Huntington Ingalls Industries

Huntington Ingalls Industries, Inc.
Public
Traded as NYSE: HII
Industry Defence, Shipbuilding
Predecessor Northrop Grumman Shipbuilding
Founded March 31, 2011 (2011-03-31)
Founder Collis Potter Huntington and Robert Ingersoll Ingalls, Sr.
Headquarters Newport News, Virginia, United States
Area served
 worldwide
Key people
 Thomas B. Fargo (Chairman)[1]
C. Michael Petters (President and CEO)[2]
Revenue US$ 7.02 billion (2015)
US$ 404 million (2015)
Number of employees
 <35,000
Divisions Newport News Shipbuilding
Ingalls Shipbuilding
Website www.huntingtoningalls.com

Huntington Ingalls Industries (HII) is an American Fortune 500 shipbuilding company formed on March 31, 2011 as a spin-off of Northrop Grumman.[3]

Mike Petters is currently the president and CEO of Huntington Ingalls Industries (formerly president of the Newport News shipyard and president of the Northrop Grumman Shipbuilding).[4]

HII is the sole designer, builder, and refueler of nuclear-powered aircraft carriers in the United States. It is one of two nuclear-powered submarine builders (the other being General Dynamics Electric Boat). 70 percent of the current, active US Navy fleet has been built by HII's erstwhile units.

History

Huntington Ingalls Industries history timeline

Huntington Ingalls Industries was formerly known as Northrop Grumman Shipbuilding (NGSB), created on January 28, 2008 by the merger of Northrop Grumman's two shipbuilding sectors, Northrop Grumman Ship Systems and Northrop Grumman Newport News. The company takes its name from the founders of its two main facilities: Collis Potter Huntington (Newport News) and Robert Ingalls (Pascagoula).

Divisions

Subsidiaries

Facilities

HII operates facilities in several key locations across the US:

Former Facilities

Projects

HII's 2016 order backlog amounts to $20.5 billion. [6]

Gerald R. Ford-class aircraft carriers

HII is to build ten Gerald R. Ford-class aircraft carriers for the US Navy. It is scheduled to deliver one carrier every five years starting in 2015.[7]

America-class amphibious assault ship

The US Navy awarded HII a $2.4 billion fixed-price incentive contract for the detail design and construction of the amphibious assault ship America (LHA-6), the lead ship of her class. Work will be performed primarily at the company's shipyard in Pascagoula, Miss., and ship delivery is scheduled for 2012.[8]

In June, 2016 Huntington Ingalls Industries has been awarded a $273 million contract to build the U.S. Navy’s newest amphibious assault warship, according to a company press release. The total contract value for the construction of the third America-class ship is over $3 billion. This contract included planning, advanced engineering and procurement of long-lead material for the new vessel.[9]

San Antonio-class amphibious transport dock

In April 2011, the US Navy awarded HII a $1.5 billion contract for the construction of John P. Murtha (LPD-26), the tenth of the San Antonio-class amphibious transport docks.[10] This was the first Navy contract awarded to HII, though Ingalls Shipbuilding had already built three ships of the class.

Virginia-class attack submarines

The US Navy is building Virginia-class submarines as replacements for the Los Angeles-class submarines which are currently being phased out.

HII, under an industrial arrangement with General Dynamics Electric Boat (the only other shipyard capable of building nuclear-powered submarines), solely builds the stern, habitability and machinery spaces, torpedo room, sail and bow, while Electric Boat solely builds the engine room and control room. HII and Electric Boat alternate work on the reactor plant, final assembly, test, outfit and delivery.

Offshore Patrol Cutter

In 2014 The Government Accountability Office denied a contract appeal by Ingalls for the US Coast Guard's Offshore Patrol Cutter program, finding that the USCG's ranking of the shipyard to be marginal was justified.[11]

References

  1. ↑ Huntington Ingalls Industries. "Thomas B. Fargo - Huntington Ingalls Industries". Retrieved February 9, 2016.
  2. ↑ Huntington Ingalls Industries. "Mike Petters - Huntington Ingalls Industries". Retrieved February 9, 2016.
  3. ↑ Huntington Ingalls Industries
  4. 1 2 http://www.sec.gov/Archives/edgar/data/1501585/000150158515000005/hii201410-k.htm
  5. 1 2 HII 10-K, FY2012, p. 8.
  6. ↑ https://www.zacks.com/stock/news/226898/huntington-ingalls-hii-beats-on-q2-earnings-down-yy
  7. ↑ http://www.defenselink.mil/speeches/speech.aspx?speechid=1341
  8. ↑ Navy Names New Amphibious Assault Ship
  9. ↑ "US Navy to Expand Fleet of Largest-Ever Amphibious Assault Ships". Retrieved 12 August 2016.
  10. ↑ "Ingalls Shipbuilding Awarded U.S. Navy Contract Worth $1.5 Billion to Build Company's 10th San Antonio-Class Amphibious Transport Dock". Huntington Ingalls Industries, Inc. 1 April 2011. Retrieved 2011-04-03.
  11. ↑ "GAO denies protest over Coast Guard patrol cutters". www.washingtontimes.com. The Associated Press. 1 July 2014. Retrieved 17 August 2015.
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