huntington ingalls industrie (HII) Key Developments
Huntington Ingalls Industries, Inc. Declares Quarterly Cash Dividend Payable on June 12, 2015
May 1 15
Huntington Ingalls Industries, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.40 per share, payable on June 12, 2015, to
shareholders of record as of the close of business on May 29, 2015.
Huntington Seeks Alternatives For Avondale Shipyard
Apr 20 15
Kinder Morgan, Inc. (NYSE:KMI) decided against pursuing a joint venture with Huntington Ingalls Industries, Inc. (NYSE:HII) which was related to the redevelopment of Avondale Shipyard. The company will continue to consider alternatives for the facility, including selling it to a third party, and will continue to work with the State of Louisiana and Louisiana Economic Development.
Huntington Ingalls Industries, Inc. Wins $604.3 Million Contract to Build Arleigh Burke-Class Destroyers
Apr 7 15
Huntington Ingalls Industries, Inc. has announced that its Ingalls Shipbuilding division has received a $604.3 million contract modification to fund construction of the Arleigh Burke-class Aegis guided missile destroyer, DDG 121, for the US Navy. This will allow increased learning and provide the most efficient way to reduce cost and schedule while building quality ships for the US Navy. With the contract, Ingalls will be building DDGs over the next decade. Ingalls has delivered 28 Arleigh Burke-class destroyers to the Navy.
Huntington Ingalls Industries Receives $499.8 Million Contract to Build National Security Cutter for U.S. Coast Guard
Apr 1 15
Huntington Ingalls Industries announced that its Ingalls Shipbuilding division has received a $499.8 million fixed-price incentive contract from the U.S. Coast Guard to build an eighth National Security Cutter, Midgett (WMSL 757). Ingalls has delivered four National Security Cutters to the Coast Guard and currently has three more under construction: James (WMSL 754), Munro (WMSL 755) and Kimball (WMSL 756). These ships will be delivered in 2015, 2016 and 2018, respectively. Midgett is scheduled to deliver in 2019.
Curt Hull Promotes to Chief Operating Officer of Huntington Ingalls Industries's Subsidiary, Stoller Newport News Nuclear
Mar 19 15
Huntington Ingalls Industries announced that its Stoller Newport News Nuclear (SN3) subsidiary has promoted Curt Hull to chief operating officer. As COO, Hull will continue to serve as senior vice president. Hull has more than 35 years of experience in managing hazardous waste projects for private and government clients. In his 20 years with The S.M. Stoller Corp., recently renamed SN3, he has advanced from geologist and project manager to co-owner of the company prior to its acquisition by HII. In his new role, Hull will work directly with HII and SN3 leadership.