HII (formerly Huntington Ingalls Industries, Inc.) 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. 371 on the Fortune 500, was formed on March 31, 2011, as a spin-off of Northrop Grumman.
Who owns Huntington Ingalls Industries?
We note that hedge funds don’t have a meaningful investment in Huntington Ingalls Industries. The company’s largest shareholder is BlackRock, Inc., with ownership of 13%. The Vanguard Group, Inc. is the second largest shareholder owning 11% of common stock, and State Street Global Advisors, Inc.
Who bought Ingalls Shipbuilding?
the Northrop Grumman Corporation
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. In April 2001, Litton was acquired by the Northrop Grumman Corporation.
Does Northrop Grumman own Newport News Shipbuilding?
The company was purchased by Northrop Grumman in 2001 for $2.6 billion and renamed “Northrop Grumman Newport News”.
Does Northrop Grumman own HII?
Huntington Ingalls Industries, headquartered in Newport News, Virginia, was founded on March 31, 2011 when Northrop Grumman’s Shipbuilding Sector was spun off as an independent company.
Is Huntington Ingalls Industries a Fortune 500 company?
Huntington Ingalls Industries | 2022 Fortune 500 | Fortune.
What does Huntington Ingalls manufacture?
HII is a global engineering and defense technologies provider. With a 135-year history of trusted partnerships in advancing U.S. national security, HII delivers critical capabilities ranging from the most powerful and survivable naval ships ever built, to unmanned systems, ISR and AI/ML analytics.
Why did Northrop Grumman spin off Huntington Ingalls?
“We have determined that a spin-off of our shipbuilding business will best serve our shareholders, customers and employees. The separation will enable HII and Northrop Grumman to focus more intently on their respective customers,” said Wes Bush, chief executive officer and president.
What is the largest shipyard in America?
Newport News Shipbuilding
North America
Newport News Shipbuilding, (formerly Northrop Grumman Newport News) is the largest private ship builder in the US and the one best known for its unique capacity to build the Nimitz-class aircraft carriers.
Does Northrop Grumman build ships?
It was merged with another sector of Northrop Grumman, Northrop Grumman Newport News, which was responsible for building nuclear submarines and supercarriers, to form the sector Northrop Grumman Shipbuilding.
Does Charles Ingalls get rich?
When Charles receives news that he is the heir to a late relative, Mrs. Oleson becomes oddly friendly. The Ingalls – sure they’ve inherited a fortune – go on a spending spree to upgrade their farm and equipment. Then, Charles gets the inheritance and finds out he’s inherited Confederate money.
What is the biggest shipyard in the world?
Hyundai Heavy Industries’
Hyundai Heavy Industries’ (HHI) ship manufacturing facility in Ulsan, a South Korean city located on the south-eastern tip of the Korean Peninsula, is the largest shipyard in the world. The shipyard extends over 4km along the coast of Mipo Bay in Ulsan and covers an area of 1,780 acres.
What companies are owned by Northrop Grumman?
Our Heritage
- Northrop Aircraft Incorporated.
- Grumman Corporation.
- Westinghouse Electric Corporation.
- Logicon Corporation.
- Teledyne Ryan Aeronautical.
- Litton Industries.
- TRW Incorporated.
- Scaled Composites.
What military equipment does Northrop Grumman make?
Northrop Grumman specializes in innovating low-cost, highly reliable and precise weapons and ammunition for artillery and mortar systems, medium-caliber weapons platforms, battle tanks and individual soldiers.
Who builds the U.S. aircraft carriers?
Today, Newport News Shipbuilding, a division of HII, is the nation’s sole designer, builder and refueler of nuclear-powered aircraft carriers and one of only two shipyards capable of designing and building nuclear- powered submarines. We also provide fleet services for naval ships.
Who owns the most Northrop Grumman stock?
Top 10 Owners of NORTHROP GRUMMAN CORP
| Stockholder | Stake | Shares owned |
|---|---|---|
| SSgA Funds Management, Inc. | 9.25% | 14,243,422 |
| Capital Research & Management Co…. | 7.98% | 12,280,616 |
| The Vanguard Group, Inc. | 7.45% | 11,467,635 |
| Wellington Management Co. LLP | 5.18% | 7,974,522 |
Is Raytheon part of Northrop Grumman?
Raytheon Technologies and Northrop Grumman have been working together since 2019 to develop, produce and integrate Northrop Grumman’s scramjet engines onto Raytheon’s air-breathing hypersonic weapons.
Who merged with Northrop Grumman?
NNG, Inc.
During the acquisition process, a new Delaware holding company, NNG, Inc., was formed, which merged with Northrop Grumman through a one-for-one common shares exchange in April 2001.
Is Huntington Ingalls a good company?
Huntington Ingalls is a great place to work. It is challenging and amazing to be working on such advanced machine, and to be a part of the design of these ships. My Supervisor was awesome and coworkers were great. Enjoy your experience at one of the best places to work in the country.
Is Huntington Ingalls a monopoly?
HII has a monopoly business (although regulated).
Is HII a good company?
85% of employees would recommend working at Huntington Ingalls Industries with the overall rating of 3.5 out of 5. Employees also rated Huntington Ingalls Industries 3.3 out of 5 for Company Culture, 3.6 for Rewards You Receive, 3.1 for Growth Opportunities and 3.5 for support you get.