Gulfport Composite Center Of Excellence News

Shipbuilder Huntington Ingalls Industries (HII) released its third quarter 2014 results which reported revenues of $1.72 billion, up 4.9 percent compared to the same period last year. Third quarter diluted earnings per share was $1.96, compared to diluted earnings per share of $1.36 in the same period of 2013, and adjusted diluted earnings per share for the quarter was $1.67, compared to $1.17 in the same period of 2013. Segment operating margin for the quarter was 8.8 percent, while total operating margin was 10 percent, a 220 bps improvement over Q3 2013.

Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division has delivered the composite deckhouse for the destroyer Michael Monsoor (DDG 1001) to the U.S. Navy. The 900-ton deckhouse provides an advanced structure that will house the ship's bridge, radars, antennae and intake/exhaust systems and is designed to provide a significantly smaller radar cross-section than any other ship in today's fleet. "This is a very unique structure for a very unique ship," said Kevin Amis, program director, DDG 1000 Program.

Huntington Ingalls Industries (HII), a company that designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe, reported third quarter 2013 revenues of $1.64 billion, up 2.6% from the same period last year. Third quarter diluted earnings per share was $1.36, compared to $0.26 in the same period of 2012. Segment operating income in the third quarter was $142 million, compared to $89 million in the same period last year.

Huntington Ingalls Industries (HII) announced today the closure of its Gulfport Composite Center of Excellence in Gulfport, Miss. "This is a difficult but necessary decision," said HII President and CEO Mike Petters. "Due to the reduction in the Zumwalt-class (DDG 1000) ship construction and the recent U.S. Navy decision to use steel products on Lyndon B. Current work being performed at Gulfport is expected to be completed by the end of the first quarter of 2014, with closure expected by May 2014.

'President's Awards for Excellence' have been awarded to 5 teams & 3 individuals for their outstanding & innovative work on shipbuilding projects. "We build very sophisticated and complex products, and it takes skill and innovation to do it more cost-effectively," said Ingalls Shipbuilding President Irwin F. Edenzon. "These awards recognize the forward-thinking measures our shipbuilders are taking on a daily basis to improve our performance and streamline our processes. Each year…