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HII's Ingalls Shipbuilding Launches Guided Missile Destroyer Future USS Jeremiah Denton (DDG 129)

1. HII launched the future USS Jeremiah Denton (DDG 129) today. 2. DDG 129 is the third Flight III Arleigh Burke-class destroyer. 3. The launch demonstrates HII's collaboration with Navy partners. 4. DDG 129 features advanced air and missile defense systems. 5. HII is the largest military shipbuilder in the U.S.

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FAQ

Why Bullish?

The successful launch of DDG 129 highlights HII's production capabilities and ongoing defense contracts. Historically, advancements in naval defense contracts typically lead to positive stock reactions.

How important is it?

The launch signifies ongoing defense procurement, enhancing HII's operational relevance and market position. It may impact stock prices due to positive industry outlook.

Why Short Term?

The immediate focus on this successful launch may boost investor confidence. Similar launches in the past have resulted in short-term gains due to increased media attention and market sentiment.

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PASCAGOULA, Miss., March 25, 2025 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division successfully launched future USS Jeremiah Denton (DDG 129) today, the third Flight III Arleigh Burke-class destroyer to be built at the shipyard. Shipbuilders transferred DDG 129 from land to the company’s dry dock using translation railcars to support the ship during the move. Once in the dry dock, the ship was floated and moved by tugboats to a pier at the shipyard. “The launch of DDG 129 is a testament to the hard work and dedication of our Ingalls shipbuilders and a collaborative achievement with our Navy partners,” Ingalls Shipbuilding DDG Program Manager Ben Barnett said. “The future USS Jeremiah Denton will now undergo final outfitting, systems activation, and testing before entering the fleet.” DDG 129 is named for former U.S. Sen. Jeremiah Denton Jr., a Vietnam War veteran who was awarded the Navy Cross for his heroism as a prisoner of war. Following his Navy career, he was elected to the U.S. Senate representing his home state of Alabama in 1980. Photos accompanying this release are available at: http://hii.com/news/hiis-ingalls-shipbuilding-launches-guided-missile-destroyer-future-uss-jeremiah-denton-ddg-129/. An Arleigh Burke-class Flight III destroyer features the AN/SPY-6(V)1 Air and Missile Defense Radar (AMDR) and the Aegis Baseline 10 Combat System that is required to keep pace with the threats well into the 21st century. Ingalls Shipbuilding has five Flight IIIs currently under construction including Ted Stevens (DDG 128), Jeremiah Denton (DDG 129), George M. Neal (DDG 131), Sam Nunn (DDG 133) and Thad Cochran (DDG 135). 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: Kimberly K. Aguillard228-355-5663Kimberly.K.Aguillard@hii-co.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9e8e79ba-a38b-49f6-9987-fc22052481dd

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