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Huntington Ingalls Industries, Inc. ( HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII, ranked No. 375 on the Fortune 500, was formed on 31 March 2011, as a divestiture from Northrop Grumman. [ 5][ 6]
On 31 March 2011, Northrop Grumman spun off its shipbuilding sector (including Ingalls Shipbuilding) into a new corporation, Huntington Ingalls Industries. In 2015, Ingalls Shipbuilding Company signed a contract with US Navy for new destroyers, littoral combat ships, and new landing craft.
This division was merged with Northrop Grumman Ship Systems in 2008 and given the name "Northrop Grumman Shipbuilding". [18] Three years later, the company was spun off as Huntington Ingalls Industries, Inc., [19] which trades under the symbol HII on the New York Stock Exchange. [citation needed]
Today, Northrop Grumman is a $70 billion defense business worth five times its price 13 years ago. Huntington Ingalls stock has performed well too, but is up a bit less than 5x in value. Looked at ...
Northrop Grumman Corporation is an American multinational aerospace and defense company. With 95,000 employees [3] and an annual revenue in excess of $30 billion, it is one of the world's largest weapons manufacturers and military technology providers. [4] [5] [6] The firm ranked No. 101 on the 2022 Fortune 500 list of America's largest ...
Huntington Ingalls (HII) secures deal to support ship repair and alteration requirements for CVN 78 planned incremental availability.
Petters assumed his role as president and CEO on March 31, 2011. He is also a member of the Huntington Ingalls Industries board of directors. [3] From 2008 until his appointment in 2011, he was the president of Northrop Grumman Shipbuilding. Prior to this position, he was the president of Northrop Grumman's Newport News sector. [4]
It was announced in September 2018 that the U.S. Navy awarded contracts for 10 new Arleigh Burke-class destroyers from General Dynamics Bath Iron Works and Huntington Ingalls Industries. [43] Former U.S. Secretary of Defense General Jim Mattis re-joined the company's board of directors in August 2019. He had previously served on the board, but ...