Huntington Ingalls Industries (HII) said today that Christopher Kastner, executive vice president and HII’s chief financial officer, has been promoted to a new position of executive vice president and chief operating officer.
SEPTEMBER 5, 2017—The Naval Sea Systems Command (NAVSEA) is awarding Huntington Ingalls Inc. (HII-INC), Newport News, VA, a $2,800,000,000 cost-plus-incentive fee contract for the aircraft carrier USS George Washington (CVN 73) Refueling Complex
JUNE 23, 2017 — The nuclear-powered aircraft carrier John F. Kennedy (CVN 79) grew about 70 feet in length yesterday when the ship’s lower stern was lifted into place at Huntington Ingalls
FEBRUARY 16, 2017 —Huntington Ingalls Industries (NYSE:HII) reported fourth quarter 2016 results that beat analysts expectations, delivering an adjusted earnings per share for the quarter of $3.67, compared with the consensus estimate
SEPTEMBER 7, 2016 — Huntington Ingalls Inc., Newport News, VA, is being awarded a $109,917,238 cost-plus-fixed-fee modification to previously awarded contract N00024-15-C-2105 to exercise options for engineering, technical, and design services; configuration
JULY 25, 2016 – Earlier this year, defense media reported Navy officials as saying that 16 ships remained contaminated with low levels of radiation five years after taking in part in relief
JULY 6, 2016 — Huntington Ingalls Industries (NYSE:HII) reports that Vice Adm. Mark I. Fox (U.S. Navy, Ret.) has been named corporate vice president of customer affairs for the company’s Newport News
JUNE 14, 2016 — Huntington Ingalls Industries (NYSE:HII) reports that Michael Lempke has been appointed vice president of energy programs for its Newport News Shipbuilding division. He will succeed Pete Diakun, who
MAY 23, 2016 — Huntington Ingalls Inc., Newport News, VA, is being awarded a $152,005,409 cost-plus-fixed-fee contract for initial advance procurement efforts in support of the fiscal 2018 detail design and construction
“There’s no good way to do this,” the Virginian-Pilot reports Newport News Shipbuilding President Matt Mulherin as saying, adding that the swiftness of laid-off workers’ departures was largely related to the fact that the shipyard is a secure facility.”
Though the abruptness of the dismissals came as a shock, the layoffs themselves came as no great surprise.
Back in July, the shipbuilder warned workers that, as work on three major aircraft carrier projects winds down, layoffs lay ahead for both hourly paid and salaried employees. It projected that 500 jobs would go this year and another 1,500 plus in 2016.http://bit.ly/1KnifmT
In a “Dear Shibuilders” letter and accompanying FAQ, issued at that time, Mr. Mulherin said “remember that the workload valley has both a beginning and end as our workload increases again in 2017.
“”We will issue 60-day notices to all affected employees,” the workers were told. “Employees will be expected to work during the 60-day notice period.”
However, because the actual number of layoffs was kept below the 500 number, Newport News was not required to give advanced notifications and the workers separated from the company on the day they were laid off.
Seventy seven of those laid off who have the appropriate skills will have the opportunity to return to an hourly trade job.