Profile: Huntington Ingalls Industries Inc (HII.N)
17 Dec 2014
Huntington Ingalls Industries, Inc. (HII), incorporated on August 4, 2010, owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding. Through the Company’s Ingalls segment, it is a supplier and builder of amphibious assault and expeditionary ships to the United States Navy, the builder of National Security Cutters for the United States Coast Guard, and one of the two companies that builds the United States Navy’s fleet of DDG-51 Arleigh Burke-class destroyers. Through the Company’s Newport News segment, it is an industrial designer, builder, and refueler of nuclear-powered aircraft carriers, and one of the two companies designing and building nuclear-powered submarines for the United States Navy. It is a full-service provider for the design, engineering, construction, and life cycle support of major surface ship programs for the United States Navy. It conducts all of its business with the United States Government, principally the Department of Defense (DoD). In January 2014, HII acquired The S.M. Stoller Corporation. Effective June 2, 2014, HII acquired UniversalPegasus International Inc.
HII’s Newport News operations extend from its core nuclear business of designing and constructing nuclear-powered ships, such as aircraft carriers and submarines, and the refueling and overhaul of such ships, to its secondary businesses that are focused on the construction of heavy manufacturing equipment for commercial nuclear power facilities and the operations, management and cleanup of environmental hazard sites through Department of Energy (DoE) cleanup programs. The Company’s Newport News shipyard is in the United States. Its facilities are located on approximately 550 acres on the mouth of the James River, which adjoins the Chesapeake Bay. The shipyard has two miles of waterfront property and heavy industrial facilities that include seven graving docks, a floating dry dock, two outfitting berths, five outfitting piers, a module outfitting facility and various other workshops. Its Newport News shipyard also has a 2,170-foot dry dock and a 1,050-ton gantry crane capable of servicing two aircraft carriers at one time.
The Company engineers, designs and constructions of United States Navy nuclear aircraft carriers. Aircraft carriers are the largest ships in the United States Navy’s fleet, with a weight displacement of about 90,000 tons. It has been engaged in design work on the next generation aircraft carrier, the CVN-78 Gerald R. Ford-class. The Company designs and builds nuclear-powered submarines for the United States Navy. As of December 31, 2011, the Company had delivered 57 submarines to the United States Navy, consists of 43 fast attacks and 14 ballistic missile submarines. Of the 54 nuclear-powered fast attack submarines in active service, 26 were delivered by Newport News. Its nuclear submarine program, located at its Newport News shipyard, includes construction, engineering, design, research and integrated planning. Through its subsidiary Newport News Industrial Corporation (NNI), to provide a range of services to the energy and petrochemical industries, as well as government customers. It has a 34% ownership stake in Savannah River Nuclear Solutions, LLC (SRNS). It is minority owners of AREVA Newport News, LLC (AREVA Newport News). Newport News Industrial Corporation (NNI) provides a range of support services to operating commercial nuclear power plants.
Through HII’s Ingalls operations, the Company designs and constructs non-nuclear ships for the United States Navy and United States Coast Guard, including amphibious assault ships, surface combatants and National Security Cutters. It is the supplier of amphibious assault ships to the United States Navy and built 28 of the 62-ship DDG-51 Arleigh Burke-class of Aegis guided missile destroyers in active service. It is also the supplier of the large multi-mission National Security Cutters for the United States Coast Guard. Its Ingalls shipbuilding sites are located in Pascagoula, Mississippi, Gulfport, Mississippi, and Avondale, Louisiana. During the year ended December 31, 2011, the Company closed and terminated its lease on a components facility in Tallulah, Louisiana and ceased operations at a facility in Waggaman, Louisiana. Its various Ingalls facilities offer a collection of manufacturing capabilities, such as a 660-ton gantry crane, a shipbuilding facility focused on composite research and engineering and a Land Based Test Facility.
The Company provides amphibious assault and expeditionary warfare ships to the United States Navy. Those ships include the United States Navy large deck amphibious ships (LHA), amphibious transport dock ships (LPD) and multi-purpose amphibious assault ships (LHD). The LHA is a key component of the United States Navy-Marine Corps requirement for 11 Expeditionary Strike Groups/Amphibious Readiness Groups, and design, construction and modernization of LHAs are core to its Ingalls operations. It is the design agent for and one of the two companies that constructs the DDG-51 Arleigh Burke-class guided missile destroyers, as well as major components for the DDG-1000 Zumwalt-class of land attack destroyers. It has delivered 28 DDG-51 Arleigh Burke-class destroyers to the United States Navy, including DDG-107 USS Gravely and DDG-110 William P. Lawrence. The United States Coast Guard’s Deepwater Modernization Program is designed to replace aging and operationally expensive ships and aircraft used to conduct missions in excess of 50 miles from the shoreline.
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 (CMSD) subsidiaries. It has ship repair facilities in Newport News, Virginia, and San Diego, California, which are near the United States Navy’s homeports of Norfolk, Virginia and San Diego, respectively. 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 28 locations nationwide and overseas.
The Company competes with General Dynamics.
Huntington Ingalls Industries Inc
909-7, 7J2, 4101 WASHINGTON AVEN
NEWPORT NEWS VA 23607