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Huntington Ingalls Industries. Huntington Ingalls Industries, Inc. ( HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII, ranked No. 375 on the Fortune 500, was formed on 31 March 2011, as a divestiture from Northrop Grumman. [5] [6]
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Newport News Shipbuilding ( NNS ), a division of Huntington Ingalls Industries, is the sole designer, builder, and refueler of aircraft carriers and one of two providers of submarines for the United States Navy. Founded as the Chesapeake Dry Dock and Construction Co. in 1886, Newport News Shipbuilding has built more than 800 ships, including ...
Ingalls was born on January 28, 1899, in Cleveland, Ohio. He was the son of Albert S. Ingalls and Jane ( née Taft) Ingalls (1874–1962). His mother was the niece of U.S. President William Howard Taft. David was the grandson of railroad executive Melville E. Ingalls. [3] and the great-grandson of industrialist David Sinton, for whom he was named.
Petters assumed his role as president and CEO on March 31, 2011. He is also a member of the Huntington Ingalls Industries board of directors. From 2008 until his appointment in 2011, he was the president of Northrop Grumman Shipbuilding. Prior to this position, he was the president of Northrop Grumman's Newport News sector.
In a weak week for the Dow, shares of America's second-biggest warship-builder, Huntington Ingalls , largely dodged the downturn. Indeed, Huntington Ingalls shares ended the week up 1.2%, despite ...
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On 30 June 2016, Ingalls Shipbuilding signed a contract with US Navy to build the U.S. Navy's next large-deck amphibious-assault warship. The contract included planning, advanced engineering, and procurement of long-lead material, is just over $272 million. If options are exercised, the cumulative value of the contract would be $3.1 billion.