HII’s Mission Technologies Division Announces New Operating Model for Long-Term Business Growth
25 Oktober 2024 - 4:00PM
HII (NYSE: HII) announced that its Mission Technologies division
will consolidate its six operational groups into four. The changes
are designed to optimize the division for continued long-term
growth.
Effective Monday, Oct. 28, the division will reorganize into the
following groups:
- All-Domain Operations,
led by Todd Gentry, comprises C5ISR operations; platforms and
logistics support; and intelligence analysis.
- Global Security, led
by Michael Lempke, comprises live, virtual, constructive (LVC)
solutions; fleet sustainment; nuclear and environmental services;
and Australia business.
- Warfare Systems, led
by Grant Hagen, comprises cyber and mission IT; electronic warfare;
and C5ISR systems.
- Uncrewed Systems, led
by Duane Fotheringham, comprises unmanned underwater vehicles
(UUVs), unmanned surface vehicles (USVs) and autonomy
software.
Mission Technologies also will align the four groups to a common
operating model with specialized roles: operations leader, growth
leader, portfolio leader(s) and quality leader.
“I’m confident these changes will make us even more competitive,
improve the quality of our services for our customers, and ensure
the long-term health of our business,” said Andy Green, executive
vice president of HII and president of Mission Technologies.
Mission Technologies reported $2.7 billion in revenues for 2023
— a 13% organic growth increase compared to 2022. In the first half
of 2024, the division generated $1.5 billion in revenue, marking a
19% organic growth increase over the same period in 2023. The third
quarter earnings will be announced on Oct. 31.
“Our growth is unprecedented within HII — but not unexpected,”
Green said. “We’ve planned and executed to get to where we are
today. It’s up to us to reinvent ourselves for what lies ahead. We
are already well on our way.”
For bios of Andy Green and the Mission Technologies Leadership
team, visit:
https://hii.com/who-we-are/leadership/mission-technologies-leadership/.
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:
Greg McCarthy(202) 264-7126gregory.j.mccarthy@hii-co.com
Huntington Ingalls Indus... (NYSE:HII)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
Huntington Ingalls Indus... (NYSE:HII)
Historical Stock Chart
Von Dez 2023 bis Dez 2024