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Huntington Ingalls Industries (NYSE:HII) on Wednesday said its advanced unmanned underwater vehicle REMUS 300 was selected as the U.S. Navy's next generation small UUV (SUUV) program of record. The initial phase of the program includes the production and testing of REMUS 300 UUVs over the nex...
MCLEAN, Va., March 30, 2022 (GLOBE NEWSWIRE) -- Global engineering and defense technologies provider HII (NYSE:HII) announced today its advanced unmanned underwater vehicle, REMUS 300, was selected as U.S. Navy’s next generation small UUV (SUUV) program of record. REMUS 300 technolog...
The Biden administration's proposed $773B Defense Department budget for the fiscal year starting October 1 represents 4.2% nominal growth or 1.5% real growth after accounting for inflation compared with the $742B final appropriation for the current fiscal year. According to a Bloomberg review...
PASCAGOULA, Miss., March 26, 2022 (GLOBE NEWSWIRE) -- HII (NYSE: HII) christened today pre-commissioning unit Jack H. Lucas (DDG 125) at the company’s Ingalls Shipbuilding division. Jack H. Lucas, a longtime resident of Hattiesburg, Mississippi, was the youngest Marine and yo...
PASCAGOULA, Miss., March 25, 2022 (GLOBE NEWSWIRE) -- Global engineering and defense technologies provider HII (NYSE:HII) announced that the company’s Ingalls Shipbuilding division authenticated the keel of the Arleigh Burke -class guided missile destroyer Ted Stevens (D...
My quality + value screen uncovered four aerospace and defense contractors: General Dynamics, Huntington Ingalls Industries, Lockheed Martin, and Northrop Grumman. In the last ten years, each stock, all dividend payers, outperformed the 10-Year Treasury, the aerospace and defense indu...
U.S. defense contracting stocks led by Lockheed Martin (NYSE:LMT +3.3%) are in rally mode as Russia's invasion of Ukraine shows no signs of easing. Other notable gainers in Monday's trading include HII +3.5%, NOC +3.4%, LHX +2.7%, GD +1.9%, RTX +1.8%. ETFs: BATS:ITA, XAR, DFEN, FITE, PPA Cowe...
The week ending March 18 was the best week so far in 2022 for industrial stocks (market cap of over $2B) as the top five gainers each amassed more +36% while the top 10 all grew by +20%. Stocks ended the March 16 session with notable gains, surviving a midday swoon followi...
Listen on the go! A daily podcast of Wall Street Breakfast will be available this morning on Seeking Alpha, iTunes, Stitcher and Spotify. Stocks closed out their best week since November 2020, as buy-the-dip investors sprang into action after the market started the week from an oversold posit...
PASCAGOULA, Miss., March 18, 2022 (GLOBE NEWSWIRE) -- Global engineering and defense technologies provider HII (NYSE:HII) announced today that the company’s Ingalls Shipbuilding division has delivered amphibious transport dock Fort Lauderdale (LPD 28) to the U.S. Navy. ...
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2024-05-18 07:07:00 ET Thirteen years ago, military aerospace and shipbuilding giant Northrop Grumman (NYSE: NOC) made the strategic decision to jettison its shipbuilding unit and focus its business on aerospace instead. At the time of the spinoff, the rejected unit, Huntingto...
NEWPORT NEWS, Va., May 17, 2024 (GLOBE NEWSWIRE) -- Shipbuilder and all-domain technologies provider HII (NYSE: HII) hosted South Australia Premier Peter Malinauskas at its Newport News Shipbuilding division today. The visit was held in support of the trilateral Australia, United Kingdom an...
NEWPORT NEWS, Va., May 15, 2024 (GLOBE NEWSWIRE) -- HII announced today that it has signed a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS). The three-year SCA formally expands on the existing relationship between AWS and HII, in support of the company’s development...