Huntington Ingalls Industries is an American military shipbuilding company and a supplier of specialised services to the government and other industry partners. The company was incorporated on March 31st, 2011, by Collis Potter Huntington and Robert
Huntington Ingalls Industries is an American military shipbuilding company and a supplier of specialised services to the government and other industry partners. The company was incorporated on March 31st, 2011, by Collis Potter Huntington and Robert Ingersoll Ingalls, Sr. The Company was first listed as an S&P 500 component on January 3rd, 2018, and employs more than 42,000 individuals, domestically and internationally.
HII is headquartered in Newport News, Virginia and encompasses three divisions- Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company’s Technical Solutions division supplies an extensive range of professional services through its Oil and Gas groups, Nuclear and Environmental, Fleet Support, and Mission Driven Innovative Solutions.
On February 2020, the company announced the acquisition of Hydroid Inc., a key provider of exceptional marine robotics to the defence and maritime markets. Another notable acquisition of Huntington Ingalls Industries was with Fulcrum IT Services, LLC in February 2019. The overall cost of the investments was more than $350 million. Huntington Ingalls Industries has invested in many sectors like Industrial Robotics, Maritime Tech and many more.
The company reported its third-quarter revenue of 2020 at $2.3 billion, up 4.3% from the third-quarter revenue of 2019. The Huntington Ingalls Industries shares prices trade on the New York Stock Exchange, under ticker symbol HII. The company had been issuing scholarships for the last five years, and till date 767 scholarships have been accorded or renewed, worth more than $2 million. The company helps in providing educational opportunities to 462 children of employees across HII organisation.
The company has been awarded $936 million contract to construct an additional Flight III destroyer for the US. In 2019, it was awarded Virginia Community College System’s Chancellor Award for philanthropy. The employees of HII received different awards and recognitions for their incredible effort in shaping the organisation. Huntington Ingalls Industries ranked 371st on the Fortune 500 list. The US Department of Energy (DOE) has granted a Nationwide Remediation Partners, a joint endeavour conducted by HII Nuclear, to provide extensive de-activation, deactivating and removal services at excess DOE facilities.
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