Mulherin Receives the Nimitz Award
Matt Mulherin, former executive vice president of Huntington Ingalls Industries and president of Newport News Shipbuilding, was recognized by the United States Navy League today as a 2018 recipient of its annual Fleet Admiral Chester W. Nimitz Award. This award honors an industry leader who has demonstrated the leadership, statesmanship and dedication to the nation that were exhibited by the award’s namesake. Mulherin, who retired from the company in July 2017 after a distinguished 36-year career…
Huntington Ingalls Industries to Open Australian Office
Huntington Ingalls Industries (HII) said it plans to establish a permanent presence in Australia by opening an office in Canberra. “Establishing a permanent presence in Australia demonstrates HII’s commitment to supporting Australia and the U.S. military forces in the Pacific,” said HII President and CEO Mike Petters. “It also facilitates our ability to conduct real-time, frequent engagement with the Royal Australian Navy and the U.S. The U.S. based shipbuilder has hired Jeff McCray as vice president…
Huntington Ingalls CEO Urges Speedup of Next Amphib Ship Program
Huntington Ingalls Industries Inc Chief Executive Mike Petters urged the U.S. Navy to accelerate its new LX(R) dock landing ship program to fiscal 2018 from 2020 to avoid significant costs associated with restarting a production line. The production-line gap would occur when building of the LPD-28 warship ends about two years before the LX(R) is due to start. Petters told Reuters the move would save money by averting a costly break in production of the ships, which the Navy has decided to base on the LPD-17 amphibious dock warships also built by Huntington Ingalls.
HII Head Gives Up Salary for Educational Fund
U.S. shipbuilder Huntington Ingalls Industries (HII) said it has begun the process of establishing a fund to provide educational assistance for children of HII employees. While details of the educational fund are still being developed, it will be funded annually with HII President and CEO Mike Petters’ salary. HII’s Board of Directors recently approved a motion to enable Petters to reduce his annual salary to $1 per year. The balance of his salary, nearly $1 million, will annually fund this educational assistance program that will be operated by an independent third party yet to be identified.
HII Names Smith VP, Strategy and Development
Huntington Ingalls Industries (HII) announced that Michael S. Smith has been named the company’s corporate vice president, strategy and development, succeeding Christopher D. Kastner, who is replacing Barbara A. Niland as corporate vice president and CFO upon her retirement. Smith reports directly to HII President and CEO Mike Petters. Smith joined HII in 2014 as corporate vice president, business growth. Most recently, he was responsible for executing the growth strategy in commercial and government nuclear markets…
Leadership Changes at Huntington Ingalls Industries
U.S. shipbuilder Huntington Ingalls Industries (HII) announced today a number of changes across its leadership team. HII’s Board of Directors has elected Christopher D. Kastner to succeed Barbara A. Niland as the company’s chief financial officer and corporate vice president, business management, effective with Niland’s retirement on March 1, 2016. Furthermore Philip Luna, corporate vice president and president, UniversalPegasus International (UPI), a subsidiary of HII, has been promoted to the HII senior executive team, effective immediately.
HII’s Petters Honored by Coast Guard Foundation
Mike Petters, president and CEO of Huntington Ingalls Industries (HII), was honored by the Coast Guard Foundation at the 35th annual Salute to the United States Coast Guard, held last Thursday at the Marriott Marquis in New York City. At the dinner, Petters and HII were recognized for their support of the Coast Guard Foundation and its mission. “Huntington Ingalls Industries has been a strong supporter of the Coast Guard Foundation for the past 30 years,” said Anne Brengle, the foundation’s president.
Coast Guard Foundation to Honor HII’s Petters
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced that its 35th Annual Salute to the U.S. Coast Guard will honor Mike Petters of Huntington Ingalls Industries for his long time support of the Foundation and its mission. Keynote speakers will include Captain “Sully” Sullenberger, captain of ‘Miracle on the Hudson’ US Airlines flight 1549 and Admiral Paul Zukunft, commandant of the U.S. Coast Guard. The Master of Ceremonies will be Gus Rosendale, news anchor with NBC 4 New York.
Navy League Honors Retired Ingalls President
Irwin F. Edenzon, the retired president of Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division, accepted the Navy League of the United States' Fleet Admiral Chester W. Nimitz Award last night. The Navy League presented the award at the annual Sea-Air-Space Black Tie Reception and Banquet at the Gaylord National Resort and Convention Center in National Harbor, Maryland. The Nimitz award honors an industry leader who has made a major contribution to the nation's maritime strength or enhanced national security.
HII, Petters Recognized by the Reserve Officers Association
Huntington Ingalls Industries (HII) and its president and CEO, Mike Petters, received the Reserve Officers Association's 2015 Nathan Hale Corporate Patriot Award presented at the ROA STARS Foundation Gala on Tuesday in Washington, D.C. The Nathan Hale Corporate Patriot Award is presented to a corporation and its senior leadership committed to serving the nation, military veterans and military reservists. This year's award was presented to both HII and Johnson & Johnson. "I am honored to accept the Nathan Hale Corporate Patriot Award on behalf of all the veterans at HII," Petters said.
HII Board of Directors Elects Two VPs
Huntington Ingalls Industries’ (HII) board of directors has elected Kellye Walker to serve as corporate vice president and general counsel and Charles R. “Chuck” Monroe Jr. to serve as corporate vice president, associate general counsel and secretary. These organizational changes are effective Jan. 12, 2015. As corporate vice president and general counsel, Walker will report to HII President and CEO Mike Petters and will have overall leadership responsibility for HII’s law department and outside counsel…
HII’s Petters Honored by Navy League
Huntington Ingalls Industries (HII) announced today that Mike Petters, its president and CEO, was honored by the Navy League of the United States New York Council at a dinner last night in New York City. Petters was awarded the Rear Admiral John J. Bergen Leadership in Industry Award for his leadership of HII and the company's achievement in designing and building the ships that help maintain the sea power that assures the United Sates' security and economic prosperity. He was one of five individuals recognized by the Navy League.
HII’s Petters Encourages Students to Live the American Dream
Huntington Ingalls Industries (HII) President and CEO Mike Petters served as the commencement speaker Thursday at the graduation ceremony for An Achievable Dream's "Class of 2014—The Petters Family Scholars." Petters, his wife, Nancy, their daughters and their son-in-law sponsored the class. Dedicated to the belief that all children can learn and succeed regardless of their economic status, An Achievable Dream Academy and Middle & High School go beyond academics to provide students with a comprehensive SAME (social…
HII Reports Q1 Earnings Jump
Huntington Ingalls Industries (HII) reported first quarter 2014 revenues of $1.59 billion, up 2 percent compared to the same period last year. First quarter diluted earnings per share was $1.81, compared to diluted earnings per share of $0.87 in the same period of 2013. Adjusted diluted earnings per share for the quarter was $1.53, compared to $1.17 in the comparable period of 2013. Segment operating income for the first quarter was $137 million, compared to $120 million in the same period last year.
Cuccias to Succeed Edenzon as Ingalls President
Huntington Ingalls Industries (HII) announced today that Irwin F. Edenzon will retire on Dec. 1, 2014. Edenzon is currently corporate vice president and president of Ingalls Shipbuilding, a division of Huntington Ingalls Industries. Although Edenzon will not officially retire until December 2014, he will step down as president on March 31, 2014, and the HII Board of Directors has elected Brian Cuccias to succeed Edenzon in the position of corporate vice president and president of Ingalls Shipbuilding, effective April 1, 2014.
Huntington Ingalls Reports Q2 Results
Huntington Ingalls Industries (HII) reported second quarter 2013 revenues of $1.68 billion, down 2.2% from the same period last year. Segment operating income for the second quarter was $136 million, compared to $127 million in the same period last year. Total operating income for the quarter was $116 million, up 9.4% from $106 million in the same period last year. Pension-adjusted operating income for the second quarter was $134 million, or 8% of revenue, up from $125 million, or 7.3% of revenue, in the comparable period of 2012.
HII President at Children Development Fundraiser
Huntington Ingalls Industries President & CEO Mike Petters keynote speaker at 11th annual Breakfast to Benefit the Children of Downtown Hampton Child Development Center. The event, held at the Hampton Roads Convention Center, is designed to educate guests about the Child Development Center and to raise funds for its operations. The Downtown Hampton Child Development Center is a non-profit preschool that serves 200 children between the ages of 6 weeks and 5 years. The school's mission is to nurture young children by providing affordable…
President Addresses Sequester at Newport News
On February 6, 2013, President Obama traveled to Newport News, Virginia to tour the shipbuilding site and address the impact of the looming sequester. The President: Hello, Newport News! Well, it is good to see all of you here today. I want to thank your CEO, Mike Petters, for showing me around. I usually don’t get a chance to hang out with nuclear submarines, especially submarines that my wife has sponsored. (Applause.) So right there, that was worth the trip. But most importantly…
HII Host Senator's Shipyard Fact-finding Mission
Huntington Ingalls Industries (HII) hosted U.S. Sen. Tim Kaine (D-Va.) for a tour of the its's Newport News Shipbuilding (NNS) division. The senator met with shipbuilders to discuss potential defense budget cuts and learned how they impact NNS' maintenance and construction work. "Compared to the sophistication and the quality of the work that is being done here, the decisions that we have to make to get this budget in a better process and to avoid ugly and non-strategic cutsit's not hard," Kaine said during a press conference following the tour.
Boudreaux Named Chief Compliance Officer for HII
Huntington Ingalls Industries (NYSE:HII) announced that Chad N. Boudreaux has been named to the newly created position of chief compliance officer. Chad will report to Bruce N. Hawthorne, corporate vice president, general counsel and secretary, and to the Audit Committee of the HII Board of Directors. "HII has demonstrated a longstanding commitment to the highest ethical standards and compliance across its entire operation," said Mike Petters, HII's president and CEO. "Chad's new role as chief compliance officer is a valuable enhancement of our existing compliance program…
HII President Addresses BEYA STEM Conference
Huntington Ingalls Industries' President & CEO Mike Petters keynote speaker at 27th Black Engineer of the Year (BEYA) Science, Technology, Engineering & Math (STEM) Conference. Petters spoke at the Historically Black Colleges and Universities (HBCU) Engineering Deans' Power Breakfast, held recently in Washington, DC, which honors leaders in the STEM fields. BEYA is the nation's largest annual gathering of STEM professionals and leaders committed to increasing the percentage of underrepresented communities in the technology workforce.
HII Q3 2012 Reports Significant 2015 Milestones Reached
Huntington Ingalls Industries reports third quarter 2012 revenues of $1.60 billion, up 0.2 percent from the same period last year. Segment operating income in the quarter was $89 million, with a segment operating margin of 5.6 percent, compared to a loss of $187 million in the same period last year. Total operating income for the quarter was $66 million, compared to a loss of $190 million in the same period of 2011. The increase was primarily attributable to the absence in 2012 of the goodwill impairment charge recorded in 2011. Total operating margin was 4.1 percent for the quarter.
Huntington Ingalls Industries Recognized for Hiring Veterans
Huntington Ingalls Industries (NYSE: HII) was recognized by the Virginia Department of Veterans Services for its efforts to hire and retain veterans. HII President and CEO Mike Petters formally accepted the Virginia Values Veterans (V3) certificate at the V3 Conference in Norfolk. HII was one of nine companies recognized at the conference. "I never underestimate the importance of how having the right workforce is linked directly to our success at HII -- it's our lifeblood," Petters said at the conference.
HII Appoints Head of New Corporate Development Division
Huntington Ingalls Industries appoints Christopher D. Kastner Corporate Vice President & General Manager, Corporate Development. Kastner previously served as vice president and chief financial officer for HII's Ingalls Shipbuilding division. Prior to the HII spin from Northrop Grumman Corp., he served as vice president, business management, and CFO for Northrop Grumman Shipbuilding-Gulf Coast and vice president, contracts and risk management, for Northrop Grumman Ship Systems.
HII CEO Mike Petters Speaks at University of Virginia
Newport News - Huntington Ingalls Industries President and CEO Mike Petters spoke at the University of Virginia's Darden School of Business on March 6. Petters' address was part of the school's Leadership Speakers Series, which features the world's thought leaders and gives MBA students, faculty and staff the opportunity to hear and discuss leaders' stories and advice. Petters shared with students his views on leadership, talent development and the importance of having great people.
HII CEO Petters Named to USNA Foundation Board
Huntington Ingalls Industries announced that Mike Petters, its president and chief executive officer, was recently elected to the board of directors for the U.S. Naval Academy Foundation. He will serve a four-year term. The mission of the U.S. Naval Academy Foundation is "to support, promote and advance the mission of the Naval Academy by working in conjunction with Academy leadership to identify strategic institutional priorities, and by raising, managing and disbursing private…