HII begins fabrication of the U.S. Navy's LPD 32, marking the start of construction for the new amphibious transport dock.
Quiver AI Summary
HII's Ingalls Shipbuilding division has initiated fabrication of the U.S. Navy's latest San Antonio-class amphibious transport dock, the Philadelphia (LPD 32), marking the cutting of the first 100 tons of steel for the vessel. Program manager Stephen Janowski emphasized the focus on quality craftsmanship throughout the construction process to ensure the ship meets the future needs of the Navy and Marine Corps. Ingalls is currently constructing three additional Flight II LPDs and has received a contract for three more LPDs. These ships will play a key role in the Navy's expeditionary force, supporting a range of operations from crisis response to humanitarian assistance. HII is recognized as the largest military shipbuilder in the U.S., with a strong commitment to national security and innovative defense solutions.
Potential Positives
- Ingalls Shipbuilding has commenced fabrication of the U.S. Navy's newest San Antonio-class amphibious transport dock, Philadelphia (LPD 32), marking a significant milestone in defense contracting.
- The company has successfully delivered LPDs 17 through 29, establishing a strong track record as the sole provider of LPD 17 San Antonio-class ships.
- The contract for three additional San Antonio Class Amphibious Transport Docks (LPD 33, LPD 34, and LPD 35) awarded in September 2024 underscores the Navy's confidence in Ingalls' capabilities and commitment to national security.
- With the construction of the next-generation LPD Flight II ships, Ingalls is positioned to play a crucial role in enhancing the Navy's and Marine Corps' expeditionary force capabilities for modern military operations.
Potential Negatives
- While the press release emphasizes the start of fabrication for the Philadelphia (LPD 32), it doesn't address any potential challenges or delays that could arise during construction, which could lead to concerns about meeting delivery timelines.
- The release highlights the company's commitment to quality craftsmanship; however, the lack of specific quality benchmarks or performance metrics might raise questions about the assurance of quality in the shipbuilding process.
- Ingalls Shipbuilding is facing increasing competition in the defense sector, and this press release does not reference any strategic initiatives or competitive advantages that the company is leveraging to maintain its market position.
FAQ
What is the significance of the fabrication start for Philadelphia (LPD 32)?
The start of fabrication marks the cutting of the first 100 tons of steel for the new San Antonio-class amphibious transport dock.
What classes of ships will Philadelphia (LPD 32) replace?
Philadelphia (LPD 32) will replace the Whidbey Island (LSD 41) and Harpers Ferry (LSD 49) classes of dock landing ships.
Who is the primary builder of San Antonio-class ships?
Ingalls Shipbuilding is the sole provider of LPD 17 San Antonio-class ships, having previously delivered LPDs 17 through 29.
What is the role of amphibious transport docks in the Navy?
Amphibious transport docks are crucial for the Navy’s 21st-century expeditionary force, supporting various operations including humanitarian assistance and crisis response.
How many Flight II LPDs are currently under construction?
Currently, Ingalls has three Flight II LPDs under construction: Harrisburg (LPD 30), Pittsburgh (LPD 31), and Philadelphia (LPD 32).
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 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $HII stock by insiders over the last 6 months:
- FRANK R JIMENEZ purchased 550 shares for an estimated $103,900
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Here are some of the largest recent moves:
- VAN ECK ASSOCIATES CORP removed 351,513 shares (-19.8%) from their portfolio in Q4 2024, for an estimated $66,425,411
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Full Release
PASCAGOULA, Miss., Jan. 29, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) Ingalls Shipbuilding division began fabrication of the U.S. Navy’s newest San Antonio -class amphibious transport dock Philadelphia (LPD 32) Monday. The start of fabrication signifies that the first 100 tons of steel have been cut for the ship.
“From the earliest planning stages to the first cut of steel, every step of construction so far has been focused on building a capable ship for our Navy and Marine Corps partners,” said Stephen Janowski, Ingalls Shipbuilding amphibious ship program manager. “Our team is committed to continuous improvement and seeing Philadelphia built with the quality craftsmanship needed to support our nation well into the future.”
Ingalls is the sole provider of LPD 17 San Antonio -class ships and has delivered LPDs 17 through 29 to date. Currently, Ingalls has three Flight II LPDs under construction including Harrisburg (LPD 30), Pittsburgh (LPD 31) and Philadelphia (LPD 32). Additionally, in September 2024, the Navy awarded Ingalls a contract for the construction of three San Antonio Class Amphibious Transport Dock (LPD) ships (LPD 33, LPD 34, and LPD 35).
LPD Flight II is the next generation amphibious ship to replace the Whidbey Island (LSD 41) and Harpers Ferry (LSD 49) classes of dock landing ships. Amphibious transport docks are a major part of the Navy’s 21 st century expeditionary force, deployed with a U.S. Marine Corps Air-Ground Task Force for amphibious and expeditionary crisis response operations that range from deterrence and joint-force enablement to humanitarian assistance and disaster relief.
Photos accompanying this release are available at: http://hii.com/news/hii-begins-fabrication-of-amphibious-transport-dock-philadelphia-lpd-32/ .
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:
Kimberly K. Aguillard
228-355-5663
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d45d5d19-0421-4ba8-ae30-f186fa4a4055