Newport News Shipbuilding Celebrates 140 Years of Service
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: Newsfilter
- Rich History: Since its establishment in 1886, Newport News Shipbuilding has delivered over 800 ships to the U.S. Navy and commercial customers, showcasing its excellence and ongoing contributions in shipbuilding.
- Employee Scale: Currently, the shipyard employs 26,000 shipbuilders, making it the largest industrial employer in Virginia, highlighting its significant role and impact on the local economy.
- Diverse Operations: The shipyard not only designs and builds nuclear-powered aircraft carriers and submarines but also maintains and deactivates them, ensuring the U.S. Navy's maritime strength, reflecting its strategic importance in national defense.
- Legacy and Growth: President Kari Wilkinson emphasized that for 140 years, generations of shipbuilders have carried forward the proud tradition of shipbuilding, continuing to serve the nation, which underscores the deep cultural heritage and social responsibility of the company.
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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: 425.390
Low
300.00
Averages
344.80
High
376.00
Current: 425.390
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.
Newport News Shipbuilding Celebrates 140 Years of Service
- Rich History: Since its establishment in 1886, Newport News Shipbuilding has delivered over 800 ships to the U.S. Navy and commercial customers, showcasing its excellence and ongoing contributions in shipbuilding.
- Employee Scale: Currently, the shipyard employs 26,000 shipbuilders, making it the largest industrial employer in Virginia, highlighting its significant role and impact on the local economy.
- Diverse Operations: The shipyard not only designs and builds nuclear-powered aircraft carriers and submarines but also maintains and deactivates them, ensuring the U.S. Navy's maritime strength, reflecting its strategic importance in national defense.
- Legacy and Growth: President Kari Wilkinson emphasized that for 140 years, generations of shipbuilders have carried forward the proud tradition of shipbuilding, continuing to serve the nation, which underscores the deep cultural heritage and social responsibility of the company.
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HII Appoints Fatina Brave as VP of Infrastructure and Sustainability
- Executive Appointment: HII has announced the appointment of Fatina Brave as Vice President of Infrastructure and Sustainability at Ingalls Shipbuilding, succeeding Eric Crooker, who will transition to Vice President of Program Management, indicating a strategic leadership shift within the company.
- Background Experience: Brave brings a unique combination of U.S. Air Force service and 15 years of leadership in human resources at Ingalls, demonstrating her commitment to talent development and organizational growth, aligning with the company's future aspirations.
- Scope of Responsibilities: She will oversee environmental, health, safety, security, facilities, and maintenance operations at Ingalls, aiming to enhance operational efficiency and drive the adoption of new technologies and equipment to strengthen the shipyard's overall competitiveness.
- Organizational Changes: This appointment follows the retirement of George Nungesser, marking another significant change in HII's executive team, reflecting the company's emphasis on infrastructure and operational strategies to further drive business growth.
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