Latest news with #MissionTechnologies
Yahoo
5 days ago
- Automotive
- Yahoo
HII Leads DefenseTech LIVE Event and Highlights How Mission Technologies is Accelerating Across All Domains
MCLEAN, Va., June 11, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) showcased its defense technology portfolio of proven products and capabilities, developed within its Mission Technologies division, at this week's DefenseTech LIVE event in Arlington. The forum theme, 'Accelerating Mission Technologies Across All Domains,' inspired collaboration and innovation across national security and defense communities. A recap of the event, including interviews with the speakers, will air at 8:30 p.m. June 24, 2025, on WJLA 24/7 News and on fedgovtoday. The forum welcomed hundreds of government and industry leaders and featured HII's interactive technology showcase and collaborative strategy sessions. Attendees explored cutting-edge technologies that enhance mission readiness across all warfighting domains. 'We support the warfighter and our nation's security, and I'm very proud to be part of this team that's doing that for our nation,' said Andy Green, executive vice president of HII and president of HII's Mission Technologies division. 'We're staying on the cutting edge of innovation and leveraging the best minds out there to support our national security. This is all about empowering our warfighters.'Photos accompanying this release are available at: Session topics included: Next-Generation Defense Innovation: Leveraging Emerging Technologies for Mission Success The Future of Combined Joint All-Domain Command and Control (CJADC2): Driving Interoperability and Connectivity Unmanned Maritime in a Contested Environment Full-Spectrum Cyber Operations: Achieving Dominance in Cyberspace through a Cohesive, Multi-faceted Cyber Strategy Battlefield Electronic Warfare Through demonstrations at the event, attendees explored emerging solutions that support the U.S. military and its allies through discussions and real-world examples. To learn more about the technologies featured at DefenseTech LIVE, visit the new HII products page — — which spotlights HII Mission Technologies' growing portfolio, including: Autonomy & AI for smarter, faster decision-making across domains REMUS, the uncrewed underwater vehicle (UUV) delivered to and currently in operation in 30 countries around the world C5ISR Systems to command, control, and connect operations in real time Cyber & EW to dominate digital battlefields and protect mission-critical systems Simulation & Training to prepare warfighters with cutting-edge tools Logistics & Readiness to sustain operations and ensure mission success HII's Mission Technologies division is advancing the future of defense and national security with cutting-edge capabilities across every domain: land, sea, air, space and cyberspace. From AI and big data to unmanned systems, cyber operations, and spectrum engineering, HII is enabling mission readiness through innovation in every critical technology area. As the strategic landscape evolves, HII's commitment is clear: deliver mission-ready technologies that give customers an edge where and when it matters most. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII's workforce is 44,000 strong. For more information, visit: HII on the web: HII on Facebook: HII on X: HII on Instagram: Contact: Greg McCarthy(202) A photo accompanying this announcement is available at in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
HII awarded $70M task order from U.S. Air Force
HII (HII) announced that its Mission Technologies division was awarded a task order valued at approximately $70M to support the safe use of U.S. Air Force systems and software and the implementation of government-mandated information security requirements. Under the five-year task order, awarded by the U.S. Air Force Life Cycle Management Center's Engineering Directorate, HII will identify and mitigate vulnerabilities through research and analysis to protect U.S. Air Force systems and software from unauthorized access, use or destruction by adversaries. See what stocks are receiving Strong Buy ratings from top-rated analysts. Filter, analyze, and streamline your search for investment opportunities with TipRanks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on HII: Defense Secretary tells Pentagon to plan for 8% in budget cuts, WaPo reports HII price target lowered to $235 from $260 at Citi Trump Trade: Reciprocal tariffs could hit Brazilian ethanol Trump tells Europe to buy American weapons, military equipment, Bloomberg says Defense on watch as Trump says to meet with China, Russia on military spending
Yahoo
07-02-2025
- Business
- Yahoo
Huntington Ingalls Industries Inc (HII) Q4 2024 Earnings Call Highlights: Navigating Challenges ...
Revenue: $11.5 billion for 2024, a 1% increase from 2023. Earnings Per Share (EPS): $13.96 for 2024. Net Earnings: $550 million for 2024, down from $681 million in 2023. Free Cash Flow: $40 million for 2024. Backlog: $49 billion at year-end 2024, with $27 billion funded. Mission Technologies Revenue Growth: 9% year-over-year for 2024. Mission Technologies Book-to-Bill Ratio: 1.33% for 2024. Shipbuilding Revenue: $8.9 billion to $9.1 billion expected for 2025. Shipbuilding Margins: 5.5% to 6.5% expected for 2025. Mission Technologies Revenue: $2.9 billion to $3.1 billion expected for 2025. Mission Technologies Margins: 4% to 4.5% expected for 2025. EBITDA Margins for Mission Technologies: 8% to 8.5% expected for 2025. Capital Expenditures: $353 million in 2024, 3.1% of sales. Cash and Cash Equivalents: $831 million at the end of 2024. Liquidity: Approximately $2.5 billion at the end of 2024. Warning! GuruFocus has detected 5 Warning Signs with HII. Release Date: February 06, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Huntington Ingalls Industries Inc (NYSE:HII) expects to secure over $50 billion in contract awards over the next 24 months, which are anticipated to have a balanced risk equation and provide opportunities for margin improvement. The company achieved significant milestones in 2024, including $12 billion in awards and a year-end backlog of $49 billion, with $27 billion funded. Mission Technologies division reported a strong year with a 9% revenue growth and a book-to-bill ratio of 1.33%, securing major contracts including a $6.7 billion deal with the US Air Force. HII is focusing on operational improvements, including a 20% year-over-year improvement in shipbuilding production throughput and a $250 million annualized cost reduction target. The company anticipates growing to $15 billion in annual revenue by 2030, with associated margin expansion and free cash flow growth. Fourth-quarter revenues decreased by approximately 5% year-over-year, driven by lower volumes across all three segments. Segment operating income and margin significantly declined compared to the previous year, impacted by non-recurring favorable items in 2023. The company continues to face challenges from pre-COVID contracts, which are expected to impact financial performance until 2027. Attrition remains high despite exceeding hiring goals, and there are ongoing challenges related to labor, productivity, and supply chain issues. Free cash flow for 2024 was only $40 million, reflecting ongoing challenges with contract performance and elevated capital expenditures. Q: How much of the margin gap would you attribute to inflation versus other operational challenges? A: Chris Kastner, President and CEO, explained that while some contracts have inflation protection, the impact of inflation is broader and more complex. It affects the cost structure in various ways, not just through direct wage increases, and also impacts supply chain efficiency. Q: Is it still possible to achieve 9% to 10% margin levels in the current economic environment? A: Chris Kastner, President and CEO, believes achieving a 9% margin is possible. He mentioned that new contracts are being negotiated with inflation protection, and there is recognition from Congress and the Navy that shipbuilders need to earn fair margins. Q: What contract awards are assumed in the guidance for 2025? A: Chris Kastner, President and CEO, stated that the guidance assumes the negotiation of FY24 Block 5 submarine contracts and Columbia Bill 2 contracts. He expressed high confidence in securing these contracts, supported by the new administration's prioritization of shipbuilding. Q: What lessons from past challenges can be applied today to improve shipbuilding margins? A: Chris Kastner, President and CEO, emphasized the importance of transparency and realistic cost and schedule estimates in negotiations. Tom Steely, EVP and CFO, added that achieving balanced contracts and maintaining consistent performance are key to improving margins. Q: How should we think about the progression of shipbuilding margins through the decade? A: Tom Steely, EVP and CFO, indicated that margins are expected to gradually improve as pre-COVID contracts run off and new contracts are executed. By 2027, most work will be post-COVID, leading to potential profitability improvements. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
