Key Takeaways HII won a $13.1M contract to support maintenance and repair of the USS John C. Stennis.The work will be performed in Newport News, VA, with completion expected by August 2026.HII has built more than 31 aircraft carriers, including all 10 active Nimitz-class ships.Huntington Ingalls Industries Inc.’s (HII) subsidiary, HII Fleet Support Group LLC, recently won a contract to support the refueling and complex overhaul, as well as the engineering maintenance assist team of the USS John C. Stennis ...

Prime Minister Keir Starmer said he hopes the UK’s £10 billion ($13 billion) shipbuilding deal with Norway will be the “first of many” such defense contracts https://t.co/offWKYsGAN ...

ab Global Research owered by UBS Evidence Lab YES P 1 September 2025 First Read China Industrials Tracking trade flows amid changing US tariffs on China (week 35) Key highlights from high frequency data on trade flows We gather weekly data from UBS Evidence Lab, the Ministry of Transport and other third-party data providers to present the most recent trade flows after the US-imposed high tariffs on China. We cover shipping, shipbuilding, ports, international freight flights and land transportation. Port vol ...

31 August 2025 | 7:03PM HKT Global Shipbuilding: A prolonged upcycle with two stages Global shipbuilding industry has experienced a four-year order-surge period until 2025. The market is today concerned that the orderbook may sequentially retreat on declining profitability of container shippers given oversupply and tariff uncertainties. We believe decarbonization and replacement for aging fleets will be the key drivers of this upcycle which we see lasting until 2032E, with newbuild price support from limite ...

While there are countries that produce much larger yachts on average, like The Netherlands and Germany, for example, Italy leads in terms of sheer units. (Photo: Sanlorenzo) https://t.co/Dp99aSXzQr https://t.co/jq3yEG8NT6 ...

While there are countries that produce much larger yachts on average, like The Netherlands and Germany, for example, Italy leads in terms of sheer units. (Photo: Sanlorenzo) https://t.co/4ozTFcOySI https://t.co/zEdGSg2Xz9 ...

Financial Data and Key Metrics Changes - EBIT doubled from FY 2024 to $113,400,000, indicating strong business performance and year-on-year improvement [7][15] - Group revenue increased by 24.1%, with U.S. shipbuilding revenue up by 28% and Australasia shipbuilding growing by 60% [16][17] - The group balance sheet strengthened by over 30% to $1,300,000,000, supported by operational performance and capital raising [22] Business Line Data and Key Metrics Changes - U.S. shipbuilding revenue increased due to contracts for OPC, CATs, and submarine contracts, offsetting declines from nearing completion of LCS and EPF programs [16][17] - Australasia shipbuilding benefited from being appointed as the Commonwealth of Australia's sovereign shipbuilder, contributing to significant revenue growth [17][18] - The support business in Australasia improved by 27% due to increased servicing work from fleet sustainment activities [17] Market Data and Key Metrics Changes - The order book reached a near record high of $13,000,000,000, securing revenue for years to come [8][9] - The defense sector continues to dominate, making up 97% of revenue, with expectations for growth in both U.S. and Australian markets [21] Company Strategy and Development Direction - The strategic shipbuilding agreement positions the company as the prime contractor for surface combatant vessels in Australia, enhancing sovereign shipbuilding capabilities [26] - The company is focusing on long-term value creation for shareholders through sustainable growth and capital investments in manufacturing capacity [6][27] - The company anticipates growth opportunities through the AUKUS agreement, particularly in submarine modules and technology [28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the outlook for both U.S. and Australian markets, citing increased defense expenditure and a strong order book [3][27] - The company is optimistic about transitioning from legacy programs to new contracts, which are expected to drive revenue and profitability [36][37] - Management highlighted the importance of their workforce and the strategic initiatives taken over the past five years to achieve transformational growth [12][90] Other Important Information - The company reported a net cash position of $453,000,000, underpinned by strong operational performance and successful capital raising [9][23] - The company is investing in expanding production capacity, particularly in the U.S., to meet growing demand [23][24] Q&A Session Summary Question: Outlook for 2026, particularly regarding margins in U.S. segments - Management indicated that while there may be some volatility, they expect revenue and profitability to increase as they resolve ongoing contract issues [36][37] Question: Update on the strategic shipbuilding agreement and revenue ramp-up - Management confirmed that they are in the design phase for the medium landing craft and expect to finalize the heavy landing craft contract by the end of the calendar year [40] Question: Opportunities to work with other prime contractors in the U.S. - Management stated they are open to partnerships and have ongoing discussions to utilize their capacity for various programs [44][46] Question: Expectations for Australasia EBIT in FY 2026 - Management expressed confidence in steady growth, with no expectation of a decline, as new programs come online [52] Question: CapEx associated with landing craft construction - Management confirmed that the existing facility can accommodate the medium landing craft, while the heavy landing craft may require additional investment, likely funded by the government [68][70] Question: Update on REAs and cash flow implications - Management indicated that they expect to finalize REAs soon, which will provide a significant cash injection [74][75] Question: Impact of Hanwha's involvement and potential partnerships - Management acknowledged the uncertainty surrounding Hanwha but emphasized their long-term partnership with the government and the ability to manage any concerns [82][84]

Double Yacht Delivery From Damen Heads To Monaco https://t.co/f48cpLb0Om https://t.co/qhCLtJaLNY ...

Paddy Gregg Chief Executive Officer Christian Johnstone Chief Financial Officer FY2025 Full Year Results 29 August 2025 For personal use only 1 2 Austal 'at a glance' A growing defence prime contractor, delivering for the defence maritime and commercial sectors $1.8B FY25 revenue $13.1B Current Order Book (incl. options) 4,479 Employees 7 Ships Ordered 7 Ships Delivered In FY25 49 Ships under construction or scheduled 73 Vessels under Sustainment Contracts 5 Shipyards in 4 countries 8 Service Centres in 4 c ...

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, a ...