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HII and HD Hyundai Heavy Industries are expanding intelligent welding automation at Ingalls Shipbuilding in Mississippi to support U.S. Navy production. This expansion aims to enhance efficiency and productivity in shipbuilding. The partnership leverages advanced technology to improve manufacturing processes.
HII reported a 10.9% increase in revenue for the second quarter of 2026, reaching $3.4 billion. The company also secured $6.7 billion in new contract awards, bringing its total backlog to $57.3 billion. The 2026 Navy Summit will discuss topics such as AI, shipbuilding, and digital engineering.
The US Navy awarded a $76.6 billion contract to General Dynamics for 9 Virginia-class and 5 Columbia-class submarines. The contract includes funds for workforce improvements and material for a tenth Virginia-class boat.
The Pentagon has approved the next contract for the Virginia-class submarine program, despite production bottlenecks
Boeing will reconfigure four P-8A aircraft for a foreign military sales customer. The work includes non-recurring engineering to tailor the aircraft to the customer's operational requirements.
The US Navy's first nuclear aircraft carrier, USS Enterprise, is being scrapped at a cost of $1.3 billion. A $418.5 million contract was awarded to NorthStar Maritime Dismantlement Services for the disposal of the carrier. The ship will be towed to Mobile, Alabama for final dismantling.
Huntington Ingalls Industries expands distributed shipbuilding to amphibious ships, starting with Philadelphia (LPD 32). This strategy aims to increase throughput and support the US Navy's programs. The expansion builds on the success of the destroyer program.
HII, a US shipbuilder, is changing its strategy for building Navy warships by partnering with other shipyards. This new approach will involve collaborative efforts to construct certain warships. The details of the partnership and its implications are still emerging.
HII, the largest US military shipbuilder, is expanding production of advanced unmanned vessels for the Navy. The company is a developer of autonomous maritime systems. This expansion will enhance the Navy's capabilities with cutting-edge technology.
Rich Fisne, former SVP at HII Mission Technologies, has been appointed VP of contracts and procurement at Modern Technology Solutions Inc. He brings over 40 years of government contracting experience to the role. This appointment follows another recent hiring of a former HII Mission Technologies executive.
The US Navy has expanded its Lionfish robot submarine program with a new production deal with HII. The contract is for the production of small unmanned undersea vehicles. This program aims to enhance the Navy's underwater capabilities.
A Virginia-based company has started building the US Navy's next powerful destroyer, capable of conducting anti-submarine operations. The destroyer is being built by HII's Ingalls Shipbuilding division. This new vessel will enhance the Navy's capabilities in anti-submarine warfare.
Ashutosh Gokhale, former CFO of HII's Mission Technologies division, has joined Modern Technology Solutions Inc. as EVP and CFO. He previously led the division to $3 billion in annual revenue growth. Gokhale's experience includes serving as CTO at HII's mission technologies division.
The US Navy and HII have inaugurated a new 80,000-sq-foot facility to support aircraft carrier overhauls. The Carrier Refueling Overhaul Workcenter (CROW) is designed to enhance maintenance capabilities. This facility will play a crucial role in extending the lifespan of aircraft carriers.
The US Navy has awarded a contract worth up to $418 million to HII for the maintenance of mission-critical aircraft carrier elevators. This contract aims to ensure the elevators' optimal performance and support the Navy's operations. The deal highlights the importance of maintaining critical systems on aircraft carriers.
Huntington Ingalls Industries (HII) has been awarded a $418 million contract to repair and maintain shipboard-based elevators on U.S. Navy aircraft carriers and amphibious ships. The contract aims to strengthen the U.S. Navy's fleet readiness across global operations. Additionally, Shield AI has secured a $16 million contract for the delivery of MQ-35 V-BAT UAVs to support Polish Navy operations.