President and CEO
Huntington Ingalls Industries
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.
|Huntington Ingalls Launches $1B Govt Services Segment As $380M Camber Buy Closes||Dec 02, 2016|
|Huntington Ingalls CEO: Shipbuilder Gains Prime Contract Opportunities Through Camber Purchase||Nov 03, 2016|
|Huntington Ingalls to Buy Camber for $380M to Add IT, Govt Services Market Footprints||Nov 02, 2016|
|Mike Petters: Huntington Ingalls Gets 20 Percent of Shipbuilding Work on Navy’s Ohio Submarine Replacement Program||May 16, 2016|
|Huntington Ingalls CEO Calls for Earlier Start to LX(R) Dock-Landing Ship Program||Apr 04, 2016|
|Report: Huntington Ingalls' Mike Petters Urges Navy to Push LXR Amphibious Ship Project Forward||Apr 01, 2016|
|Huntington Ingalls Corporate VP Kellye Walker Joins Executive Leadership Council; Mike Petters Comments||Mar 14, 2016|
|Michael Smith Named Huntington Ingalls Corporate VP for Strategy, Devt; Mike Petters Comments||Mar 02, 2016|
|Christopher Kastner to Become Huntington Ingalls CFO in March 2016; Mike Petters Comments||Nov 02, 2015|
|Huntington Ingalls Adds Philip Luna, Michael Smith to Senior Executive Team||Nov 02, 2015|
|Huntington Ingalls' Mike Petters Recognized for Coast Guard Foundation Support||Oct 13, 2015|
|Mike Petters Receives 'Lone Sailor' Award From Navy Memorial Foundation||Sep 29, 2015|
|HII Christens John Finn (DGG 113) Missile Destroyer; Mike Petters Comments||May 04, 2015|
|MCPON Michael Stevens, HII CEO Mike Petters to Attend DDG 113 Christening||Apr 28, 2015|
|Mike Petters Cites Irwin Edenzon's Leadership in Nimitz Award Nomination||Apr 17, 2015|
|Mike Petters Nominates Irwin Edenzon for Navy League Nimitz Award||Apr 16, 2015|
|Mike Petters: HHI Shipyards to Open On-Site Family Healthcare Centers||Mar 30, 2015|
|Huntington Ingalls' Mike Petters: Employers Embrace On-Site Healthcare, Telemedicine||Mar 27, 2015|
|Mike Petters: Craftsmanship, Performance Strengthens LPD Program||Mar 24, 2015|
|Huntington Ingalls Launches New Amphibious Transport Dock; Mike Petters Comments||Mar 23, 2015|
|Nancy Pelosi to Keynote USS John Murtha Christening at Ingalls Shipbuilding Center||Mar 18, 2015|
|Mike Petters: Veteran Workforce’s Dedication, Service Contributes to Company Strength||Mar 18, 2015|
|Huntington Ingalls, Johnson & Johnson Receive Reserve Officers Association Nathan Hale Awards; Mike Petters Comments||Mar 17, 2015|
|Mike Petters Sees HII on ‘Front Edge’ of Kennedy Carrier Contract||Mar 10, 2015|
|Huntington Ingalls to Help Navy Plan Kennedy Carrier Construction; Mike Petters Comments||Mar 06, 2015|
|HII’s Mike Petters, Barbara Niland to Present at JP Morgan Conference||Feb 25, 2015|
|Huntington Ingalls Reports 2% Revenue Jump for FY 2014; Mike Petters Comments||Feb 20, 2015|
|HII's Mike Petters: Gov't, Industry Should Adopt Long-Term Investment Mindset||Jan 29, 2015|
|Kellye Walker, Chuck Monroe to Take HII Legal Dept Leadership Roles; Mike Petters Comments||Dec 18, 2014|
|MIKE PETTERS: HUNTINGTON INGALLS COMMITTED TO LONG-TERM INVESTMENT||Dec 15, 2014|
|Mike Petters: Huntington Ingalls Eyes Energy Sector||Dec 11, 2014|
|Mike Petters: Huntington Ingalls, Navy Work to Manage Carrier Construction Budget||Dec 04, 2014|
|HUNTINGTON INGALLS CEO MIKE PETTERS: ARMS MAKERS NEED CLEAR DIRECTION FROM GOVT AMID BUDGET UNCERTAINTY||Dec 03, 2014|
|Mike Petters: Gov’t Should Give Industry ‘Clear Signals’ on Future Budget Plans||Dec 02, 2014|
|Huntington Ingalls’ Mike Petters: Schedules, Cost Plans Key in USS Gerald Ford Construction||Nov 14, 2014|
|HUNTINGTON INGALLS REPORTED 3Q REVENUE UP 5%||Nov 10, 2014|
|Huntington Ingalls 3Q 2014 Revenue Up 5%; Mike Petters Comments||Nov 07, 2014|
|Mike Petters, CEO of Huntington Ingalls Industries Honored by Navy League||Jun 25, 2014|
|Mike Petters: Huntington Ingalls Targets Energy Infrastructure Market With UniversalPegasus Intl Buy||May 16, 2014|
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