Mulherin Receives the Nimitz Award
Matt Mulherin, former executive vice president of Huntington Ingalls Industries and president of Newport News Shipbuilding, was recognized by the United States Navy League today as a 2018 recipient of its annual Fleet Admiral Chester W. Nimitz Award. This award honors an industry leader who has demonstrated the leadership, statesmanship and dedication to the nation that were exhibited by the award’s namesake. Mulherin, who retired from the company in July 2017 after a distinguished 36-year career…
Huntington Ingalls Industries Announces Leadership Changes
Huntington Ingalls Industries announced changes to its senior leadership team. Michael Smith, executive vice president, strategy and development, is moving to HII’s Technical Solutions division, where he will serve as president of the SN3 business and report to Michael Lempke, president of the Nuclear & Environmental group, effective immediately. Scott Stabler, executive vice president, internal audit, is moving into a new role as HII’s executive vice president and chief transformation officer, reporting to Mike Petters, HII’s president and CEO.
Huntington Ingalls Industries Q4 Revenue up 3.9%
U.S. military shipbuilder Huntington Ingalls Industries reported fourth quarter 2017 revenues of $2 billion, up 3.9 percent from the fourth quarter of 2016. Operating income in the quarter was $227 million and operating margin was 11.4 percent, compared to $268 million and 13.9 percent, respectively, in the fourth quarter of 2016. Diluted earnings per share in the quarter was $1.41, compared to $4.20 in the same period of 2016. Diluted earnings per share in fourth quarter 2017 included a one-time expense related to the early extinguishment of debt…
HII CEO Petters Joins Manufacturers Association Board of Directors
Mike Petters, president and CEO of Huntington Ingalls Industries, has been named to the board of directors of National Association of Manufacturers (NAM), an industrial trade association in the United States. According to the NAM, Petters will join its board to advance a manufacturing policy agenda that promotes growth and prosperity for all Americans. Founded in 1895, the NAM presently has more than 14,000 members including some of the world’s most iconic brands and many of the small manufacturers that power the U.S. economy.
Boykin Tapped as Next Newport News President
Huntington Ingalls Industries’ (HII) Board of Directors has elected Jennifer R. Boykin to serve as executive vice president of HII and president of HII’s Newport News Shipbuilding division, effective July 1. She will succeed Matt Mulherin, who announced that he will retire on August 1 after a 36-year career at Newport News Shipbuilding. Boykin, who will report to HII President and CEO Mike Petters effective July 1, currently serves as vice president, engineering and design for Newport News Shipbuilding.
US Navy Christens Submarine Indiana
The U.S. Navy christened its newest Virginia-class fast attack submarine, the future USS Indiana (SSN 789), during a ceremony Saturday, April 29, at Huntington Ingalls Shipyard in Newport News, Va. Vice President Mike Pence, who previously served as the 50th governor of Indiana, delivered the ceremony's principal address. “[President Trump]sent me here today on this historic occasion as a sign of his deep commitment to the Armed Forces of the United States of America, and to his commitment to make the strongest fighting force in the world even stronger still,” Pence said.
HII Acquires Camber Corp
Huntington Ingalls Industries (NYSE:HII) announced today that it has completed its previously announced acquisition of Camber Corporation and formed a new operating division, HII Technical Solutions. The new division will be led by Andy Green, who will serve as an executive vice president of HII and president of HII Technical Solutions, reporting directly to HII President and CEO Mike Petters. “The acquisition of Camber and the consolidation of our existing service businesses…
Huntington Ingalls Industries to Open Australian Office
Huntington Ingalls Industries (HII) said it plans to establish a permanent presence in Australia by opening an office in Canberra. “Establishing a permanent presence in Australia demonstrates HII’s commitment to supporting Australia and the U.S. military forces in the Pacific,” said HII President and CEO Mike Petters. “It also facilitates our ability to conduct real-time, frequent engagement with the Royal Australian Navy and the U.S. The U.S. based shipbuilder has hired Jeff McCray as vice president…
US Navy Destroyer DDG 114 Christened
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division christened the company’s 30th Arleigh Burke-class (DDG 51) Aegis guided missile destroyer, Ralph Johnson (DDG 114), April 2 in front of approximately 1,000 guests. “It’s been more than a quarter century since the start of construction of Ingalls’ first Arleigh Burke destroyer, the Barry (DDG 52),” said Sean Stackley, assistant secretary of the Navy for research, development and acquisition, who delivered the ceremony’s principal address.
Huntington Ingalls CEO Urges Speedup of Next Amphib Ship Program
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.
HII Head Gives Up Salary for Educational Fund
U.S. shipbuilder Huntington Ingalls Industries (HII) said it has begun the process of establishing a fund to provide educational assistance for children of HII employees. While details of the educational fund are still being developed, it will be funded annually with HII President and CEO Mike Petters’ salary. HII’s Board of Directors recently approved a motion to enable Petters to reduce his annual salary to $1 per year. The balance of his salary, nearly $1 million, will annually fund this educational assistance program that will be operated by an independent third party yet to be identified.
Interview: Mike Petters - President & CEO, HII
Last month Mike Petters, president and CEO of Huntington Ingalls Industries (NYSE:HII), was honored by the Coast Guard Foundation at the 35th Annual Salute to the United States Coast Guard, held in New York City. Maritime Reporter & Engineering News recently caught up with Petters – the man who leads America’s largest military shipbuilding company and a provider of manufacturing, engineering and management services to the commercial and non-commercial oil, gas and energy markets – to discuss not only the honor…
Leadership Changes at Huntington Ingalls Industries
U.S. shipbuilder Huntington Ingalls Industries (HII) announced today a number of changes across its leadership team. HII’s Board of Directors has elected Christopher D. Kastner to succeed Barbara A. Niland as the company’s chief financial officer and corporate vice president, business management, effective with Niland’s retirement on March 1, 2016. Furthermore Philip Luna, corporate vice president and president, UniversalPegasus International (UPI), a subsidiary of HII, has been promoted to the HII senior executive team, effective immediately.
HII’s Petters Honored by Coast Guard Foundation
Mike Petters, president and CEO of Huntington Ingalls Industries (HII), was honored by the Coast Guard Foundation at the 35th annual Salute to the United States Coast Guard, held last Thursday at the Marriott Marquis in New York City. At the dinner, Petters and HII were recognized for their support of the Coast Guard Foundation and its mission. “Huntington Ingalls Industries has been a strong supporter of the Coast Guard Foundation for the past 30 years,” said Anne Brengle, the foundation’s president.
HII’s Petters Receives Lone Sailor Award
Mike Petters, president and CEO of Huntington Ingalls Industries (HII), was presented with the United States Navy Memorial's Lone Sailor Award on Thursday during the annual Lone Sailor Awards dinner at the National Building Museum in Washington, D.C. The Lone Sailor Award is given to sea service veterans who have excelled with distinction in their respective careers during or after their military service. Other recipients this year included retired Adm. James S. Gracey, the 17th Commandant of the U.S. Coast Guard; J.
Coast Guard Foundation to Honor HII’s Petters
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced that its 35th Annual Salute to the U.S. Coast Guard will honor Mike Petters of Huntington Ingalls Industries for his long time support of the Foundation and its mission. Keynote speakers will include Captain “Sully” Sullenberger, captain of ‘Miracle on the Hudson’ US Airlines flight 1549 and Admiral Paul Zukunft, commandant of the U.S. Coast Guard. The Master of Ceremonies will be Gus Rosendale, news anchor with NBC 4 New York.
John Finn Christened at Ingalls Shipyard
Huntington Ingalls Industries' Ingalls Shipbuilding division christened the company's 29th Arleigh Burke-class (DDG 51) Aegis guided missile destroyer, John Finn (DDG 113), May 2 in front of nearly 1,000 guests. DDG 113 is named John Finn after the first Medal of Honor recipient of World War II. Finn received the honor for machine-gunning Japanese warplanes for over two hours during the December 1941 attack on Pearl Harbor despite being shot in the foot and shoulder and suffering numerous shrapnel wounds. He retired as a lieutenant after 30 years of service and died at age 100 in 2010.
Navy League Honors Retired Ingalls President
Irwin F. Edenzon, the retired president of Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division, accepted the Navy League of the United States' Fleet Admiral Chester W. Nimitz Award last night. The Navy League presented the award at the annual Sea-Air-Space Black Tie Reception and Banquet at the Gaylord National Resort and Convention Center in National Harbor, Maryland. The Nimitz award honors an industry leader who has made a major contribution to the nation's maritime strength or enhanced national security.
HII, Petters Recognized by the Reserve Officers Association
Huntington Ingalls Industries (HII) and its president and CEO, Mike Petters, received the Reserve Officers Association's 2015 Nathan Hale Corporate Patriot Award presented at the ROA STARS Foundation Gala on Tuesday in Washington, D.C. The Nathan Hale Corporate Patriot Award is presented to a corporation and its senior leadership committed to serving the nation, military veterans and military reservists. This year's award was presented to both HII and Johnson & Johnson. "I am honored to accept the Nathan Hale Corporate Patriot Award on behalf of all the veterans at HII," Petters said.
HII Board of Directors Elects Two VPs
Huntington Ingalls Industries’ (HII) board of directors has elected Kellye Walker to serve as corporate vice president and general counsel and Charles R. “Chuck” Monroe Jr. to serve as corporate vice president, associate general counsel and secretary. These organizational changes are effective Jan. 12, 2015. As corporate vice president and general counsel, Walker will report to HII President and CEO Mike Petters and will have overall leadership responsibility for HII’s law department and outside counsel…
Huntington Ingalls Industries Profits up in Q3 Report
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 Sponsors USO Gala
Huntington Ingalls Industries (HII) announces its sponsorship of the annual USO Gala, which will take place tonight at the Washington Hilton in Washington, D.C. HII's sponsorship will help enable the USO to continue its mission of lifting the spirits of troops and their families through the many programs the organization delivers to services members, their families and wounded warriors. "We are proud to sponsor the USO and help in any way possible to support its important mission," said HII President and CEO Mike Petters. "The USO does so much to improve the lives of our service men and women and their families around the world. This year the USO celebrates its 73rd anniversary.
Ingalls Shipbuilding Christens 5th National Security Cutter
Huntington Ingalls Industries' (NYSE:HII) Ingalls Shipbuilding division christened the company's fifth U.S. Coast Guard National Security Cutter (NSC), James (WMSL 754), today in front of nearly 1,000 guests. Charlene James Benoit, great-great niece of the ship's namesake, Capt. Joshua James, is the ship sponsor. "The boundaries surrounding illegal migrant activity, weapons, drug smuggling and terrorism continue to blur and converge," said Vice Adm. Peter Neffenger, vice commandant of the U.S. Coast Guard and the ceremony's principal speaker.