HII Closes Acquisition to Expand Shipbuilding Capacity in South Carolina

HII has successfully completed its acquisition of an advanced manufacturing facility and assets at its Newport News Shipbuilding – Charleston Operations site in South Carolina, aimed at enhancing shipbuilding capacity for U.S. national security needs. CEO Chris Kastner emphasized the importance of this acquisition in increasing throughput and adding trained talent to support the construction of nuclear-powered submarines and aircraft carriers. Over 99% of the legacy workforce has accepted offers to continue working at the facility, which boasts advanced manufacturing capabilities and significant space for expansion. The acquisition is expected to generate hundreds of new jobs, benefiting the South Carolina economy and bolstering the local shipbuilding workforce. HII's strategic move aligns with its commitment to address urgent naval demands and support AUKUS initiatives. This investment is part of HII's broader effort to enhance its operational footprint and efficiency in shipbuilding.