U.S. defense contractor Huntington Ingalls Industries (NYSE:HII) announced Wednesday that its Ingalls Shipbuilding division has been selected to repair the guided missile destroyer USS Fitzgerald (DDG 62) at its shipyard in Pascagoula, Mississippi when it returns to United States for repairs. Earlier this month the U.S. Navy issued a tender seeking a commercial … [Read more...]
Huntington Ingall to Pay $9.2 Million to Settle False Billing Allegations
U.S. government shipbuilder and defense contractor Huntington Ingalls Industries Inc. (HII) has agreed to pay $9.2 million to settle allegations that it violated the False Claims Act by knowingly overbilling the government for labor on U.S. Navy and Coast Guard ships at its shipyard in Pascagoula, Mississippi. Under the settlement, HII will make an additional payment of $7.9 … [Read more...]
WATCH: Huntington Ingalls Launches Latest Arleigh Burke-class Destroyer
Huntington Ingalls Industries’ (NYSE:HII) Ingalls Shipbuilding division has launched Paul Ignatius (DDG 117), the company’s 31st and latest Arleigh Burke-class (DDG 51) guided missile destroyer. Paul Ignatius was translated via Ingalls’ rail car system to a floating dry dock, which was moved away from the pier and ballasted to float the ship last Saturday. Ingalls has … [Read more...]
Huntington Ingalls Looking to Diversify with Bid for Services Company Camber, Sources Say
By Mike Stone Oct 21 (Reuters) - Huntington Ingalls Industries Inc is in talks to buy government services contractor Camber Corp for nearly $400 million as the U.S.'s largest military shipbuilder diversifies, people familiar with the situation said. Expanding its government services and contracting business could help Huntington grow outside of shipbuilding and help the … [Read more...]
WATCH: 900-Ton Ford Class Superlift at Newport News Shipbuilding
Huntington Ingalls' Newport New Shipbuilding recently conducted a 900-ton superlift in the construction of the nuclear-powered aircraft carrier John F. Kennedy (CVN 79), the U.S. Navy's next generation aircraft carrier. At 900 tons, the lift was equivalent to lifting about two Boeing 747's at their maximum take-off weight. CVN-79 is the second Gerald R. … [Read more...]
Pentagon Orders Review of Troubled New Carrier
by Anthony Capaccio (Bloomberg) The Pentagon’s top weapons buyer has ordered an independent review of the $12.9 billion Gerald R. Ford aircraft carrier, citing a list of actual and potential deficiencies with the costliest warship ever. “With the benefit of hindsight, it was clearly premature to include so many unproven technologies” on the vessel, from those … [Read more...]
Huntington Ingalls CEO Urges Speedup of U.S. Navy’s Next Amphibious Ship Program
By Andrea Shalal WASHINGTON, March 29 (Reuters) - Huntington Ingalls Industries Inc Chief Executive Mike Petters urged the U.S. Navy to accelerate its new LX(R) dock landing ship program to fiscal 2018 from 2020 to avoid significant costs associated with restarting a production line. The production-line gap would occur when building of the LPD-28 warship ends about two … [Read more...]