StockNews.AI
HII
StockNews.AI
111 days

HII is Awarded Contract Modification for Construction of Two Additional Block V Virginia-class Submarines

1. HII awarded contract for two Block V submarines construction. 2. This contract modification enhances naval capabilities and security. 3. NNS and General Dynamics Electric Boat are key partners in the project. 4. Previous 24 Virginia-class submarines have been successfully delivered. 5. HII continues to dominate in military shipbuilding sector.

Mass Contract
-1.24%Current Return
VS
+0.71%S&P 500
$230.3404/30 05:32 PM EDTEvent Start
$227.4805/02 12:13 AM EDTLatest Updated
3m saved
Insight
Article

FAQ

Why Bullish?

The contract signifies strong demand for defense and submarine capabilities, boosting revenue. Past contract wins generally led to stock price increases for HII.

How important is it?

The awarded contract showcases HII's growth trajectory and market dominance, likely attracting investor interest.

Why Long Term?

Submarine construction projects typically span years, ensuring ongoing revenue. Historical contracts have solidified HII’s market position over time.

Related Companies

GDNOCLMT
NEWPORT NEWS, Va., April 30, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that the Virginia-class shipbuilding team, which includes the company’s Newport News Shipbuilding (NNS) division, has been awarded a contract modification in support of construction of two fiscal year 2024 Block V submarines. The contract modification, to NNS and teaming partner General Dynamics Electric Boat, authorizes construction of the 11th and 12th fast-attack submarines of the Block V contract. “We appreciate the teamwork that resulted in these critical national security assets being put under contract,” said Jason Ward, NNS vice president of submarine construction. “We understand the advantage Virginia-class submarines bring to the sailors who operate them, and our shipbuilders are working with diligence to deliver them to the fleet.” NNS and GDEB have built and delivered 24 Virginia-class submarines to date. A photo accompanying this release is available at: https://hii.com/newsroom. About HII HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit: HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHII Contact: Todd CorilloTodd.T.Corillo@hii-co.com(757) 688-3220 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6f821f2a-7bf3-484b-a12a-42e01c2d68d4

Related News