maritime domain.
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