United States

Profile: Huntington Ingalls Industries Inc (HII.N)

HII.N on New York Stock Exchange

24 Feb 2017
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Huntington Ingalls Industries, Inc. (HII), incorporated on August 4, 2010, designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard. The Company operates its shipbuilding business through Huntington Ingalls Incorporated subsidiary, which is organized into two segments: Ingalls Shipbuilding (Ingalls), which includes non-nuclear ship design, construction, repair and maintenance businesses, and Newport News Shipbuilding (Newport News), which includes the nuclear ship design, construction, overhaul, refueling, and repair and maintenance businesses. The Company designs and builds nuclear-powered submarines for the United States Navy and builds the Navy's fleet of DDG51 Arleigh Burke-class destroyers. The Company provides refueling and complex overhaul services for nuclear-powered aircraft carriers. It is also a full-service systems provider for the design, engineering, construction and life cycle support of programs for surface ships, and a provider of fleet support and maintenance services for the United States Navy. The Company conducts all of its business with the United States Government, principally the Department of Defense (DoD). The Company provides a range of services to the energy, and oil and gas industries, as well as government customers.

Ingalls Shipbuilding

The Company, through its Ingalls segment, designs and constructs non-nuclear ships for the United States Navy and the United States Coast Guard, including amphibious assault ships, surface combatants, and NSCs. The Company supplies amphibious assault ships to the United States Navy and has built approximately 30 of the 62 DDG51 Arleigh Burke-class of Aegis guided missile destroyers in active service. It also builds the multi-mission NSCs for the United States Coast Guard. Its Ingalls shipbuilding site is located in Pascagoula, Mississippi. This shipyard offers a collection of manufacturing capabilities that include an approximately 660 ton gantry crane and a land-based test facility.

The Company supplies to the United States Navy of amphibious assault and expeditionary warfare ships, which include the United States Navy large deck amphibious ships (LHA) and amphibious transport dock ships (LPD). The LHA is a component of the United States Navy-Marine Corps requirement for approximately 10 Expeditionary Strike Groups/Amphibious Readiness Groups, and designs construction and modernization of LHAs core to its Ingalls operations. In addition, the Company is focused on constructing DDG-113 John Finn and DDG-114 Ralph Johnson.

Newport News Shipbuilding

The Company's Newport News operations extend from its core business of designing and constructing nuclear-powered ships, such as aircraft carriers and submarines, and the refueling and overhaul and the inactivation of such ships to its secondary businesses that are focused on the construction of heavy manufacturing equipment for commercial nuclear power facilities and the operation, management and cleanup of environmental hazard sites through Department of Energy (DoE) programs. The Company's Newport News shipyard is located on approximately 550 acres near the James River, which adjoins the Chesapeake Bay. The shipyard has approximately two miles of waterfront property and heavy industrial facilities, which include over seven graving docks, a floating dry dock, approximately two outfitting berths, over five outfitting piers, module outfitting facilities and various other workshops. The Company's Newport News shipyard also has approximately 2,170 foot dry dock and over 1,050 ton gantry crane. Engineering, design and construction of the United States Navy nuclear aircraft carriers are core to Newport News Shipbuilding operations.

The Company is a contractor for nuclear aircraft carrier Refueling and Complex Overhaul (RCOH). RCOH services include propulsion work (refueling of reactors, propulsion plant modernization and propulsion plant repairs) restoration of service life (dry docking, tank and void maintenance; hull, shafting, propellers and rudders; launch and recovery system; piping repairs, and component refurbishment) and modernization (electrical systems, aviation support systems, warfare, interoperability and environmental compliance). The Company provides ongoing maintenance services for the United States Navy aircraft carrier fleet through both RCOH and on-site fleet repair work.

The Company's fleet support provides life cycle services, including depot maintenance, modernization, repairs, logistics and technical support, and planning yard services for naval and commercial vessels through its AMSEC and Continental Maritime of San Diego, Inc. (CMSD) subsidiaries. The Company has ship repair facilities in Newport News, Virginia, and San Diego, California. AMSEC provides naval architecture and marine engineering, ship system assessments, maintenance engineering and logistics services to the United States Navy and commercial maritime industry from around 27 locations around the world. Through CMSD, a master ship repair contractor, the Company provides ship repair, regular overhaul and selected restricted availability services for the United States Navy. It also performs emergent repair for the United States Navy on several classes of ships.

The Company, through its subsidiary, Stoller Newport News Nuclear, Inc. (SN3), provides technical, environmental, ecological, waste management, remediation and consultation services to private sector companies and the DoE. Newport News Industrial Corporation (NNI) provides a range of support services to commercial nuclear power plants, including support for nuclear energy facilities, as well as for fossil power plants and other industrial facilities. NNI offers fabrication services, construction services, equipment services, technical services and product sales to its customers, which include both private industry and government entities, such as the DoE and the DoD.

The Company competes with General Dynamics Corporation.

Company Address

Huntington Ingalls Industries Inc

4101 Washington Ave
NEWPORT NEWS   VA   23607-2734
P: +1757.3802000
F: +1302.6555049

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