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HII Names Derek Murphy as Vice President of New Construction Aircraft Carriers at Newport News Shipbuilding

1. Derek Murphy promoted to VP of new construction aircraft carriers. 2. Murphy oversees critical projects like CVN 79, CVN 80, and CVN 81. 3. His extensive experience supports HII's commitment to Navy contracts. 4. HII is the largest military shipbuilder, enhancing national security.

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Why Bullish?

Murphy's promotion strengthens leadership in key projects, likely boosting investor confidence. His background aligns with successful project execution, similar to past successful military contracts.

How important is it?

The promotion enhances HII's operational effectiveness in key military contracts, impacting overall performance.

Why Long Term?

Continuous oversight of major projects ensures long-term value and revenue growth. Previous leadership changes at HII have positively impacted project timelines and military contract awards.

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CVN 79CVN 80CVN 81
NEWPORT NEWS, Va., Jan. 30, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that Derek Murphy has been promoted to vice president of new construction aircraft carriers at its Newport News Shipbuilding division. In his new role, Murphy will have responsibility for all new construction aircraft carriers in production at the shipyard, including John F. Kennedy (CVN 79), Enterprise (CVN 80) and Doris Miller (CVN 81). “Derek brings extensive experience from his time in the Navy and both HII shipyards to his new role,” NNS President Kari Wilkinson said. “I am confident in his steadfast commitment to our shipbuilders and the successful delivery of capability to the United States Navy.” Starting his career with the company in 2002, prior to the HII spin-off from Northrop Grumman, Murphy served as an aviation program manager as part of the EA-6B and EA-18G programs. In 2007, he joined the Ingalls Shipbuilding division, where he held positions of increasing responsibility supporting the Mississippi shipyard’s portfolio. In 2020, he joined the Newport News Shipbuilding division, where he has served as program director on John F. Kennedy (CVN 79), responsible for all aspects of construction. A photo accompanying this release is available at: http://hii.com/news/hii-names-derek-murphy-as-vice-president-of-new-construction-aircraft-carriers-at-newport-news-shipbuilding/. Murphy is a U.S. Navy veteran with 20 years of operational experience as a naval flight officer for carrier-based A-6E Intruder and EA-6B Prowler aircraft. He holds a bachelor’s degree from Villanova University and an MBA from Eastern Michigan University. 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/407998d9-0c07-4167-b8e2-b0180b071c2e

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