Kastner Christopher D sold $4.2M of HII

The White House said President Trump signed a national security memorandum directing the U.S. Navy to replace electromagnetic aircraft launch systems with steam catapults on Gerald R. Ford-class carriers. The change could require major ship modifications and cost billions, according to the White House. Huntington Ingalls Industries is the primary Ford-class contractor.

Reuters reports that U.S. President Donald Trump ordered the Navy to drop the electromagnetic aircraft carrier launch system and return to steam catapults, via a national security memorandum. The change would require removing the system on Gerald R. Ford-class carriers and is expected to cost billions. Huntington Ingalls is the primary contractor building the Ford class, according to the White House.

HII’s Mission Technologies division secured a $2.2 billion task order to support U.S. Southern Command under the STRINGRAI program, covering surveillance, tracking, intelligence, network services and global reconnaissance. HII said the work will expand SOUTHCOM intelligence and reconnaissance capabilities for operations against transnational criminal groups and drug cartels. The award runs a one-year base plus six options.

HII (NYSE: HII) said its Mission Technologies division received a $2.2 billion task order under a GSA ASTRO IDIQ contract to support U.S. SOUTHCOM’s STRINGRAI program. The work covers surveillance, tracking, intelligence, network services, reconnaissance, analysis, and interceptions across Central America, South America, and the Caribbean, with one base year plus six option years.

HII (Huntington Ingalls Industries) was awarded a $2.2 billion contract to advance U.S. surveillance and intelligence capabilities for the Western Hemisphere, according to Reuters. The award highlights defense spending tied to intelligence and monitoring programs.

HII said its Mission Technologies unit won a $2.2 billion task order to provide intelligence and reconnaissance services for U.S. Southern Command. The work covers surveillance, tracking, network services, analysis, and interception across Central and South America and the Caribbean, supporting efforts against illicit activity. The award includes one base year plus six option years, per HII.