Executive Mosaic is glad to announce Huntington Ingalls Industries President and CEO Mike Petters as an inductee for the 2017 Wash100 — Executive Mosaic’s annual selection of the government contracting arena’s most influential voices.
Petters has led the business since his original 2008 appointment to what was then known as Northrop Grumman Shipbuilding and steered the organization through its 2011 spinoff from former parent Northrop Grumman to become the company now operating as Huntington Ingalls.
Newport News, Va.-based Huntington Ingalls is the U.S. military’s largest shipbuilder and in 2016 took the next step on its “Path to 2020” strategy focused on growth in government services through the $380 million purchase of Camber Corp. in December to add new technology-related contract work and diversify its revenue mix.
Upon the deal’s closure, Huntington Ingalls launched a standalone $1 billion government services segment named HII Technical Solutions that comprises Camber along with six other subsidiaries that gives the parent company an added footprint with intelligence, military and civilian agencies.
“We now have the scale to focus on that business in a way that allows for the pace to keep up with what is required in services. We think it’s a reasonable approach to expand our customer set and create access for capabilities on the high-end of services in a way that makes sense for us,” Petters told investors in November.
In that November call with analysts, Petters highlighted government services as Huntington Ingalls’ main target area for growth to complement the “basically flat business” of its core ship construction work.
“We continue to about that today, although there may be some opportunities ahead of us. But now we have access to a little more of the normal natural growth progression in the government services field,” Petters added.
Huntington Ingalls expects HII Technical Solutions to record low-single digit sales growth in 2017 and progress to 5-7 percent expansion by 2020.
HII reported $7.1 billion in revenue for 2016, up nearly 1 percent from the prior year.
This year represents our fifth annual Wash100 award selection. The Wash100 is the premier group of private and public sector leaders selected by Executive Mosaic's organizational and editorial leadership as the most influential leaders in the GovCon sector. These leaders demonstrate skills in leadership, innovation, achievement, and vision.
|Christopher Kastner to Become Huntington Ingalls CFO in March 2016; Mike Petters Comments||11/02/2015|
|Huntington Ingalls Adds Philip Luna, Michael Smith to Senior Executive Team||11/02/2015|
|Huntington Ingalls' Mike Petters Recognized for Coast Guard Foundation Support||10/13/2015|
|Mike Petters Receives 'Lone Sailor' Award From Navy Memorial Foundation||09/29/2015|
|HII Christens John Finn (DGG 113) Missile Destroyer; Mike Petters Comments||05/04/2015|
|MCPON Michael Stevens, HII CEO Mike Petters to Attend DDG 113 Christening||04/28/2015|
|Mike Petters Cites Irwin Edenzon's Leadership in Nimitz Award Nomination||04/17/2015|
|Mike Petters Nominates Irwin Edenzon for Navy League Nimitz Award||04/16/2015|
|Mike Petters: HHI Shipyards to Open On-Site Family Healthcare Centers||03/30/2015|
|Huntington Ingalls' Mike Petters: Employers Embrace On-Site Healthcare, Telemedicine||03/27/2015|
|Mike Petters: Craftsmanship, Performance Strengthens LPD Program||03/24/2015|
|Huntington Ingalls Launches New Amphibious Transport Dock; Mike Petters Comments||03/23/2015|
|Nancy Pelosi to Keynote USS John Murtha Christening at Ingalls Shipbuilding Center||03/18/2015|
|Mike Petters: Veteran Workforce’s Dedication, Service Contributes to Company Strength||03/18/2015|
|Huntington Ingalls, Johnson & Johnson Receive Reserve Officers Association Nathan Hale Awards; Mike Petters Comments||03/17/2015|
|Mike Petters Sees HII on ‘Front Edge’ of Kennedy Carrier Contract||03/10/2015|
|Huntington Ingalls to Help Navy Plan Kennedy Carrier Construction; Mike Petters Comments||03/06/2015|
|HII’s Mike Petters, Barbara Niland to Present at JP Morgan Conference||02/25/2015|
|Huntington Ingalls Reports 2% Revenue Jump for FY 2014; Mike Petters Comments||02/20/2015|
|HII's Mike Petters: Gov't, Industry Should Adopt Long-Term Investment Mindset||01/29/2015|
|Kellye Walker, Chuck Monroe to Take HII Legal Dept Leadership Roles; Mike Petters Comments||12/18/2014|
|MIKE PETTERS: HUNTINGTON INGALLS COMMITTED TO LONG-TERM INVESTMENT||12/15/2014|
|Mike Petters: Huntington Ingalls Eyes Energy Sector||12/11/2014|
|Mike Petters: Huntington Ingalls, Navy Work to Manage Carrier Construction Budget||12/04/2014|
|HUNTINGTON INGALLS CEO MIKE PETTERS: ARMS MAKERS NEED CLEAR DIRECTION FROM GOVT AMID BUDGET UNCERTAINTY||12/03/2014|
|Mike Petters: Gov’t Should Give Industry ‘Clear Signals’ on Future Budget Plans||12/02/2014|
|Huntington Ingalls’ Mike Petters: Schedules, Cost Plans Key in USS Gerald Ford Construction||11/14/2014|
|HUNTINGTON INGALLS REPORTED 3Q REVENUE UP 5%||11/10/2014|
|Huntington Ingalls 3Q 2014 Revenue Up 5%; Mike Petters Comments||11/07/2014|
|Mike Petters, CEO of Huntington Ingalls Industries Honored by Navy League||06/25/2014|
|Mike Petters: Huntington Ingalls Targets Energy Infrastructure Market With UniversalPegasus Intl Buy||05/16/2014|