Huntington Ingalls Industries, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Christopher Douglas Kastner
- Full Time Employees
- 45,000
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
- 4101 Washington Avenue Newport News VA United States of America 23607
- IPO Date
- Mar 22, 2011
- CIK
- 0001501585
- Website
- hii.com
- Similar Companies
- Business
- Huntington Ingalls Industries, Inc. (HII) is the largest military shipbuilding company in the United States and a global all-domain defense provider specializing in the design, construction, overhaul, and repair of nuclear and non-nuclear ships for the U.S. Navy and Coast Guard. The company operates through three primary business segments: Newport News Shipbuilding, which designs and builds nuclear-powered aircraft carriers and submarines as well as conducts refueling and complex overhaul services; Ingalls Shipbuilding, which constructs non-nuclear ships including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters; and Mission Technologies, which delivers integrated C5ISR (command, control, communications, computers, combat systems, intelligence, surveillance, and reconnaissance) solutions, cyber and electronic warfare capabilities, artificial intelligence and machine learning applications, unmanned autonomous systems including underwater vehicles (UUVs) and surface vessels (USVs), and live, virtual, and constructive training systems. HII also provides professional services and fleet sustainment across military maritime domains. Founded in 1886 and headquartered in Newport News, Virginia, the company serves government and industry partners primarily in the United States with international reach through various technology exports. In the last two years, Huntington Ingalls has undertaken significant strategic initiatives and operational expansions. It rebranded to HII in 2022 and has been investing heavily in modernizing its shipbuilding infrastructure with a $4.1 billion commitment to expand manufacturing capacity by 480,000 square feet enhanced with automation tools to improve production throughput and margins. The company is executing a 15 percent throughput improvement plan for 2025, driven by workforce growth with over 4,600 shipbuilders hired year-to-date and enhanced retention. Operational improvements include increased outsourcing and contract labor utilization to address labor shortages. HII has forged key strategic partnerships including a collaboration with Babcock International to integrate unmanned underwater vehicles with submarine weapon systems targeting international markets, a partnership with Shield AI to advance modular mission autonomy, and with Telus to develop autonomous undersea mine countermeasure systems. It also unveiled the Romulus family of unmanned surface vessels powered by proprietary Odyssey Autonomy software. Further, HII has acquired a production site in Charleston to boost capacity and entered into a memorandum of understanding with HD Hyundai Heavy Industries to explore future collaborations and partnered with C3 AI for artificial intelligence applications in shipbuilding. These moves align with the company's focus on expanding its all-domain defense capabilities beyond traditional shipbuilding to integrated technology solutions supporting the U.S. Navy and allied partners, including involvement in the AUKUS security pact enhancing nuclear shipbuilding and unmanned systems in Australia. Huntington Ingalls maintains a robust backlog valued at $56 billion, with guidance of over $50 billion in contract awards expected over 2025 and 2026, underlining strong demand for its products and services in the evolving defense landscape. The company continues to optimize cost structures targeting $250 million in annualized savings while progressing on critical programs such as the Gerald R. Ford-class aircraft carriers and emerging submarine projects across its segments. This comprehensive portfolio of naval shipbuilding and defense technology services positions Huntington Ingalls Industries as a cornerstone supplier to U.S. maritime defense, supported by longstanding expertise, continuous technological innovation, and strategic global partnerships.
Company News
Ingalls Shipbuilding to Host On-Site Hiring Event October 24 for All Skill Levels
HII's Newport News Shipbuilding Charleston Operations to Host Skilled Trades Hiring Event Oct. 27
Can AUKUS Submarine Demand Support HII's Long-Term Growth?
HII is Awarded Contract to Support AUKUS Engineering and Design Work
5 Low Price-to-Book Stocks to Watch for Growth Potential in October
HII to Host Third Quarter Earnings Conference Call and Webcast on Oct. 29
Head to Head Contrast: Huntington Ingalls Industries (NYSE:HII) and MDA Space (NYSE:MDA)
HII Promotes Greg Ennis to Chief Financial Officer of Mission Technologies
3 Defense Stocks That Are Starting October Below Their 52-Week Highs
Huntington Ingalls: Believing The Yard Can Get Faster
USS Harry S. Truman (CVN 75) Arrives at HII's Newport News Shipbuilding to Start its Refueling and Complex Overhaul
HII or SAFRY: Which Is the Better Value Stock Right Now?
HII Wins U.S. Navy Contract for 10 ROMULUS USVs, Accelerating Deployment of Proven Autonomous Capability
HII is Awarded Contract to Execute USS Harry S. Truman (CVN 75) Refueling and Complex Overhaul
HII's Newport News Shipbuilding Achieves Preliminary Acceptance of John F. Kennedy (CVN 79)
HII Hosts National Commission on the Future of The Navy at Ingalls Shipbuilding
HII Expands Unmanned Production Facility by 25% to Meet Growing Global Maritime Demand
Huntington Ingalls Industries (NYSE:HII) & Satellogic (NASDAQ:SATL) Head-To-Head Contrast
Ingalls Shipbuilding's Virtual Reality Welding Lab Surpasses 1,000 Trainees
NewEdge Advisors LLC Has $2.60 Million Position in Huntington Ingalls Industries, Inc. $HII