HII says Zumwalt-class destroyer Lyndon B. Johnson is receiving CPS hypersonic weapons as Navy awards sea-trials contract

HII's Ingalls Shipbuilding received a $99M contract from the US Navy for sea trials of the USS Lyndon B Johnson (DDG 1002), the third Zumwalt-class vessel. The contract covers system testing and upgrades, including the Conventional Prompt Strike weapon system, before the ship's 2027 commissioning. Ingalls Shipbuilding president Brian Blanchette highlighted the Navy's confidence in their work.

Huntington Ingalls Industries (HII) received a $99.1M contract modification for DDG 1002 destroyer sea trials, with work set to finish by October 2028. The Navy's continued investment in shipbuilding could benefit HII and other defense contractors like General Dynamics and BAE Systems. HII's shares have declined 4% in the past year, trading at a 0.76X forward Price/Sales ratio, below the industry average of 2.13X.

Mike Petters, former CEO and president of Huntington Ingalls Industries (HII), has joined the company's board of directors. According to HII, Petters brings shipbuilding expertise and familiarity with the company's history. He led HII through its 2011 spinoff from Northrop Grumman. HII CEO Chris Kastner and Chairman Kirkland Donald praised Petters' experience and strategic guidance.

HII (NYSE: HII), a major shipbuilder, will host a ceremony for the first ROMULUS 151 unmanned surface vessel for the U.S. Navy in Louisiana. The event includes officials and highlights a $350 million contract for 10 vessels, emphasizing the region's role in defense and shipbuilding jobs.

HII's Ingalls Shipbuilding received a $99M contract modification from the US Navy to conduct sea trials for the Zumwalt-class destroyer DDG 1002. The contract supports preparation for Conventional Prompt Strike (CPS) weapon system integration, with the Navy planning to add hypersonic missiles to the DDG 1000 class. The GAO reported delays in modernisation efforts but noted cost targets were generally met until mid-2025.

HII's (HII) Ingalls Shipbuilding division received a $99M contract modification from the U.S. Navy for sea trials of the Zumwalt-class destroyer Lyndon B. Johnson (DDG 1002). The contract covers system testing and trials as part of the Navy's phased delivery approach. The destroyer is also receiving modernization upgrades, including the Conventional Prompt Strike weapon system.