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HUNTINGTON INGALLS INDUSTRIES, INC.

(HII)
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Photo Release — Huntington Ingalls Industries Achieves Milestone in Refueling and Complex Overhaul of USS George Washington (CVN 73)

04/16/2021 | 04:55pm EDT

NEWPORT NEWS, Va., April 16, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries’ (NYSE:HII) Newport News Shipbuilding division reached a major milestone on the refueling and complex overhaul (RCOH) of USS George Washington (CVN 73).

Following a ribbon-cutting ceremony today, sailors ate the first meal prepared in the galley in the nearly three years since it arrived at Newport News. The opening of the crew galley is one of the last significant steps before the first 1,100 sailors are expected to move aboard in June.

George Washington has gone through a transformation since it arrived at Newport News for the mid-life refueling overhaul and maintenance availability,” said Todd West, Newport News’ vice president, in-service aircraft carrier programs. “The crew beginning their move aboard and the reopening of berthing spaces and galleys, all supporting our nearing completion of the RCOH, is a sign that the ship is being brought back to life. We look forward to continuing our work with our Navy partners to redeliver the ship to the fleet.”

A photo accompanying this release is available at: https://newsroom.huntingtoningalls.com/file/cvn-73-galley.

The Nimitz-class aircraft carrier is in the final stages of testing, which is designed to exercise all aspects of the propulsion plant systems and will certify the systems and components for future operations over the next 25 years of service. The RCOH is more than 85% complete, and the ship is on track to be redelivered to the Navy in 2022.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs more than 42,000 people operating both domestically and internationally. For more information, visit:

Contact:

Duane Bourne
Duane.A.Bourne@HII-co.com
(757) 380-3581


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ę GlobeNewswire 2021
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Financials (USD)
Sales 2021 9 305 M - -
Net income 2021 520 M - -
Net Debt 2021 1 329 M - -
P/E ratio 2021 16,3x
Yield 2021 2,18%
Capitalization 8 535 M 8 535 M -
EV / Sales 2021 1,06x
EV / Sales 2022 1,02x
Nbr of Employees 42 000
Free-Float 73,7%
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Mean consensus HOLD
Number of Analysts 13
Average target price 224,83 $
Last Close Price 212,14 $
Spread / Highest target 20,2%
Spread / Average Target 5,98%
Spread / Lowest Target -16,1%
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Managers and Directors
NameTitle
C. Michael Petters President, Chief Executive Officer & Director
Thomas E. Stiehle Chief Financial Officer & Executive Vice President
Kirkland H. Donald Chairman
Ron A. Davis Chief Information Systems Officer
Edgar A. Green President-Technical Solutions & Executive VP
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