HII appointed Eric Chewning as EVP of maritime systems, enhancing strategy for shipbuilding and advanced technology.
Quiver AI Summary
HII has appointed Eric Chewning as executive vice president of maritime systems and corporate strategy, enhancing his role to lead the company's initiatives in maritime and advanced technology development. This move is part of HII's strategy to reinforce U.S. maritime superiority and enhance shipbuilding capabilities. Chewning, who joined HII in 2023 with prior experience in the U.S. Department of Defense, aims to strengthen the U.S. shipbuilding industrial base through partnerships and advanced technologies. The company is focusing on increasing shipbuilding throughput for the U.S. Navy, with significant outsourcing plans and recent acquisitions to boost production capabilities, including a new facility in South Carolina. HII has also expanded its international partnerships and domestic technology collaborations to support its defense goals.
Potential Positives
- HII has appointed Eric Chewning as executive vice president of maritime systems and corporate strategy, indicating a strategic focus on enhancing maritime capabilities and advanced technology development.
- The company plans to double outsourced hours in 2025 and quadruple them over two years, which reflects a significant commitment to increasing shipbuilding capacity and throughput.
- HII acquired an advanced manufacturing facility in South Carolina, which will help accelerate production of submarine modules and aircraft carrier units, thereby strengthening its operational capabilities.
- The expansion of strategic international partnerships, including collaborations with HD Hyundai Heavy Industries and Babcock International, reinforces HII's role in global defense and enhances the resiliency of the allied maritime industrial base.
Potential Negatives
- Expansion of Eric Chewning's role may indicate that the company is struggling to effectively integrate its leadership structure or requires additional oversight for maritime strategy.
- Significant reliance on outsourcing to increase production capacity could raise concerns about quality control and potential delays in meeting U.S. Navy schedules.
- Increased focus on partnerships and acquisitions may suggest HII is not fully capable of expanding its capabilities internally, potentially impacting its long-term strategy and independence.
FAQ
What is Eric Chewning's new role at HII?
Eric Chewning has been named executive vice president of maritime systems and corporate strategy at HII.
How does HII plan to improve U.S. shipbuilding?
HII aims to bolster U.S. shipbuilding by strengthening its industrial base and enhancing multi-domain warfighting capabilities.
What recent initiatives has HII undertaken?
HII has expanded partnerships, increased outsourced hours, and acquired advanced manufacturing facilities to boost submarine production.
Who are HII's strategic international partners?
HII has partnered with South Korean shipbuilder HD Hyundai Heavy Industries and British company Babcock International Group.
What technologies is HII leveraging for shipbuilding?
HII is applying Industry 4.0 technologies and artificial intelligence to accelerate shipbuilding processes.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HII Insider Trading Activity
$HII insiders have traded $HII stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $HII stock by insiders over the last 6 months:
- EDGAR A III GREEN (Ex VP, Pres. HII Mission Tech) sold 4,206 shares for an estimated $1,117,427
- ANASTASI D KELLY sold 1,960 shares for an estimated $455,856
- CHAD N. BOUDREAUX (Ex VP & Chief Legal Officer) sold 1,965 shares for an estimated $449,873
- EDMOND E. JR. HUGHES (Ex VP & Chief HR Officer) sold 1,300 shares for an estimated $301,483
- VICTORIA D HARKER sold 1,000 shares for an estimated $268,630
- NICOLAS G SCHUCK (Corp VP, Controller & CAO) sold 750 shares for an estimated $142,166
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HII Hedge Fund Activity
We have seen 410 institutional investors add shares of $HII stock to their portfolio, and 349 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GAMMA INVESTING LLC removed 489,723 shares (-99.5%) from their portfolio in Q2 2025, for an estimated $118,248,515
- VAN ECK ASSOCIATES CORP removed 467,733 shares (-26.3%) from their portfolio in Q2 2025, for an estimated $112,938,810
- FREESTONE GROVE PARTNERS LP removed 458,628 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $110,740,316
- MILLENNIUM MANAGEMENT LLC removed 405,995 shares (-52.9%) from their portfolio in Q2 2025, for an estimated $98,031,552
- MAVERICK CAPITAL LTD added 386,533 shares (+inf%) to their portfolio in Q2 2025, for an estimated $93,332,258
- SOUND SHORE MANAGEMENT INC /CT/ added 331,511 shares (+inf%) to their portfolio in Q2 2025, for an estimated $80,046,646
- UBS GROUP AG added 309,197 shares (+60.7%) to their portfolio in Q2 2025, for an estimated $74,658,707
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$HII Analyst Ratings
Wall Street analysts have issued reports on $HII in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Goldman Sachs issued a "Buy" rating on 05/02/2025
To track analyst ratings and price targets for $HII, check out Quiver Quantitative's $HII forecast page.
$HII Price Targets
Multiple analysts have issued price targets for $HII recently. We have seen 4 analysts offer price targets for $HII in the last 6 months, with a median target of $280.0.
Here are some recent targets:
- Ronald Epstein from B of A Securities set a target price of $260.0 on 08/13/2025
- David Strauss from Barclays set a target price of $295.0 on 08/04/2025
- Gautam Khanna from TD Cowen set a target price of $300.0 on 07/10/2025
- Noah Poponak from Goldman Sachs set a target price of $265.0 on 05/02/2025
Full Release
ARLINGTON, Va., Aug. 28, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) has named Eric Chewning to a new position, executive vice president of maritime systems and corporate strategy, broadening his responsibilities to lead the company’s strategy around maritime and advanced technology development. Chewning’s expanded role advances HII’s years-long strategy to bolster U.S. maritime supremacy by strengthening shipbuilding, and fielding new multi-domain warfighting capabilities.
Since joining HII in January 2023, and with experience including leading industrial base policy for the U.S. Department of Defense, Chewning has spearheaded efforts to expand the U.S. shipbuilding industrial base through acquisition, expansion of domestic and international partnerships, and leveraging advanced technologies in support of the U.S. Navy’s future fleet.
“HII is firmly committed to increasing shipbuilding throughput for the U.S. Navy. We are doing that both by improving performance within our shipyards and expanding the industrial base,” said Chris Kastner, HII president and CEO. “Eric’s unique experience and skill sets continue to support our mission of delivering the capabilities our defense customers urgently need.”
A photo accompanying this release is available at: http://hii.com/news/hii-taps-chewning-to-lead-maritime-systems-and-corporate-strategy/ .
While division shipyard presidents retain responsibility for shipyard operations including program execution, Chewning works alongside them in leading the company’s strategy for future maritime capabilities and fleet architecture, including development of hybrid manned-unmanned teaming strategies; identifying outsourcing partners to accelerate throughput; driving business pursuits for new maritime capabilities; managing enterprise strategic partnerships; and overseeing enterprise strategy, and the Dark Sea Labs advanced technology group.
Among the areas of progress in 2025 toward increased throughput:
- HII is on track to more than double the number of outsourced hours this year with partners in multiple states, and to quadruple them over a two-year period. This outsourcing builds industrial base capacity, increases HII throughput, and improves adherence to U.S. Navy schedules.
- HII acquired an advanced manufacturing facility and assets in South Carolina, establishing Newport News Shipbuilding’s Charleston Operations to accelerate production of submarine modules and structural aircraft carrier units.
- HII expanded its network of strategic international partnerships including South Korean shipbuilder HD Hyundai Heavy Industries and British defense company Babcock International Group. H&B Defense, a HII-Babcock International joint venture, is accelerating the development of Australia’s sovereign capability for a conventionally armed, nuclear-powered submarine program. This includes incorporation of Australian and U.K. companies into the HII supply chain to strengthen the resiliency of the allied maritime industrial base.
- HII expanded domestic technology partnerships including with C3 AI, to accelerate deployment of Industry 4.0 technologies and apply artificial intelligence to accelerate shipbuilding production.
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/TeamHII
- HII on X: https://www.twitter.com/WeAreHII
- HII on Instagram: https://www.instagram.com/WeAreHII
Contact:
Danny Hernandez
[email protected]
(202) 264-7143
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f9f45f59-8964-40da-a9e6-985f4e6ca386