Huntington Ingalls Industries, Inc. (HII) is a global defense partner specializing in the construction and delivery of naval ships and advanced technologies . The company is organized into three main segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Mission Technologies, each focusing on different aspects of shipbuilding and technology solutions . HII's primary customers are the U.S. Government and the U.S. Navy, with a significant portion of its revenue derived from these sources . The company's offerings include a range of naval vessels and integrated technology solutions, catering to both nuclear and non-nuclear needs .
- Ingalls Shipbuilding - Focuses on the design, construction, repair, and maintenance of non-nuclear ships, including amphibious assault ships and surface combatants .
- Newport News Shipbuilding - Specializes in the design, construction, overhaul, refueling, and maintenance of nuclear ships, such as aircraft carriers and submarines .
- Mission Technologies - Develops integrated technology solutions, including C5ISR systems, AI and machine learning applications, cyberspace strategies, electronic warfare, unmanned systems, and fleet sustainment .
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Brian D. Blanchette Executive | EVP and President, Ingalls Shipbuilding | None | President of Ingalls Shipbuilding since January 2025; joined HII in 1996; previously VP of Quality and Engineering at Ingalls Shipbuilding. | |
Brooke A. Hart Executive | EVP, Communications | None | EVP of Communications since September 2021; former VP of Communications at Sierra Nevada Corporation; extensive experience in brand management and media relations. | |
Chad N. Boudreaux Executive | EVP and Chief Legal Officer | None | Chief Legal Officer since 2011; established HII's compliance program; former Deputy Chief of Staff at the U.S. Department of Homeland Security. | |
Christopher D. Kastner Executive | President and CEO | Board of Trustees for Eastern Virginia Medical School | CEO since March 2022; previously COO and CFO at HII; extensive experience in financial and operational leadership. | View Report → |
Edgar A. Green III Executive | EVP and President, Mission Technologies | None | President of Mission Technologies since December 2016; extensive leadership experience in corporate development and shipbuilding. | |
Eric D. Chewning Executive | EVP, Strategy and Development | None | EVP of Strategy and Development since January 2023; former Chief of Staff to the U.S. Secretary of Defense; extensive experience in defense and consulting. | |
Kara R. Wilkinson Executive | EVP and President, Newport News Shipbuilding | None | President of Newport News Shipbuilding since January 2025; joined HII in 1996; previously President of Ingalls Shipbuilding. | |
Paul C. Harris Executive | EVP and Chief Sustainability Officer | None | Chief Sustainability Officer since March 2022; former Chief Compliance Officer; extensive legal and compliance experience in corporate and public sectors. | |
Thomas E. Stiehle Executive | EVP and CFO | None | CFO since February 2021; joined HII in 2011; previously VP and CFO of Ingalls Shipbuilding; expertise in financial management and strategy. | |
Anastasia D. Kelly Board | Director | Senior Advisor at DLA Piper, George Washington University Medical Faculty Associates, Equal Justice Works | Director since March 2011; extensive legal and corporate governance experience; former General Counsel at several large corporations. | |
Craig S. Faller Board | Director | Viken Detection, Sigma Defense Systems, PayCargo, Excelerate Energy, Penn State Applied Research Laboratory, Center for Naval Analysis, Atlantic Council, National Defense University, Florida International University | Director since October 2023; retired U.S. Navy Admiral; former Commander of U.S. Southern Command. | |
Frank R. Jimenez Board | Director | General Counsel of GE HealthCare, University of Miami, Equal Justice Works, Pro Bono Partnership, Atlantic Legal Foundation, Yale Law School Fund, Miami Christian School | Director since February 2023; extensive legal experience; former General Counsel at Raytheon Technologies and Bunge Limited. | |
John K. Welch Board | Director | Ocean Reef Community Association (Chairman), Novawall Systems Inc., Mount St. Joseph High School | Director since February 2015; former CEO of Centrus Energy Corp.; extensive experience in shipbuilding and energy markets. | |
Kirkland H. Donald Board | Chairman of the Board | Entergy Corporation, Centrus Energy Corporation, Battelle Memorial Institute, CyberCore Technologies, Naval Submarine League, Rolls-Royce North America, Sauer Compressors USA, LANXESS Corporation | Chairman since April 2020; retired U.S. Navy Admiral with expertise in nuclear propulsion and defense. | |
Leo P. Denault Board | Director | Jobs for America’s Graduates, Edison Electric Institute, Institute of Nuclear Power Operators, World Association of Nuclear Operators Atlanta Centre | Director since December 2022; former CEO of Entergy Corporation; led transformation into a premier utility company. | |
Stephanie L. O’Sullivan Board | Director | The Aerospace Corporation, Battelle Memorial Institute, HRL Laboratories, IQT, Accenture Federal Services proxy board, CIA Officers Memorial Foundation | Director since January 2021; former Principal Deputy Director of National Intelligence; expertise in intelligence and technology. | |
Thomas C. Schievelbein Board | Director | New York Life Insurance Co. (Lead Director) | Director since March 2011; retired CEO of The Brink’s Company; former President of Northrop Grumman Newport News. | |
Tracy B. McKibben Board | Director | CEO of MAC Energy Advisors, Ecolab Inc. (Audit Committee), USAA (Finance and Audit Committees), New York Power Authority, Council on Foreign Relations | Director since December 2018; founder and CEO of MAC Energy Advisors; expertise in energy and sustainability. | |
Victoria D. Harker Board | Director | EVP and CFO of Tegna Inc., Xylem Inc. (Audit Chair), University of Virginia Board of Visitors, Jefferson Trust, Wolf Trap Foundation | Director since August 2012; CFO of Tegna Inc.; extensive experience in finance and governance. |
- Labor productivity in your shipyards remains below pre-pandemic levels due to the inexperience of the workforce . When do you expect productivity to return to pre-pandemic levels, and what specific measures are you implementing to accelerate this improvement?
- Ingalls Shipbuilding's margins dipped this quarter due to factors like lower risk retirement on surface combatant programs and schedule adjustments for milestones such as DDG 129 . How do these developments affect your profitability outlook, and what steps are you taking to restore margins at Ingalls?
- You have adjusted delivery schedules for ships like SSN 798 Massachusetts, shifting delivery from late 2024 to early 2025 due to equipment replacement during testing . How will these schedule changes impact your financial commitments and confidence in meeting future milestones?
- Despite a strong trailing 12-month book-to-bill ratio of 1.15 and an $83 billion pipeline in Mission Technologies , you are maintaining a 5% growth guidance . What are the constraints preventing higher growth, and how might successful execution on your pipeline influence future growth rates?
- With Deloitte winning a $2.4 billion Navy shipbuilding contract that HII was not involved in , can you explain why Mission Technologies did not participate in this opportunity and how you are positioning the division to compete more effectively in such contracts?
Research analysts who have asked questions during HUNTINGTON INGALLS INDUSTRIES earnings calls.
Myles Walton
Wolfe Research, LLC
6 questions for HII
Scott Mikus
Melius Research
6 questions for HII
Seth Seifman
JPMorgan Chase & Co.
6 questions for HII
Gautam Khanna
TD Cowen
5 questions for HII
Noah Poponak
Goldman Sachs
5 questions for HII
Ronald Epstein
Bank of America
5 questions for HII
Scott Deuschle
Deutsche Bank
4 questions for HII
David Strauss
Barclays
3 questions for HII
Douglas Harned
Sanford C. Bernstein & Co., LLC
3 questions for HII
Peter Skibitski
Alembic Global Advisors
3 questions for HII
Jason Gursky
Citigroup Inc.
2 questions for HII
Jordan Lyonnais
Bank of America
1 question for HII
Joshua Korn
Barclays PLC
1 question for HII
Michael Mccormick
Sanford C. Bernstein & Co.
1 question for HII
Robert Stallard
Vertical Research Partners
1 question for HII
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
In the business of designing, building, overhauling, and repairing military ships, the company primarily competes with this entity and, in the case of certain non-nuclear shipbuilding programs, smaller shipyards. The company is one of only two companies currently capable of designing and building nuclear-powered submarines for the U.S. Navy and is party to long-term teaming agreements with this entity for the production of both Virginia class (SSN 774) fast attack nuclear submarines and Columbia class (SSBN 826) ballistic missile submarines. | |
The Mission Technologies segment competes domestically and internationally against large aerospace and defense companies, primarily this entity, Amentum, ManTech, Leidos, and increasingly, small businesses serving the intelligence community. | |
Amentum | The Mission Technologies segment competes domestically and internationally against large aerospace and defense companies, primarily L3 Harris, this entity, ManTech, Leidos, and increasingly, small businesses serving the intelligence community. |
ManTech | The Mission Technologies segment competes domestically and internationally against large aerospace and defense companies, primarily L3 Harris, Amentum, this entity, Leidos, and increasingly, small businesses serving the intelligence community. |
The Mission Technologies segment competes domestically and internationally against large aerospace and defense companies, primarily L3 Harris, Amentum, ManTech, this entity, and increasingly, small businesses serving the intelligence community. | |
To a lesser extent, the company's lines of business compete on certain contracts with major prime aerospace and defense contractors, including this entity, General Dynamics, Northrop Grumman, RTX Corporation, and Boeing. | |
To a lesser extent, the company's lines of business compete on certain contracts with major prime aerospace and defense contractors, including Lockheed Martin, General Dynamics, this entity, RTX Corporation, and Boeing. | |
To a lesser extent, the company's lines of business compete on certain contracts with major prime aerospace and defense contractors, including Lockheed Martin, General Dynamics, Northrop Grumman, this entity, and Boeing. | |
To a lesser extent, the company's lines of business compete on certain contracts with major prime aerospace and defense contractors, including Lockheed Martin, General Dynamics, Northrop Grumman, RTX Corporation, and this entity. |
| Customer | Relationship | Segment | Details |
|---|---|---|---|
U.S. Government | Prime customer for defense contracts, including shipbuilding programs | All | 99.9% of 2024 revenue ($11,527 million ) and $210 million of accounts receivable. |
U.S. Navy | Designs, constructs, repairs, and maintains nuclear/non-nuclear ships | All | 80% of 2024 revenue. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
W International | 2025 | HII acquired W International for $140 million in a deal closed in January 2025, integrating its 480,000 square-foot advanced metal fabrication facility into the Newport News segment to support shipbuilding operations and immediately boost throughput, while adding 500 skilled employees and mitigating supply chain risks. |
Alion Science and Technology Corporation | 2021 | HII acquired Alion for $1.65 billion in cash (financed through a mix of senior notes and a term loan) with the transaction completed in August 2021; the acquisition enhanced HII’s capabilities in ISR, military simulation, and cyber technologies, yielding significant goodwill and intangible assets while being integrated into the Technical Solutions division. |
Recent press releases and 8-K filings for HII.
- HII announced the addition of Westley Group as a strategic supplier supporting the U.S. Navy’s submarine industrial base, reinforcing allied defense collaboration under the AUKUS framework.
- Westley Group is approved by HII’s Newport News Shipbuilding division to deliver critical metal castings for nuclear-powered submarines and aircraft carriers.
- The partnership aims to create a more integrated and resilient global supply chain to meet the expanded demand for nuclear submarines.
- Westley Group employs over 300 personnel across four U.K. manufacturing facilities with comprehensive casting, machining, testing, and assembly capabilities.
- HII and Shield AI completed the first major test of their integrated autonomy solution aboard the ROMULUS 20 USV during a three-day trial in Virginia Beach in late October.
- The trial marks the first maritime deployment of Shield AI’s Hivemind Enterprise SDK integrated with HII’s Odyssey software, enabling AI-powered mission autonomy even in GPS- and communications-denied environments.
- The successful test was achieved less than six weeks after announcing the partnership, underscoring rapid integration and collaboration between the defense technology firms.
- ROMULUS, a modular high-performance USV line, includes the under-construction ROMULUS 190, designed to exceed 25 knots, operate up to 2,500 nautical miles, and carry four 40-ft ISO containers running both Odyssey and Hivemind.
- HII’s Odyssey suite is deployed on 35+ USVs and 750+ UUVs across 30 countries, and the partnership aims to expand multi-domain autonomy solutions.
- Consolidated revenue rose 16.1% YoY to $3.192 B, driven by higher volumes at Ingalls Shipbuilding ($828 M, +24.7%), Newport News Shipbuilding ($1,617 M, +14.5%) and Mission Technologies ($787 M, +11.0%).
- Segment operating income increased 84.5% YoY to $179 M (5.6% margin vs. 3.5%), led by Newport News at $80 M (vs. $15 M) and Ingalls at $65 M (vs. $49 M).
- Free cash flow declined to $16 M from $136 M in Q3 2024, with CAPEX of $102 M (3.2% of revenue) and $2 B liquidity at quarter-end.
- FY25 outlook updated: free cash flow guidance raised to $550 M–$650 M; shipbuilding revenue narrowed to $9.0 B–$9.1 B; Mission Technologies revenue to $3.0 B–$3.1 B.
- Operational initiatives include targeting 15% throughput improvement, $250 M of annualized cost savings by year-end, and securing over $50 B in new contract awards across 2025–2026.
- Record Q3 sales of $3.2 billion and diluted EPS of $3.68, with backlog at $56 billion (of which $33 billion is funded).
- Shipbuilding revenue grew 18% YoY to $2.4 billion ($828 million at Ingalls; $1.6 billion at Newport News) and Mission Technologies sales of $787 million (+11% YoY).
- Operational initiatives on track, targeting 15% throughput improvement for 2025, hiring 4,600 shipbuilders YTD, and executing a $250 million cost reduction plan.
- Revised 2025 guidance: Shipbuilding revenue $9–9.1 billion (margin 5.5–6.5%), Mission Technologies revenue $3–3.1 billion (margin ~4.5%), and free cash flow $550–650 million.
- Q3 free cash flow of $16 million, operating cash flow $118 million, net CapEx $102 million, dividend increased to $1.38/share, and liquidity at ~$2 billion.
- Record Q3 revenue of $3.2 billion and diluted EPS of $3.68, driven by 18% shipbuilding sales growth and 11% growth in Mission Technologies revenues of $787 million.
- $56 billion backlog, of which $33 billion is funded.
- Full-year 2025 throughput improvement target raised to ~15% and reaffirmation of the $250 million annualized cost reduction plan.
- Updated 2025 outlook: narrowed shipbuilding revenue to $9.0–9.1 billion, Mission Technologies revenue to $3.0–3.1 billion, and free cash flow guidance increased to $550–650 million; dividend raised to $1.38/share.
- Q3 revenues reached $3.2 billion (up 16.1% YoY) with net earnings of $145 million and diluted EPS of $3.68.
- Operational momentum: targeting 15% throughput improvement for full-year 2025, having hired 4,600+ shipbuilders YTD, improved retention, and expanded outsourcing to 23 partners.
- Updated 2025 outlook: shipbuilding revenue of $9.0–9.1 billion (5.5–6.5% margin); Mission Technologies revenue of $3.0–3.1 billion (≈4.5% operating, 8–8.5% EBITDA margins); free cash flow of $550–650 million; and a cumulative 2025–26 FCF target of $1.2 billion; dividend raised to $1.38/share.
- Unveiled the Romulus family of unmanned surface vessels powered by Odyssey Autonomy software, including a partnership with Shield AI to enhance autonomous capabilities.
- Record revenues of $3.2 billion, up 16.1% year-over-year.
- Operating income of $161 million (5.0% margin) vs. $82 million (3.0% margin) in Q3 2024; net earnings of $145 million, EPS $3.68.
- Operating cash flow of $118 million; free cash flow of $16 million.
- New contracts totaling $2.0 billion, with backlog reaching $55.7 billion as of September 30, 2025.
- Raised FY25 free cash flow guidance to $550–650 million; shipbuilding revenue now expected at $9.0–9.1 billion (5.5–6.5% margin).
- HII reported record Q3 2025 revenue of $3.2 billion, a 16.1% increase over Q3 2024.
- Q3 2025 net earnings were $145 million, or $3.68 diluted EPS, versus $101 million and $2.56 EPS in Q3 2024.
- Operating income for the quarter was $161 million (5.0% margin); segment operating income was $179 million (5.6% margin).
- Net cash from operations was $118 million; free cash flow was $16 million; new contract awards totaled $2.0 billion, lifting backlog to $55.7 billion as of September 30, 2025.
- Huntington Ingalls Industries (HII) and HD Hyundai Heavy Industries (HHI) signed a memorandum of agreement at APEC 2025 to advance U.S.–Korea shipbuilding collaboration on distributed construction and teaming for auxiliary and commercial vessels .
- The agreement targets four key priorities: joint investments in distributed and flexible shipbuilding, strategic teaming on Navy auxiliary programs, R&D and technology implementation (AI/ML, robotics, automation), and enhanced Indo-Pacific ship lifecycle support .
- In early October, the companies agreed to jointly pursue the U.S. Navy’s next-generation logistics ship (NGLS) concept design contract, combining HII’s complex shipbuilding expertise with HHI’s proven auxiliary vessel designs .
- Huntington Ingalls Industries and HD Hyundai Heavy Industries signed a memorandum of agreement (MoA) at the 2025 APEC summit to co-design and build the U.S. Navy’s next-generation auxiliary and logistics support ships.
- The partnership includes joint investment to establish or acquire new U.S. shipbuilding facilities, supply Korean-made block modules and key materials, and explore an engineering joint venture.
- The collaboration aims to boost efficiency, reduce costs, and accelerate shipyard throughput through shared expertise in engineering, AI, robotics, and automation.
- Both companies will also cooperate on maintenance, repair, and overhaul services for U.S. and allied naval vessels.