Huntington Ingalls Industries Company Overview
What is the Stock Ticker for Huntington Ingalls Industries?
The stock ticker for Huntington Ingalls Industries is HII.
Where is the Huntington Ingalls Industries headquarters?
The headquarters of Huntington Ingalls Industries is located in Newport News, Virginia, United States.
What Does Huntington Ingalls Industries Do?
Huntington Ingalls Industries is a company that designs, builds, and maintains ships and submarines for the United States Navy and Coast Guard. They also provide engineering, logistics, and technical support services for various government and commercial customers.
How Does Huntington Ingalls Industries Make Money?
Huntington Ingalls Industries (HII) is a company that primarily operates in the shipbuilding industry. The company designs, builds, and maintains a wide range of ships for the United States Navy and other customers. HII also provides engineering, logistics, and technical support services to its customers.
HII makes money through several revenue streams. The majority of its revenue comes from shipbuilding contracts with the US Navy. The company has a long-standing relationship with the Navy and has been awarded contracts to build a variety of ships, including aircraft carriers, submarines, and destroyers. These contracts are typically awarded through a competitive bidding process, and HII must meet strict quality and performance standards to maintain its relationship with the Navy.
In addition to shipbuilding, HII also generates revenue through its technical solutions division. This division provides engineering, logistics, and technical support services to the Navy and other customers. These services include maintenance and repair, modernization, and training. HII also provides cybersecurity and information technology services to government and commercial customers.
HII also generates revenue through its Newport News Shipbuilding division, which provides maintenance, repair, and overhaul services for nuclear-powered aircraft carriers and submarines. This division also provides engineering and design services for new ship construction.
Overall, HII's revenue is primarily generated through shipbuilding contracts with the US Navy, supplemented by revenue from its technical solutions and Newport News Shipbuilding divisions. The company's success is dependent on its ability to win and execute these contracts, as well as its ability to provide high-quality services to its customers.
Who Founded Huntington Ingalls Industries?
Huntington Ingalls Industries was founded by Mike Petters in 2011, following the spin-off of Northrop Grumman's shipbuilding sector.
What is the History of Huntington Ingalls Industries?
Huntington Ingalls Industries (HII) is a shipbuilding company that was formed in 2011 as a spin-off from Northrop Grumman. However, the company's roots can be traced back to the late 19th century when the Newport News Shipbuilding and Drydock Company was founded in Virginia.
Over the years, Newport News Shipbuilding became one of the largest shipbuilding companies in the world, building ships for both the US Navy and commercial customers. During World War II, the company built numerous warships, including aircraft carriers, battleships, and submarines.
In 2001, Newport News Shipbuilding merged with Northrop Grumman, a defense contractor, to form Northrop Grumman Shipbuilding. The company continued to build ships for the US Navy, including the Nimitz-class aircraft carriers and Virginia-class submarines.
In 2011, Northrop Grumman spun off its shipbuilding division, which became Huntington Ingalls Industries. Today, HII is the largest military shipbuilding company in the United States, building ships for the US Navy and Coast Guard. The company's products include aircraft carriers, submarines, destroyers, and amphibious assault ships.
What Industry is Huntington Ingalls Industries In?
Huntington Ingalls Industries is in the shipbuilding and defense contracting industry.
What Are Huntington Ingalls Industries's Competitive Advantages?
1. Strong Reputation: Huntington Ingalls Industries has a strong reputation in the defense industry, particularly in the shipbuilding sector. The company has a long history of delivering high-quality products and services to its customers, which has helped it to establish a loyal customer base.
2. Technological Expertise: The company has a strong focus on innovation and technology, which has helped it to stay ahead of its competitors. Huntington Ingalls Industries invests heavily in research and development to develop new products and services that meet the evolving needs of its customers.
3. Scale and Scope: The company is one of the largest shipbuilders in the world, with a broad range of capabilities that enable it to offer a wide range of products and services to its customers. This scale and scope give the company a significant advantage over smaller competitors.
4. Strong Relationships with Customers: Huntington Ingalls Industries has built strong relationships with its customers over the years, which has helped it to win repeat business and secure new contracts. The company's focus on customer satisfaction has helped it to establish a reputation as a reliable and trustworthy partner.
5. Experienced Workforce: The company has a highly skilled and experienced workforce, which is critical to its success. Huntington Ingalls Industries invests heavily in training and development to ensure that its employees have the skills and knowledge they need to deliver high-quality products and services.
What Are Huntington Ingalls Industries's Competitive Threats?
Some competitive threats to Huntington Ingalls Industries include:
1. Other shipbuilding companies: There are several other shipbuilding companies that compete with Huntington Ingalls Industries, such as General Dynamics, BAE Systems, and Navantia.
2. Foreign competition: There are also several foreign shipbuilding companies that could pose a threat to Huntington Ingalls Industries, such as Hyundai Heavy Industries, Mitsubishi Heavy Industries, and China Shipbuilding Industry Corporation.
3. Changes in government spending: Huntington Ingalls Industries relies heavily on government contracts, so any changes in government spending could have a significant impact on the company's revenue.
4. Technological advancements: As technology continues to advance, there may be new competitors that emerge with more advanced shipbuilding capabilities.
5. Economic downturns: During economic downturns, governments may cut back on defense spending, which could impact the number of contracts that Huntington Ingalls Industries receives.
Who Are Some of the Competitors of Huntington Ingalls Industries?
Some competitors of Huntington Ingalls Industries include General Dynamics, Lockheed Martin, BAE Systems, and Northrop Grumman.
What Are Some of Huntington Ingalls Industries's Products and Services?
Some notable products and services from Huntington Ingalls Industries include designing, building, and maintaining nuclear-powered aircraft carriers and submarines for the U.S. Navy, providing engineering and technical support services for various government agencies, and offering cybersecurity solutions for businesses and organizations. They also provide ship repair and modernization services, as well as manufacturing and testing of missile launch systems.
Has Huntington Ingalls Industries Acquired any Companies?
Yes, Huntington Ingalls Industries has made several notable acquisitions, including Camber Corporation in 2016, UniversalPegasus International Holdings in 2014, and S.M. Stoller Corporation in 2010.