Latest news with #HII
Yahoo
7 hours ago
- Business
- Yahoo
REMUS 620 Validated for Torpedo Tube Deployment
Joint Team Hits Key Milestone in Submarine-Launched UUV Ops POCASSET, Mass., July 23, 2025 (GLOBE NEWSWIRE) -- A joint team from HII (NYSE: HII), Woods Hole Oceanographic Institution (WHOI), and U.S. Navy's Naval Undersea Warfare Center Division Newport (NUWCDIVNPT) recently completed a major milestone in advancing the U.S. Navy Submarine Force's initiative to launch and recover autonomous undersea vehicles from submarine torpedo tubes. A test by the joint team confirmed the compatibility of the REMUS 620 with the SAFECAP, Virginia-class submarine weapons handling and torpedo tube systems, and other critical interfaces. 'This clears the way for continued testing in advance of an in-water end-to-end launch and recovery at a U.S. Navy test fixture facility later this summer,' said Adrian Gonsalves, HII's REMUS 620 product lead. Rick Thornton, NUWCDIVNPT Code 459, stated, 'Our team appreciated the early coordination with HII and WHOI. The REMUS 620 team arrived ready to go, and all events were executed safely and efficiently with good information exchange throughout. Much appreciate the full test team for its efforts.' A photo accompanying this release is available at: HII's next-generation medium uncrewed underwater vehicle (MUUV) fitted with WHOI's Yellow Moray docking technology, successfully completed a full end-to-end dry checkout of the Autonomous Underwater Vehicle/Shock and Fire Enclosure Capsule (AUV/SAFECAP) "All-Up Round" (AUR) in the Virginia-class Cradle Payload Integration Facility (VCCPIF) and its Mk71 torpedo tube. This follows USS Delaware (SSN 791), built by HII, successfully completing the first-ever forward-deployed launch and recovery of a UUV via submarine torpedo tube with the Yellow Moray equipped REMUS 600 UUV. HII is expanding the U.S. Navy's undersea dominance and range with state-of-the-art REMUS technology and delivery. About the REMUS UUV The REMUS UUV family delivers critical advantages across modern naval operations and the autonomous systems have been proven to operate independently or in conjunction with crewed platforms — such as Virginia-class nuclear submarines — to extend mission range, reduce detection risk, and limit personnel exposure. The REMUS open-architecture design allows rapid payload integration, enabling mission-specific configurations and future tech insertions — key factors in maintaining operational relevance and cost efficiency over time. To date, HII has sold more than 700 REMUS vehicles to over 30 countries, including 14 NATO members. Notably, over 90% of REMUS units delivered in the past 23 years remain in service, demonstrating platform durability and lifecycle value — both critical in defense acquisition decision-making. 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 ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII's workforce is 44,000 strong. For more information, visit: HII on the web: HII on Facebook: HII on X: HII on Instagram: Contact: Greg McCarthy(202) A photo accompanying this announcement is available at in to access your portfolio
Globe and Mail
2 days ago
- Business
- Globe and Mail
HII Summer Interns Research Top Use Cases for AI, Present Findings to Company Leadership
NEWPORT NEWS, Va., July 21, 2025 (GLOBE NEWSWIRE) -- HII's (NYSE: HII) summer interns are collaborating on a research project designed to investigate the top use cases for artificial intelligence in HII's corporate office. 'Internships are an invaluable way of developing the next generation of leaders to help shape the future of our company and the shipbuilding industry,' said Edmond Hughes, executive vice president and chief human resources officer at HII. 'At a time when there is a generational increase in demand for ships, manufacturing labor challenges and rising wages in the industry, we need to seriously focus on attracting the brightest and best that can solve the challenges of today and tomorrow.' This cohort-led project by HII corporate office interns explores how AI can enhance current processes at the company's headquarters. The intern team conducted research and interviews, developed surveys, and worked across departments to reach their conclusions and develop a comprehensive presentation for senior leadership. 'This experience has been an incredible opportunity to apply what I've learned at school to a real world setting,' said Courtney Cruce, a HII intern and rising senior at Virginia Tech. 'Researching AI has proved to be challenging but very rewarding.' Photos accompanying this release are available at: HII offers summer internship opportunities with the HII corporate office and all three HII divisions: Ingalls Shipbuilding, Mission Technologies and Newport News Shipbuilding. Summer interns work full-time (40 hours a week) for 10 consecutive weeks and are able to gain invaluable experience that prepares them with the skills and knowledge needed to start a rewarding career serving national defense. 'To attract the best we know it is key to offer interns competitive pay, and in select locations provide those we can with housing assistance,' Hughes said. 'The more assistance we can provide enables a larger pool of interns we can attract. It's a win-win.' HII will start accepting applications for 2026 summer internships this fall. To learn more about internship and career opportunities at HII, visit 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 ships to uncrewed systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII's workforce is 44,000 strong. For more information, visit: Contact:
Yahoo
2 days ago
- Business
- Yahoo
HII Summer Interns Research Top Use Cases for AI, Present Findings to Company Leadership
NEWPORT NEWS, Va., July 21, 2025 (GLOBE NEWSWIRE) -- HII's (NYSE: HII) summer interns are collaborating on a research project designed to investigate the top use cases for artificial intelligence in HII's corporate office. 'Internships are an invaluable way of developing the next generation of leaders to help shape the future of our company and the shipbuilding industry,' said Edmond Hughes, executive vice president and chief human resources officer at HII. 'At a time when there is a generational increase in demand for ships, manufacturing labor challenges and rising wages in the industry, we need to seriously focus on attracting the brightest and best that can solve the challenges of today and tomorrow.' This cohort-led project by HII corporate office interns explores how AI can enhance current processes at the company's headquarters. The intern team conducted research and interviews, developed surveys, and worked across departments to reach their conclusions and develop a comprehensive presentation for senior leadership. 'This experience has been an incredible opportunity to apply what I've learned at school to a real world setting,' said Courtney Cruce, a HII intern and rising senior at Virginia Tech. 'Researching AI has proved to be challenging but very rewarding.'Photos accompanying this release are available at: HII offers summer internship opportunities with the HII corporate office and all three HII divisions: Ingalls Shipbuilding, Mission Technologies and Newport News Shipbuilding. Summer interns work full-time (40 hours a week) for 10 consecutive weeks and are able to gain invaluable experience that prepares them with the skills and knowledge needed to start a rewarding career serving national defense. 'To attract the best we know it is key to offer interns competitive pay, and in select locations provide those we can with housing assistance,' Hughes said. 'The more assistance we can provide enables a larger pool of interns we can attract. It's a win-win.' HII will start accepting applications for 2026 summer internships this fall. To learn more about internship and career opportunities at HII, visit 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 ships to uncrewed systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII's workforce is 44,000 strong. For more information, visit: HII on the web: HII on Facebook: HII on X: HII on Instagram: Contact: Danny 264-7143 A photo accompanying this announcement is available at
Yahoo
3 days ago
- Business
- Yahoo
What to Expect From Huntington Ingalls' Q2 2025 Earnings Report
Newport News, Virginia-based Huntington Ingalls Industries, Inc. (HII) designs, builds, overhauls, and repairs military ships in the United States. With a market cap of $10 billion, the company operates through three segments: Ingalls, Newport News, and Mission Technologies. HII is scheduled to report its Q2 earnings on Thursday, July 31, before the market opens. Ahead of this event, analysts expect the company to report a profit of $3.23 per share, down 26.3% from $4.38 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in two of the past four quarters, while missing on two other occasions. More News from Barchart It's Never 'Happened in the History of Tech to Any Company Before': OpenAI's Sam Altman Says ChatGPT is Growing at an Unprecedented Rate Ditch 'Basic' Nvidia and Buy This 'Unique' Chip Stock Instead Tesla Earnings, Powell Speech and Other Can't Miss Items this Week Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For fiscal 2025, analysts expect HII to report an EPS of $14.42, up 3.3% year over year from $13.96 in fiscal 2024. Moreover, in FY2026, the company's EPS is expected to rise 14.2% annually to $16.47. HII stock has declined 4.8% over the past 52 weeks, underperforming the Industrial Select Sector SPDR Fund's (XLI) 20.6% surge and the S&P 500 Index's ($SPX) 13.6% uptick during the same time frame. HII shares plunged 1.2% following the release of its Q1 earnings on May 1. The company's total sales and service revenue declined 2.5% year-over-year to $2.7 billion, mainly caused by weak performance across all three of its reportable segments, and fell short of the Wall Street estimates. However, despite a 2.1% year-over-year fall in its adjusted EPS to $3.79, it surpassed the consensus estimates by 30.7%. Wall Street analysts are moderately bullish about HII's stock, with a "Moderate Buy" rating overall. Among 11 analysts covering the stock, four suggest a 'Strong Buy,' six suggest a 'Hold,' and one recommends a 'Moderate Sell.' HII's average analyst price target of $256 indicates a marginal potential upside from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
3 days ago
- Business
- Yahoo
2 Industrials Stocks with Exciting Potential and 1 We Turn Down
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems confused about where we could go next. This uncertainty has led to a flat return for the industry over the past six months while the S&P 500 was up 4.1%. Despite the lackluster result, a few diamonds in the rough can produce earnings growth no matter what, and we started StockStory to help you find them. With that said, here are two industrials stocks we think can generate sustainable market-beating returns and one that may face trouble. One IndustrialsStock to Sell: Huntington Ingalls (HII) Market Cap: $9.99 billion Building Nimitz-class aircraft carriers used in active service, Huntington Ingalls (NYSE:HII) develops marine vessels and their mission systems and maintenance services. Why Should You Sell HII? Sales pipeline suggests its future revenue growth may not meet our standards as its average backlog growth of 1.8% for the past two years was weak 9.2 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position Waning returns on capital imply its previous profit engines are losing steam Huntington Ingalls's stock price of $257.50 implies a valuation ratio of 18x forward P/E. If you're considering HII for your portfolio, see our FREE research report to learn more. Two Industrials Stocks to Watch: DXP (DXPE) Market Cap: $1.56 billion Founded during the emergence of Big Oil in Texas, DXP (NASDAQ:DXPE) provides pumps, valves, and other industrial components. Why Could DXPE Be a Winner? Operating profits and efficiency rose over the last five years as it benefited from some fixed cost leverage Performance over the past two years was turbocharged by share buybacks, which enabled its earnings per share to grow faster than its revenue Rising returns on capital show management is finding more attractive investment opportunities At $101.30 per share, DXP trades at 18.1x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. Leonardo DRS (DRS) Market Cap: $12.8 billion Developing submarine detection systems for the U.S. Navy, Leonardo DRS (NASDAQ:DRS) is a provider of defense systems, electronics, and military support services. Why Should DRS Be on Your Watchlist? Demand is greater than supply as the company's 54.4% average backlog growth over the past two years shows it's securing new contracts and accumulating more orders than it can fulfill Performance over the past two years shows its incremental sales were extremely profitable, as its annual earnings per share growth of 17.5% outpaced its revenue gains Free cash flow margin grew by 4.7 percentage points over the last five years, giving the company more chips to play with Leonardo DRS is trading at $47.83 per share, or 44.2x forward P/E. Is now a good time to buy? See for yourself in our full research report, it's free. High-Quality Stocks for All Market Conditions Trump's April 2024 tariff bombshell triggered a massive market selloff, but stocks have since staged an impressive recovery, leaving those who panic sold on the sidelines. Take advantage of the rebound by checking out our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
