Huntington Ingalls Industries Inc News

13 Apr 2018

US Could Reach 355 Ship Navy in 2030s -Official

The future littoral combat ship USS Indianapolis (LCS 17) is moved from an indoor production facility in Marinette, Wisc., to launchways in preparation for its April 14 launch into the Menomenee River. (U.S. Navy photo courtesy of Marinette Marine by Val Ihde)

The U.S. Navy could build its strength to 355 ships over a decade earlier than previously thought due to an increased shipbuilding budget and tempo as well as extending the service for some ships in the current fleet, a Pentagon official told a Congressional panel on Thursday. The goal of a larger Navy, one of President Donald Trump's signature issues from the campaign trail, could be achieved in the 2030s instead of the 2050s, the Assistant Secretary of the Navy for Research, Development & Acquisition, James Geurts told the U.S.

16 Aug 2017

HII to Pay $9.2 Mln in False Billing Settlement

File photo: Chris Oxley / HII

Huntington Ingalls Industries Inc. (HII) has agreed to a $9.2 million settlement of allegations that it violated the False Claims Act by knowingly overbilling the government for labor on U.S. Navy and Coast Guard ships at its shipyards in Pascagoula, Miss. Under the settlement, HII will make a payment of $7.9 million which, combined with earlier repayments, will result in the settlement recovery of approximately $9.2 million. “Contractors that knowingly bill the government in violation of contract terms will face serious consequences,” said Acting Assistant Attorney General Chad A.

17 Mar 2017

Skilled Workers Needed to Build Trump's Navy Vision

File Image: AdobeStock CREDIT Bogdan Vasilescu

U.S. President Donald Trump says he wants to build dozens of new warships in one of the biggest peace-time expansions of the U.S. Navy. But interviews with ship-builders, unions and a review of public and internal documents show major obstacles to that plan. The initiative could cost nearly $700 billion in government funding, take 30 years to complete and require hiring tens of thousands of skilled shipyard workers - many of whom don't exist yet because they still need to be hired and trained, according to the interviews and the documents reviewed. Trump has vowed a huge build-up of the U.S.

10 Nov 2016

SECNAV Names Next Amphibious Assault Ship USS Bougainville

A graphic representation of the future USS Bougainville (LHA 8). (U.S. Navy photo illustration by Petty Officer 1st Class Armando GonzalesReleased)

Secretary of the Navy Ray Mabus announced November 9 that the name of the next America-class amphibious assault ship will be USS Bougainville (LHA 8). The naming ceremony took place at Camp Lejeune, North Carolina. LHA-8 will be the second ship to be named after Bougainville, an island in the northern Solomons, which was the location of a World War II campaign in 1943-1944 during which allies secured a strategic airfield from Japan. Success at Bougainville isolated all Japanese forces left in the Solomons.

30 Mar 2016

Huntington Ingalls CEO Urges Speedup of Next Amphib Ship Program

Mike Petters (Photo: HII)

Huntington Ingalls Industries Inc Chief Executive Mike Petters urged the U.S. Navy to accelerate its new LX(R) dock landing ship program to fiscal 2018 from 2020 to avoid significant costs associated with restarting a production line. The production-line gap would occur when building of the LPD-28 warship ends about two years before the LX(R) is due to start. Petters told Reuters the move would save money by averting a costly break in production of the ships, which the Navy has decided to base on the LPD-17 amphibious dock warships also built by Huntington Ingalls.

21 Jan 2016

US Coast Guard Moves Forward on New Icebreakers

USCG photo by Rob Rothway

The U.S. Coast Guard released a proposed acquisition timeline and requirements for two new heavy U.S. icebreakers that could cost $1 billion each and said it would meet with interested companies during an industry day in March. Coast Guard Commandant Admiral Paul Zukunft told an event hosted by the Center for Strategic and International Studies that notice was intended to get information from companies about their ability to build and develop icebreakers that would be in use for 40 years and to explore options such as leasing.

23 Sep 2015

Sea Trials Delayed for Gerald Ford

Aircraft carrier Gerald R. Ford (CVN 78) in November 2013 (Photo by Chris Oxley / HII)

The sea trial schedule for the aircraft carrier USS Gerald R. Ford has been delayed six to eight weeks after shipboard tests fell behind schedule, the U.S. Navy said on Tuesday. The aircraft carrier, being built by Huntington Ingalls Industries Inc, is scheduled to be delivered to the Navy on March 31, 2016. "The exact impact on ship delivery will be determined based on the results of sea trials," the Navy said in a statement. It said the work on the carrier, which is being built at a shipyard in Newport News, Virginia, was 93 percent complete. Reporting by Eric Beech

04 Sep 2015

HII Wins $109.4mln U.S. Navy Contract

Photo:  Huntington Ingalls Industries

Huntington Ingalls  has received a $109.4mln contract modification to carry out support services for the U.S. Navy’s nuclear submarines. The company will work to engineer, design, configure and update various classes of submarines, special mission submersible interfaces, support facilities and submarines for foreign military sales programs, the Defense Department said. Huntington Ingalls will perform work in Newport News, Virginia through September 2017. Support services will be provided for Los Angeles…

01 Sep 2015

Huntington Ingalls Cites Interest in Building US Icebreakers

Built by Ingalls in 1999, USCGC Healy is the U.S.' newest icebrekaer (Photo: USCG)

Huntington Ingalls Industries Inc, which builds aircraft carriers and U.S. Navy warships, on Tuesday said it was keen to bid to build new icebreakers for the U.S. Coast Guard, after President Barack Obama pushed for quicker work on the program. The company's Ingalls shipbuilding unit, based in Pascagoula, Miss., built the newest U.S. icebreaker in the U.S. fleet, the USCGC Healy, which was delivered in November 1999. Huntington Ingalls spokesman Bill Glenn said his company had…

01 Sep 2015

Obama Pushes for US Icebreakers

File Image: Polar Star - one of the U.S. Coast Guard's dwindling fleet of icebreakers.

President Barack Obama on Tuesday proposed a faster timetable for buying a new heavy icebreaker for the U.S. Arctic, where quickly melting sea ice has spurred more maritime traffic and the United States has fallen far behind Russian resources. The move, part of a push to convince Americans to support Obama's plans to curb climate change, has long been urged by Arctic advocates as climate change opens up the region to more shipping, mining and oil drilling. The announcement came as Obama heads to the coastal town of Seward…

06 Jun 2015

Huntington Ingalls wins USN Carrier Deals

Photo USN

Huntington Ingalls Industries Inc on Friday won two contracts worth a combined $4.3 billion to complete design work and construction of the USS John F. Kennedy aircraft carrier, the Pentagon said in its daily digest of major weapons contracts. The first contract, a fixed-price deal with an incentive fee, was worth $3.4 billion for design and construction work on the new warship, and runs through June 2022. A second contract, a cost-plus contract with an incentive fee, was worth $941 million and is a modification of a previously awarded contract.

30 Apr 2015

US Navy Warns Congress that Piecemeal Cruiser Upgrades Costly

U.S. Navy Secretary Ray Mabus on Thursday warned that congressional plans for a piecemeal modernization of 11 cruisers would cost billions of dollars more than the Navy's original plan and meant the warships would have to be retired earlier. "They will still be under the command of the CNO (Chief of Naval Operations). They will never go out of commission," he told reporters after a speech at the National Press Club. Mabus said the Navy remained in dialogue with Congress about the issue, and would gladly accept congressional language aimed at ensuring modernization was actually completed. For instance, he said Congress could impose financial penalties if the Navy reneged on the plan, or require it to sign contracts with U.S. shipyards for upgrade work.

15 Jan 2015

US Navy Sees Competition for Next Amphibious Ship

LPD-17 (Photo courtesy: Huntington Ingalls)

The U.S. Navy will insist on competition for the next U.S. amphibious warship despite a decision last year to base the ship on the LPD-17 ship designed by Huntington Ingalls Industries Inc, Marine Corps Major General Robert Walsh said on Tuesday. Walsh, who is director of the U.S. Navy's Expeditionary Warfare Division, said the U.S. military owned the design for the LPD-17 class of ships and would launch a competition for the new warship program known as LX (R). "Competition drives down cost," Walsh said after a speech at the annual symposium of the Surface Navy Association.

19 Nov 2014

HII Announces Pricing of 5% Senior Notes Due 2021

Photo courtesy of Huntington Ingalls Industries

Huntington Ingalls Industries, Inc. (HII) announced today that it will sell $600 million aggregate principal amount of 5% senior notes due 2021 at a price of 100% of the par value. The company said it intends to use the net proceeds from the sale of the notes to pay the consideration for the previously announced cash tender offer and consent solicitation with respect to HII's outstanding 6.875% senior notes due 2018, plus fees and expenses, and, if all 2018 notes are not tendered pursuant to the tender offer and consent solicitation…

12 Mar 2014

US Navy Braces for Budget Cut Battles

USS Gerald Ford: Image credit NNS

Reuters –  Chief of Naval Operations Admiral Jonathan Greenert told reporters late on Monday that the Navy would have no choice but to curtail funding for a planned refueling of the nuclear-powered USS George Washington aircraft carrier if sharp cuts in military spending remained in effect for 2016 and beyond. Such a decision, he said, would have a big impact on the shipbuilding industrial base, noting that the refueling involved several hundred thousand man-days of work, and could affect the ability of carrier building Huntington Ingalls Industries Inc to build the next aircraft carrier.

27 Feb 2013

Huntington Ingalls Industries Reports 4Q and 2012 Results

Photo: Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) reported fourth quarter 2012 revenues of $1.82 billion, up 5.1 percent from the same period last year. Segment operating income for the fourth quarter was $140 million, compared to $127 million in the same period last year. Total operating income for the fourth quarter was $106 million, compared to $121 million in the same period last year. Pension-adjusted total operating income for the fourth quarter was $131 million, or 7.2 percent of revenue…

11 Feb 2013

US Aircraft Carrier Overhaul Deferred

USS Abraham Lincoln: Photo credit US Navy

The aircraft carrier USS Abraham Lincoln's refueling complex overhaul (RCOH) will not start due to insufficient funding. Lincoln was expected to move to Newport News shipyard next week to begin the overhaul. However, as a result of the fiscal constraints resulting from the ongoing continuing resolution (CR), the contract for the refueling complex overhaul (RCOH) has not been issued to Huntington Ingalls Industries, Inc. The aircraft carrier will remain pierside at Naval Station Norfolk until sufficient funding is received to start the execution of the RCOH.

11 Apr 2012

HII Wins U.S. Navy Sub Funds

Huntington Ingalls Industries, Inc., Newport News, Va., is being awarded a $9,707,686 modification to previously awarded contract (N00024-10-C-2102) for engineering, technical, design, configuration management, integrated logistics support, database management support of new construction and conversion/special mission submersibles, and submarine support facilities.  Contract funds in the amount of $1,063,182 are obligated at time of award.  Work will be performed in Newport News, Va., and is expected to be completed September 2012.  Contract funds will not expire at the end of the current fiscal year.  Naval Sea Systems Command, Washington, D.C., is the contracting activity.

05 Apr 2012

Huntington Risks Losing $194 Million on Carrier’s Overrun

Huntington Ingalls Industries Inc. stands to loss as much as $194.3 million, more than 40 percent of its potential fee, under the Navy’s latest estimate of overruns for the USS Gerald R. Ford aircraft carrier, according to Bloomberg. Construction of the Ford, the Navy’s most expensive warship, is likely to exceed by $884 million the shipbuilder’s target contract cost of about $5.2 billion for detailed design and construction, according to Navy officials and the service’s Selected Acquisition Report, obtained after it was delivered to Congress on March 29. The Ford is intended to be the first in a $40 billion, three-ship class of carriers. Its rising costs have brought questions from Republican Senator John McCain about the Navy program and the shipbuilder’s performance.

05 Apr 2012

Huntington Ingalls Awarded $50 Million Modification for Procurement

Huntington Ingalls Industries Inc., Pascagoula, Miss., is being awarded a $50,300,000 modification to a previously-awarded contract (N00024-10-C-2229) for procurement of additional long lead time material in support of the LHA replacement, Flight 0, amphibious assault ship (LHA 7). Work will be performed in Pascagoula, Miss., and is expected to complete by May, 2013.  Contract funds will not expire at the end of the current fiscal year.  Naval Sea Systems Command, Washington, D.C., is the contracting activity.

15 Mar 2012

U.S. Snub on Cutter Funds Seen as Threat

The Obama administration’s failure to budget $1.6 billion for two of the Coast Guard’s flagship vessels is drawing criticism from U.S. lawmakers, who contend that the service’s missions will be threatened. The Department of Homeland Security’s proposal for the fiscal year, beginning October1, requests $683 million to fund only the sixth of eight planned National Security Cutters, made by Huntington Ingalls Industries Inc. The agency, which oversees the Coast Guard, didn’t seek funding for the remaining two cutters for fiscal years 2014 to 2017. The 418-foot-long cutters are needed to replace an aging fleet of vessels, many of which are more than 40 years old and expensive to maintain, according to the service.

27 Feb 2012

HII Awarded Refueling Contract for USS Abraham Lincoln

USS Abraham Lincoln: Credit USN

Huntington Ingalls Industries, Inc. announced that its Newport News Shipbuilding (NNS) division has received a $383 million cost-plus-fixed-fee, level-of-effort contract option to continue planning work for the refueling complex overhaul (RCOH) of the nuclear-powered aircraft carrier USS Abraham Lincoln (CVN 72). If all contract options are exercised, the full value of the contract could reach $678 million. The contract option is for work performed from Feb. 27, 2012, until Feb.

25 Feb 2012

HII Wins $383m USS Abraham Lincoln Deal

Huntington Ingalls Industries, Inc. (NYSE:HII) said its Newport News Shipbuilding (NNS) division has received a $383m cost-plus-fixed-fee, level-of-effort contract option to continue planning work for the refueling complex overhaul (RCOH) of the nuclear-powered aircraft carrier USS Abraham Lincoln (CVN 72). If all contract options are exercised, the full value of the contract could reach $678 million. The contract option is for work performed from Feb. 27, 2012, until Feb. 18, 2013, and includes planning, design, documentation, engineering, material procurement, pre-fabrication and shipboard inspections. "RCOH work represents 35 percent of all maintenance and modernization that is performed on Nimitz-class aircraft carriers during their 50-year service life…

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