Huntington Ingalls to Hire 3,000 Workers This Year
The majority of the world’s commercial shipbuilders have been announcing losses, cutbacks and layoffs since the end of 2015. Not so for the United States’ largest defense shipbuilder, Huntington Ingalls Industries (HII), which recently announced a 300 percent increase in profit for the fourth quarter. Full year earnings for 2016 were up 40 percent, reaching $570 million on revenues of $7 billion, and HII’s backlog stands at an enviable $20 billion in orders.
With all the work to be done, the firm plans to hire an additional 3,000 workers at its Newport News facility alone this year, including 250 engineers. HII’s yards in Virginia and Mississippi are already the largest industrial employers in their states, with 20,000 and 11,000 employees respectively.
Maritime Executive
2/21/17
Magnolia Tribune
