HII Completes Builder's Sea Trials for USS Zumwalt, Marking a Modernization Milestone
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7h ago
0mins
Source: Globenewswire
- Successful Sea Trials: HII's Ingalls Shipbuilding division successfully completed builder's sea trials for USS Zumwalt (DDG 1000), marking a significant advancement in the modernization of the U.S. Navy's first Conventional Prompt Strike platform, enhancing naval strategic capabilities.
- Technology Upgrades: After arriving at the Pascagoula shipyard in August 2023, USS Zumwalt underwent major technology upgrades, including the integration of the Conventional Prompt Strike weapon system and the replacement of the original 155mm Advanced Gun Systems, significantly boosting its combat capabilities.
- Future Plans: USS Lyndon B. Johnson (DDG 1002) is also undergoing CPS weapon system integration at Ingalls, while USS Michael Monsoor (DDG 1001) is scheduled to receive the CPS system during future maintenance, further expanding the operational capabilities of Zumwalt-class destroyers.
- Strategic Importance: Zumwalt-class destroyers feature advanced electric propulsion systems and stealth designs, capable of executing a range of deterrence and sea control missions, ensuring the Navy's adaptability in evolving systems and missions, thereby enhancing national security.
Analyst Views on HII
Wall Street analysts forecast HII stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HII is 344.80 USD with a low forecast of 300.00 USD and a high forecast of 376.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
4 Buy
1 Hold
1 Sell
Moderate Buy
Current: 415.580
Low
300.00
Averages
344.80
High
376.00
Current: 415.580
Low
300.00
Averages
344.80
High
376.00
About HII
Huntington Ingalls Industries, Inc. is a global, all-domain defense provider. The Company delivers ships and all-domain solutions in service of the nation. It delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. It operates through three segments: Ingalls Shipbuilding (Ingalls), Newport News Shipbuilding (Newport News), and Mission Technologies. Through its Ingalls segment, the Company designs and constructs non-nuclear ships for the United States Navy and Coast Guard, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters (NSC). The core business of its Newport News segment is designing and constructing nuclear-powered aircraft carriers and submarines, and the refueling and overhaul and the inactivation of nuclear-powered aircraft carriers. The Company’s Mission Technologies segment develops integrated solutions that enable connected, all-domain force.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
