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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 .
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 both ...
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. [3] 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. [4]
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The more Huntington Ingalls Industries (NYS: HII) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders
In the 1950s, Ingalls started bidding on Navy work, winning a contract in 1957 to build 12 nuclear-powered attack submarines. Litton Industries acquired Ingalls in 1961, and in 1968, expanded its facilities to the other side of the river. Ingalls reached a high point of employment in 1977, with 27,280 workers.