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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Huntington Ingalls Industries Inc | NYSE:HII | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-28.92 | -10.44% | 248.14 | 263.21 | 242.19 | 262.30 | 996,104 | 20:01:47 |
Figure of Merit is the scoring method used by the Board of Inspection and Survey (INSURV), a Navy organization whose purpose is to inspect and assess material condition of Navy vessels.
“We are very proud of the ship and its great crew,” said Matt Needy, Newport News’ vice president, Virginia-class submarine program and fleet services. “The score is a reflection of our commitment to quality and follows in the Newport News tradition of ‘always good ships.’ We absolutely recognize our Navy’s increasing need for mission-ready submarines, and we are committed to doing everything we can to support that demand.”
A photo accompanying this release is available at: http://newsroom.huntingtoningalls.com/file?fid=592875e32cfac26bc568daad.
Washington’s construction, which began in September 2011 under a teaming arrangement between Newport News and General Dynamics Electric Boat, marked the beginning of the VCS program’s two-submarines-per-year build plan. The submarine’s keel was authenticated in November 2014, and the boat was christened in March 2016.
Virginia-class submarines, a class of nuclear-powered fast attack submarines, are built for a broad spectrum of open-ocean and littoral missions to replace the Navy’s Los Angeles-class submarines as they are retired. Virginia-class submarines incorporate dozens of new technologies and innovations that increase firepower, maneuverability and stealth and significantly enhance their warfighting capabilities. These submarines are capable of supporting multiple mission packages and can operate at submerged speeds of more than 25 knots for months at a time.
Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division provides a wide range of professional services through its Fleet Support, Integrated Missions Solutions, Nuclear & Environmental, and Oil & Gas groups. Headquartered in Newport News, Virginia, HII employs nearly 37,000 people operating both domestically and internationally. For more information, visit:
Contact: Christie Miller (757) 380-3581 Christine.Miller@hii-co.com
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