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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 .
| 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?
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.
- The executives reiterated strong political and customer support for shipbuilding programs, highlighting the progression from Block V contracts to expectations for Block VI and continued investments in Virginia-class, Columbia-class, and submarine initiatives.
- Emphasis was placed on improved workforce retention and infrastructure investments at Newport News to boost efficiency, reduce attrition, and support cost savings targets.
- The call also noted a 4% top-line growth outlook for shipbuilding and free cash flow guidance between $300M to $500M, contingent on meeting key delivery milestones and execution benchmarks.
- Q1 Performance: Revenues reached $2.7B with EPS of $3.79, net earnings of $149M, and a backlog of $48B amid a slight YoY decline to $2,734M .
- Contract Awards & Guidance: Recent awards—including FY '24 2-boat, Block VI, and Columbia Build II—support future orders expected to exceed $50B in 2025-2026 .
- Operational Initiatives: Efforts to boost shipbuilding throughput (targeting a 20% improvement ) and cost reduction measures aim for $250M in annualized savings by year-end .
- Segment Performance: Operating income held roughly flat at $171M, with gains in Newport News and Mission Technologies offsetting declines at Ingalls Shipbuilding .
- Cash Flow & Dividends: The quarter reported negative free cash flow of $462M while distributing $53M in dividends .
- Site-Specific Updates: Ingalls remains on plan, whereas Newport News faced minor delays due to weather and equipment issues .