Huntington Ingalls Industries has announced the closing of the sale of the former Avondale Shipyards site to Avondale Marine, a joint venture between T. Parker Host and Hilco Redevelopment Partners, which has to redevelop the New Orleans-area property into a global logistics hub. The Avondale facility, part of HII’s Ingalls Shipbuilding division, ceased its Navy shipbuilding … [Read more...]
U.S. Navy Asks Huntington Ingalls for Pricing on Two New Aircraft Carriers
WASHINGTON, March 19 (Reuters) - The U.S. Navy asked shipbuilder Huntington Ingalls Industries on Monday for detailed pricing on the cost of two aircraft carriers, showing the Trump administration is taking a serious look at doubling its order for the most expensive ship in the U.S. fleet. The Navy's request seeks to determine the savings achievable with a two-ship … [Read more...]
USS Fitzgerald Headed to Ingalls Shipbuilding in Pascagoula for Repairs
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...]