Huntington Ingalls Industries, Inc. engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S. Navy and U.S. Coast Guard. It also provides nuclear-powered ships, such as aircraft carriers and submarines, as well as refueling and overhaul, and inactivation services of ships. In addition, the company offers naval nuclear support services, including fleet services comprising design, construction, maintenance, and disposal activities for in service the U.S. Navy nuclear ships; and maintenance services on nuclear reactor prototypes. Further, it provides life-cycle sustainment services to the U.S. Navy fleet and other maritime customers; high-end information technology and mission-based solutions for Department of Defense (DoD), intelligence, and federal civilian customers; nuclear management and operations and environmental management services for the Department of Energy, DoD, state and local governments, and private sector companies; defense and federal solutions; and unmanned systems. Huntington Ingalls Industries, Inc. was founded in 1886 and is headquartered in Newport News, Virginia.
IPO Year:
Exchange: NYSE
Website: huntingtoningalls.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | $210.00 | Overweight → Neutral | Alembic Global Advisors |
| 11/1/2024 | $180.00 | Buy → Hold | TD Cowen |
| 10/10/2024 | Outperform → Peer Perform | Wolfe Research | |
| 10/10/2024 | $275.00 | Buy → Hold | Vertical Research |
| 9/9/2024 | $280.00 → $285.00 | Overweight → Neutral | JP Morgan |
| 5/20/2024 | $310.00 | Buy | Citigroup |
| 1/5/2024 | $250.00 → $280.00 | Overweight → Equal Weight | Barclays |
| 9/28/2023 | $250.00 → $247.00 | Neutral → Overweight | JP Morgan |
| 9/28/2023 | $217.00 | Hold | Deutsche Bank |
| 12/8/2022 | $270.00 | Equal Weight → Overweight | Barclays |
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NEWPORT NEWS, Va., Nov. 21, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Newport News Shipbuilding division was recently recognized with the 2024 Governor's Volunteerism & Community Service Award by Virginia Gov. Glenn Youngkin. HII is the largest industrial employer in the commonwealth. NNS received the corporation award in the annual program coordinated by Serve Virginia and the Virginia Service Foundation, acknowledging Virginians who volunteer to make a difference in their communities. "We are honored to be recognized by Governor Youngkin for the work our shipbuilders do to make our community stronger," said Xavier Beale, NNS vice president of human resources and trades administration.
PASCAGOULA, Miss., Nov. 20, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Ingalls Shipbuilding division welcomed Gen. Eric Smith, the 39th commandant of the U.S. Marine Corps, for an official visit to the shipyard on Wednesday. During his visit, Smith met with Ingalls leadership and toured the shipyard, including two amphibious warships currently under construction, Bougainville (LHA 8) and Harrisburg (LPD 30). "We were honored to highlight the critical work our Ingalls shipbuilders do every day in support of the Navy and Marine Corps team," Ingalls Shipbuilding Vice President of Quality and Engineering and incoming President Brian Blanchette said. "Every amphibious ship built at Ingalls refl
NEWPORT NEWS, Va., Nov. 19, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Newport News Shipbuilding division has successfully transferred the mid-body hull section of Gerald R. Ford-class aircraft carrier Enterprise (CVN 80), allowing the shipyard to begin the concurrent assembly of two Gerald R. Ford-class aircraft carriers in the same dry dock. The evolution began Thursday, Oct. 31 with the controlled process of slowly filling the dry dock with more than 100 million gallons of water, marking the first time CVN 80 has been floated. It was then transferred to the west end of the dry dock, where construction on the ship will continue. Early next year, the shipyard exp
NEWPORT NEWS, Va., Nov. 19, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII), America's largest military shipbuilder and provider of all-domain defense solutions, is celebrating National Apprenticeship Week from Nov. 17-23, honoring the essential role of apprenticeships in workforce development and skills training. National Apprenticeship Week is a nationwide celebration established by the U.S. Department of Labor to showcase and promote high-quality and in-demand career pathway opportunities through registered apprenticeship programs. With apprenticeship programs offered at each of HII's three divisions, HII is investing in the future by providing hands-on, structured training to develop the next
NEWPORT NEWS, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Newport News Shipbuilding division has completed post-shakedown availability (PSA) work on Virginia-class fast attack submarine USS Montana (SSN 794). The submarine was redelivered to the U.S. Navy Tuesday. "Redelivering USS Montana back to the fleet reflects the tremendous teamwork and accomplishment by our shipbuilders and the crew," said Jason Ward, NNS vice president of Virginia-class submarine construction. "This successful PSA demonstrates our commitment to building the finest submarines for the Navy and ensuring they are ready to carry out the mission defending our nation around the world." The PSA, a maintenanc
McLEAN, Va., Nov. 06, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Mission Technologies division was awarded a $197 million contract to support the U.S. Army Combat Capabilities Development Command's Ground Vehicle Systems Center (GVSC). HII was awarded this contract under the Department of Defense Information Analysis Center's (DoDIAC) multiple-award contract (MAC) vehicle. These IAC MAC task orders are awarded by the U.S. Air Force's 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the Defense Technical Information Center (DTIC) repository and the research and development and science and technology (S&T) community. Under
NEWPORT NEWS, Va., Nov. 06, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII), the nation's largest military shipbuilder, announced today that its Board of Directors has elected Kari Wilkinson to serve as president of the company's Newport News Shipbuilding (NNS) division, effective Jan. 1, 2025. She will succeed Jennifer Boykin, who is retiring from her position at year's end after 37 years with the company. The president of NNS, which is HII's largest division, oversees more than 26,000 shipbuilders who design, build, and maintain the world's most complex ships: nuclear-powered aircraft carriers and nuclear-powered submarines. "I have asked Jennifer to stay on in an advisory capacity thr
NEWPORT NEWS, Va., Nov. 01, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) hosted United Kingdom defense leaders at the company's Newport News Shipbuilding division Tuesday. Madelaine McTernan, chief of defence nuclear at the Ministry of Defence, led the U.K. delegation. Adm. William Houston, director of the U.S. Naval Nuclear Propulsion Program, accompanied them. "It was an honor to welcome the United Kingdom delegation to the shipyard and share best practices as we strengthen our partnership," NNS President Jennifer Boykin said. "We appreciate every opportunity to demonstrate the pride and commitment our shipbuilders have for building the nuclear-powered vessels our U.S. Navy needs to protect
McLEAN, Va., Oct. 31, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Mission Technologies division was awarded a $3 billion contract to provide strategic-level support to the U.S. Department of Defense (DOD) and its mission partners to enhance joint force capabilities and accelerate the application of solutions. The Logistics Services, ISR Operations and Next-Gen Technology (LOGIX) task order directly aligns with the DOD's Joint All-Domain Command and Control (JADC2) strategy to deliver information and decision advantage to enhance U.S. national security. "HII is committed to delivering exceptional all-domain solutions to facilitate innovation and advancements at the sp
NEWPORT NEWS, Va., Oct. 31, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) today reported results for the third quarter of fiscal 2024 and provided an update on its outlook. Highlights Third quarter revenues were $2.7 billionThird quarter net earnings were $101 million or $2.56 diluted earnings per shareThird quarter free cash flow1 was $136 millionCompany is providing updated fiscal 2024 outlookCompany is withdrawing 5-year free cash flow1 outlook Third Quarter Results Third quarter 2024 revenues of $2.7 billion were down 2.4% from the third quarter of 2023, driven by lower volume at Ingalls Shipbuilding and Newport News Shipbuilding, partially offset by growth at Mission Technologies. Oper
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NEWPORT NEWS, Va., Oct. 31, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) today reported results for the third quarter of fiscal 2024 and provided an update on its outlook. Highlights Third quarter revenues were $2.7 billionThird quarter net earnings were $101 million or $2.56 diluted earnings per shareThird quarter free cash flow1 was $136 millionCompany is providing updated fiscal 2024 outlookCompany is withdrawing 5-year free cash flow1 outlook Third Quarter Results Third quarter 2024 revenues of $2.7 billion were down 2.4% from the third quarter of 2023, driven by lower volume at Ingalls Shipbuilding and Newport News Shipbuilding, partially offset by growth at Mission Technologies. Oper
NEWPORT NEWS, Va., Oct. 30, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.35 per share, a $0.05 increase over the $1.30 per share dividend paid in each of the prior four quarters. The $1.35 per share dividend will be payable on Dec. 13, 2024, to shareholders of record as of the close of business on Nov. 29, 2024. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuild
NEWPORT NEWS, Va., Oct. 03, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) will release its third quarter 2024 financial results on Thursday, Oct. 31 and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII's website: https://www.hii.com/. HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to view these materials in conjunction with the call. Replays of the call will be available on the website for a limited time. About HII
Record second quarter revenues of $3.0 billion, up 6.8% compared to second quarter 2023Operating income of $189 million, up 21.2% compared to second quarter 2023Net earnings of $173 million or $4.38 diluted earnings per shareDelivered Virginia-class submarine New Jersey (SSN 796)Delivered amphibious transport dock Richard M. McCool Jr. (LPD 29)Company reaffirms previously issued shipbuilding guidance1Company raises the Mission Technologies revenue guidance range1Company reaffirms previously issued free cash flow2 outlook1 NEWPORT NEWS, Va., Aug. 01, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) reported second quarter 2024 revenues of $3.0 billion, up 6.8% from the second quarter of 2023, drive
NEWPORT NEWS, Va., July 30, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.30 per share, payable on Sept. 13, 2024, to shareholders of record as of the close of business on Aug. 30, 2024. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from
NEWPORT NEWS, Va., July 03, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) will release its second quarter 2024 financial results on Thursday, Aug. 1 and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII's website: https://www.hii.com/. HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to view these materials in conjunction with the call. Replays of the call will be available on the website for a limited time. About HII HII is a global, all
Record first quarter revenues of $2.8 billion, up 4.9% compared to first quarter 2023Operating income of $154 million, up 9.2% compared to first quarter 2023Net earnings of $153 million or $3.87 diluted earnings per shareNew contract awards of $3.1 billion, resulting in backlog of $48.4 billionCompany reaffirms previously issued financial guidance1 NEWPORT NEWS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) reported first quarter 2024 revenues of $2.8 billion, up 4.9% from the first quarter of 2023, driven primarily by growth at its Mission Technologies segment. Operating income in the first quarter of 2024 was $154 million and operating margin was 5.5%, compared to $141 million a
NEWPORT NEWS, Va., May 01, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.30 per share, payable on June 14, 2024, to shareholders of record as of the close of business on May 31, 2024. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from sh
NEWPORT NEWS, Va., April 04, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) will release its first quarter 2024 financial results on Thursday, May 2 and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII's website: https://www.hii.com/. HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to view these materials in conjunction with the call. Replays of the call will be available on the website for a limited time. About HII HII is a global, all-
NEWPORT NEWS, Va., Feb. 07, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.30 per share, payable on March 8, 2024, to shareholders of record as of the close of business on Feb. 23, 2024. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending
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HII's Mission Technologies division was awarded a $65 million task order to perform high-quality, specialized research and analysis for the Joint Staff J7, Deputy Director, Joint Warfighting Development. HII will support research and analysis in three areas. The first will focus on futures and concepts, to include developing a comprehensive view of the future operating environment. The second will focus on joint experimentation, to include informing and facilitating joint war gaming and integrated learning opportunities. The third will focus on wargaming for the Joint Staff J4 Logistics enterprise.
Citigroup analyst Jason Gursky initiates coverage on Huntington Ingalls Indus (NYSE:HII) with a Buy rating and announces Price Target of $310.
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Advent Technologies Holdings, Inc. (NASDAQ:ADN) On May 1, Advent Technologies approved a 1-for-30 reverse stock split. The co
HII, the leading manufacturer of underwater unmanned vehicles (UUVs), announced the recent sale of three REMUS 100s and five REMUS 300s to the Royal Navy. This transaction marks a significant milestone in the longstanding partnership between HII and the United Kingdom military to support the Royal Navy's capabilities in underwater exploration, countermine and surveillance programs.Over the past 20 years, the U.K.'s Ministry of Defence has acquired a mix of REMUS 100s, Remus 300s and REMUS 600s for mine countermeasure operations.The Ministry of Defence's first two REMUS 100s, acquired in 2001, are still in operation today, demonstrating the resilience and modernization capabilities of the HII
Huntington Ingalls Industries Inc (NYSE:HII) shares are trading lower after it reported first-quarter FY24 results. Sales and service revenue increased 4.9% Y/Y to $2.81 billion, beating the consensus of $2.79 billion. Revenues by segments: Ingalls Shipbuilding $655 million (+13.5% Y/Y), Newport News Shipbuilding $1.43 billion (-4.8% Y/Y) and Mission Technologies $750 million (+20.2% Y/Y). EPS of $3.87, up 19.8% Y/Y, beat the consensus of $3.49. Operating income increased 9.2% Y/Y to $154 million, and the margin expanded by 22 bps Y/Y to 5.5%. Segment operating income was $170 million (+9.0% Y/Y), and the margin was 6.1%, up 23 bps Y/Y. Huntington Ingalls's operating cash
HII Financial Outlook1 Reaffirming FY24 outlook Reaffirming 5 year (2024-2028) free cash flow2,3 outlook of $3.6B FY24 Outlook1 Shipbuilding Revenue2 $8.8B - $9.1B Shipbuilding Operating Margin2 7.6% - 7.8% Mission Technologies Revenue $2.7B - $2.75B Mission Technologies Segment Operating Margin2 3.0% - 3.5% Mission Technologies EBITDA Margin2 8.0% - 8.5% Operating FAS/CAS Adjustment ($63M) Non-current State Income Tax Benefit/Expense4 ~$0M Interest Expense ($90M) Non-operating Retirement Benefit $178M Effective Tax Rate ~21% Depreciation
Huntington Ingalls Indus (NYSE:HII) reported quarterly earnings of $3.87 per share which beat the analyst consensus estimate of $3.49 by 10.89 percent. This is a 19.81 percent increase over earnings of $3.23 per share from the same period last year. The company reported quarterly sales of $2.805 billion which beat the analyst consensus estimate of $2.793 billion by 0.41 percent. This is a 4.90 percent increase over sales of $2.674 billion the same period last year.
Richard M. McCool Jr. is the 13th San Antonio-class ship delivered by Ingalls and is the final Flight I transition ship before Ingalls moves into production of the LPD Flight II line.
Alembic Global Advisors downgraded Huntington Ingalls from Overweight to Neutral and set a new price target of $210.00
TD Cowen downgraded Huntington Ingalls from Buy to Hold and set a new price target of $180.00
Wolfe Research downgraded Huntington Ingalls from Outperform to Peer Perform
Vertical Research downgraded Huntington Ingalls from Buy to Hold and set a new price target of $275.00
JP Morgan downgraded Huntington Ingalls from Overweight to Neutral and set a new price target of $285.00 from $280.00 previously
Citigroup initiated coverage of Huntington Ingalls with a rating of Buy and set a new price target of $310.00
Barclays downgraded Huntington Ingalls from Overweight to Equal Weight and set a new price target of $280.00 from $250.00 previously
JP Morgan upgraded Huntington Ingalls from Neutral to Overweight and set a new price target of $247.00 from $250.00 previously
Deutsche Bank initiated coverage of Huntington Ingalls with a rating of Hold and set a new price target of $217.00
Barclays upgraded Huntington Ingalls from Equal Weight to Overweight and set a new price target of $270.00
NEWPORT NEWS, Va., July 15, 2024 (GLOBE NEWSWIRE) -- Shipbuilder and all-domain technologies provider HII (NYSE:HII) hosted Rep. Robert C. "Bobby" Scott, D-Va.; Rep. Rob Wittman, R-Va.; and a delegation of Australian parliamentarians at its Newport News Shipbuilding division Friday. The visit was held in support of the trilateral Australia, United Kingdom and United States (AUKUS) partnership. HII continues to bolster AUKUS, which set in motion tasking across all three countries to determine the optimal pathway to provide Australia with conventionally armed, nuclear-powered submarines. The Australian delegation included Milton Dick, speaker of the Australian House of Representatives; Aus
CANBERRA, Australia, June 03, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Mission Technologies division announced the appointment of Tim Brown as vice president of operations and Terry Nichols as the managing director for two HII business areas in Australia. Brown and Nichols will work from HII's Canberra office, and both will report directly to Michael Lempke, president of Mission Technologies' Nuclear and Environmental Services business group and the leader of HII's Australia operations working to advance the goals of the Australia-United Kingdom-United States (AUKUS) trilateral partnership on behalf of HII. Brown, as vice president of operations for HII Nuclear Australia Pty Ltd., will
PASCAGOULA, Miss., May 01, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Ingalls Shipbuilding division hosted a "signing day" for the 2024 graduates of its Shipbuilder Academy today at the shipyard. This year, 25 talented high school students were offered full-time positions at Ingalls, where they will begin their shipbuilding career following the completion of their education. Through hands-on training, mentorship, and classroom instruction, participants in the Ingalls Shipbuilding Academy (ISA) gain invaluable experience that prepares them with the skills and knowledge needed to excel in a shipbuilding career. "Today is a celebration of the students who have made the decision to de
PASCAGOULA, Miss., Jan. 11, 2023 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Ingalls Shipbuilding division promoted Kimberly Nastasi to vice president of the newly formed integrated communications and stakeholder engagement department. This new department will enhance communication and engagement with key stakeholders inside and outside of the shipbuilding community. As vice president of integrated communications and stakeholder engagement, Nastasi will report to Ingalls Shipbuilding President Kari Wilkinson and will be responsible for leading internal and external efforts in marketing and communications, special events, community relations, corporate stewardship and gover
MCLEAN, Va., June 10, 2022 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that Jeff Jackson has been named senior director of talent development for its Mission Technologies division. He will report to Melanie Anderson, Mission Technologies' senior vice president of human resources. In the new role, Jackson will lead talent strategies in alignment with Mission Technologies' strategic business and human capital objectives. This includes leadership development; coaching/mentoring; training; career paths; performance management; employee engagement; diversity, equity and inclusion; and other culture-shaping initiatives. With the successful integration of a series of strategic acquisitio
PASCAGOULA, Miss., March 10, 2022 (GLOBE NEWSWIRE) -- Global engineering and defense technologies provider HII (NYSE:HII) announced today the appointment of Donny Dorsey as vice president of operations at HII's Ingalls Shipbuilding division. Dorsey, formerly ship program manager for all DDG waterfront efforts at Ingalls Shipbuilding, replaces George Jones, who will retire April 1 after 37 years of service. "George's expertise in shipbuilding has influenced generations of shipbuilders and the capabilities of the shipyard," said Kari Wilkinson, president of Ingalls Shipbuilding. "We are grateful for his focus on execution excellence and for shaping our ‘shipyard of the future.' Thank you
NEWPORT NEWS, Va., March 09, 2022 (GLOBE NEWSWIRE) -- Global engineering and defense technologies provider HII (NYSE:HII) announced today that Xavier Beale has been appointed vice president of human resources and trades (HR&T) at the company's Newport News Shipbuilding division, effective April 1. Beale succeeds Susan Jacobs, who was appointed vice president, human resources and administration at HII's Ingalls Shipbuilding division. In this new role at Newport News, Beale will oversee human resources administration, employment, labor relations and recruitment, plus retain responsibilities of his previous role as vice president of trades. He will continue reporting to Jennifer Boykin, pres
NEWPORT NEWS, Va., Feb. 24, 2022 (GLOBE NEWSWIRE) -- Global engineering and defense technologies provider HII (NYSE:HII) announced today the promotion of Edmond Hughes to executive vice president and chief human resources officer. Hughes, formerly the vice president of human resources and administration contracts at HII's Ingalls Shipbuilding division and at Northrop Grumman Shipbuilding since 2006, will replace William "Bill" R. Ermatinger, who will retire on April 1 after 35 years of service. HII also appointed Susan Jacobs to replace Hughes as the vice president, human resources and administration of Ingalls Shipbuilding, effective April 1. "Bill's leadership has been critical to the e
NEWPORT NEWS, Va., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced Thursday its board of directors elected Chief Operating Officer Chris Kastner to become HII president and chief executive officer, consistent with the company's succession plan. The board also elected president and CEO Mike Petters to become executive vice chairman of the board for a transition period. Both changes are effective March 1. Petters and Kastner, who has acted over the past decade as chief financial officer, head of corporate strategy and divisional financial officer, are credited with nurturing the company's current $48 billion shipbuilding backlog. The pair also steered
BETHESDA, Md., June 16, 2021 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) (the "Company") announced the results of its 2021 annual meeting of stockholders held on June 16, 2021. As of April 19, 2021, the meeting's record date, there were 12,918,602 shares of the Company's Class A common stock outstanding, each entitled to one vote, and approximately 79.8 percent of those shares were represented at the annual meeting. The Company's stockholders passed all five proposals, including electing the eight director nominees for a term of one year; approving the Section 382 Right