HII on NYSE

Huntington Ingalls Industries

Logo: Huntington Ingalls Industries, Public domain, via Wikimedia Commons5

American shipbuilding company

Huntington Ingalls Industries, Inc., (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.3 From Wikipedia, CC BY-SA 4.0

$271.58 up 4.37 (1.63%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 18, 2026.

Overview

Mar 31, 2011Founded1

Compare with General Dynamics, Malibu Boats or MasterCraft Boat Holdings, Inc., or pick any stock.

  • TickerHII on NYSE1
  • Industryshipbuilding1
  • HeadquartersNewport News1
  • Websitehii.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address4101 Washington Avenue, 909-7, 7J2, Newport News, Va 236076
  • Filer categoryLarge accelerated filer6

Huntington Ingalls Industries, Inc., (HII) is the largest military shipbuilding company in the United States as well as a provider of professional services to partners in government and industry. HII was formed on 31 March 2011, as a divestiture from Northrop Grumman.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

5.3%Operating margin8
4.8%Net margin8
8.2%Revenue growth, 20258
11.9%Return on equity8
$794.0MFree cash flow8

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 65% of the revenue Huntington Ingalls Industries broke down this way in fiscal 2025.

  1. Product$8.1B865%up 9% from 2024
  2. Service$4.4B835%up 7% from 2024
Products and services by year
Products and services202320242025
Product$7.7B$7.5B$8.1B
Service$3.8B$4.1B$4.4B

Business segments

Newport News Shipbuilding brought in 52% of the revenue Huntington Ingalls Industries broke down this way in fiscal 2025.

  1. Newport News Shipbuilding$6.5B852%up 9% from 2024
  2. Ingalls$3.1B824%up 11% from 2024
  3. Mission Technologies$3.0B824%up 4% from 2024
Business segments by year
Business segments202320242025
Newport News Shipbuilding$6.1B$6.0B$6.5B
Ingalls$2.8B$2.8B$3.1B
Mission Technologies$2.7B$2.9B$3.0B

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development0¢$26.0M
  • Other costs93¢$11.6B
  • Interest1¢$105.0M
  • Income tax1¢$172.0M
  • Profit5¢$605.0M

Out of $12.5B in revenue.8

Where each dollar of operating cash went, fiscal 2025

  • Capital spending34¢$402.0M
  • Dividends paid18¢$213.0M
  • Kept or used elsewhere49¢$581.0M

Out of $1.2B of cash from operations.8

Financial statements

Revenue91011128$12.5B in 2025+40% since 2019
0$5.0B$10.0B$15.0B2019: $8.9B$8.9B20192020: $9.4B$9.4B2020+5%2021: $9.5B$9.5B2021+2%2022: $10.7B$10.7B2022+12%2023: $11.5B$11.5B2023+7%2024: $11.5B$11.5B2024+1%2025: $12.5B$12.5B2025+8%
Operating income91011128$657.0M in 2025−11% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $736.0M$736.0M20192020: $799.0M$799.0M2020+9%2021: $513.0M$513.0M2021−36%2022: $565.0M$565.0M2022+10%2023: $781.0M$781.0M2023+38%2024: $535.0M$535.0M2024−31%2025: $657.0M$657.0M2025+23%
Net income91011128$605.0M in 2025+10% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $549.0M$549.0M20192020: $696.0M$696.0M2020+27%2021: $544.0M$544.0M2021−22%2022: $579.0M$579.0M2022+6%2023: $681.0M$681.0M2023+18%2024: $550.0M$550.0M2024−19%2025: $605.0M$605.0M2025+10%

Every line of the income statement in the latest annual report, as filed.8

Period ending2025-12-312024-12-312023-12-31
Sales and service revenues$12.5B$11.5B$11.5B
Income (loss) from operating investments, net$46.0M$49.0M$37.0M
Other income and gains, net$3.0M$9.0M$120.0M
General and administrative expenses$977.0M$973.0M$1.0B
Operating income (loss)$657.0M$535.0M$781.0M
Interest expense-$105.0M-$95.0M-$95.0M
Non-operating retirement benefit (expense)$190.0M$179.0M$148.0M
Other, net$35.0M$24.0M$19.0M
Earnings (loss) before income taxes$777.0M$643.0M$853.0M
Federal and foreign income taxes$172.0M$93.0M$172.0M
Net earnings (loss)$605.0M$550.0M$681.0M
Basic earnings (loss) per share$15.39$13.96$17.07
Weighted-average common shares outstanding (in shares)39.3M shares39.4M shares39.9M shares
Diluted earnings (loss) per share$15.39$13.96$17.07
Weighted-average diluted shares outstanding (in shares)39.3M shares39.4M shares39.9M shares
Change in unamortized benefit plan costs-$33.0M$528.0M$238.0M
Tax benefit (expense) for items of other comprehensive income$8.0M-$134.0M-$61.0M
Other comprehensive income (loss), net of tax-$25.0M$394.0M$177.0M
Comprehensive income (loss)$580.0M$944.0M$858.0M

Compare Huntington Ingalls Industries with another company

The story

When it spun off as a new company on 31 March 2011, Huntington Ingalls Industries comprised Northrop Grumman’s shipbuilding businesses in Newport News, Virginia, Pascagoula, Mississippi, and Avondale, Louisiana; Avondale was closed in 2014.

Since its creation, HII has built and expanded its professional and government services through the acquisitions of UniversalPegasus International, the S.M. Stoller Corporation, Camber Corporation, Novonics, the Columbia Group's Engineering Solutions division, G2 Inc., Alion Science and Technology, and Fulcrum IT Services.

In 2016, HII established a third division, Technical Solutions (now Mission Technologies), comprising the company's services capabilities. HII’s Mission Technologies division is headquartered in McLean, Virginia, with more than 100 facilities across the globe.

HII is named for the founders of its shipbuilding divisions: Collis Potter Huntington, who founded Newport News Shipbuilding and Drydock Company, and Robert Ingersoll Ingalls Sr., who established Ingalls Shipbuilding.

On 10 October 2024, the People's Republic of China announced sanctions on three U.S. military-industrial companies and 10 Americans, including Huntington Ingalls Industries and its president and CEO Christopher D. Kastner, for participating in arms sales to Taiwan.

From Wikipedia’s article on Huntington Ingalls Industries, shared under CC BY-SA 4.0.7

Leadership

Who has led Huntington Ingalls Industries, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (42)

Products and brands

Divisions

Newport News Shipbuilding, Newport News, Virginia (U.S. Navy nuclear aircraft carriers, submarines, refueling and complex overhaul, carrier inactivation)

Ingalls Shipbuilding, Pascagoula, Mississippi (U.S. Navy surface combatants, amphibious warships, and U.S. Coast Guard National Security Cutters)

Mission Technologies, (U.S. unified combatant command support, U.S. Navy fleet support, USAF and Air National Guard training support, software engineering and IT solutions, cybersecurity, other DoD training, unmanned systems, intelligence analysis, Department of Energy nuclear operations, nuclear fabrication, oil and gas services)

Ingalls Shipbuilding

In 1938, Ingalls Shipbuilding Corporation was founded by Robert Ingersoll Ingalls Sr. (1882–1951), on the East Bank of the Pascagoula River in Mississippi. It started out building commercial ships until the 1950s, when Ingalls started bidding on Navy work.

Read the full text

Employing more than 11,000 employees, HII's Ingalls Shipbuilding is the largest manufacturing employer in Mississippi and a major contributor to the economic growth of Alabama. For 85 years, Ingalls has designed, built and maintained amphibious ships, destroyers, and cutters for the U.S. Navy and the U.S. Coast Guard. The largest supplier of U.S. Navy surface combatants, Ingalls is simultaneously building four classes of ships.

Brian Blanchette, who served as vice president of quality at Ingalls from 2021 to 2024, began serving as president of Ingalls Shipbuilding and vice president of HII on 1 January 2025, after his predecessor Kari Wilkinson was named president of Newport News Shipbuilding in November 2024. As president, Blanchette is responsible for all programs and operations at Ingalls, including the U.S. Navy’s amphibious assault and surface combatant ship programs.

Newport News Shipbuilding

Founded in 1886, HII's Newport News Shipbuilding, headquartered in Newport News, Virginia, is the nation’s sole designer, builder and refueler of nuclear-powered aircraft carriers and one of only two shipyards capable of designing and building nuclear-powered submarines. The division's legacy of "Always Good Ships," includes the design, construction, overhaul and repair of more than 800 ships for the U.S. Navy and commercial customers.

Jennifer Boykin served as president of Newport News Shipbuilding and executive president of HII from 2017 to 2025. Boykin was the 20th person and the first woman to serve as president. On 1 January 2025, Kari Wilkinson was named to this position, coming from HII's Ingalls shipyard in Mississippi.

Facilities

HII operates facilities in several key locations across the US:

Newport News Shipbuilding, Newport News, Virginia (nuclear-powered aircraft carriers and submarines, refueling and complex overhaul, aircraft carrier inactivation)

Ingalls Shipbuilding, Pascagoula, Mississippi (U.S. Navy surface combatants, amphibious assault ships; U.S. Coast Guard national security cutters)

Virginia Beach, Virginia (fleet support, training)

San Diego, California (fleet support and repair)

Huntsville, Alabama (modeling and simulation, training, professional services)

Fairfax, Virginia (IT and cybersecurity services)

Former facilities

Gulfport, Mississippi (composite R&D, composite components)

Tallulah, Louisiana (components and subassemblies, closed in 2011)

Waggaman, Louisiana (closed in 2011)

Avondale Shipyard, New Orleans, Louisiana (amphibs, auxiliaries, closed in October 2014)

Gerald R. Ford-class aircraft carriers

As the nation’s sole designer-builder of nuclear-powered aircraft carriers, HII is currently designing and building the next-generation of aircraft carriers – the Gerald R. Ford class, the first new design for an aircraft carrier in decades – that use new technologies to provide the U.S. Navy with increased power and reduced manning. The company is to build ten Gerald R. Ford-class aircraft carriers for the U.S. Navy and is scheduled to deliver one carrier every five years starting in 2015.

In 2019, the U.S. Navy awarded HII a $15.2 billion block contract for the detail design and construction of Enterprise (CVN-80) and Doris Miller (CVN-81).

Aircraft Carrier Refueling and Complex Overhaul (RCOH)

HII's Newport News Shipbuilding is the only shipyard to perform refueling and complex overhaul (RCOH) work on aircraft carriers. This massive undertaking was described in a 2002 Rand Study as one of the most challenging engineering and industrial tasks undertaken anywhere by any organization.

The multi-year project is performed only once during a carrier’s 50-year life and includes refueling of the ship’s two nuclear reactors, as well as significant repair, upgrade and modernization work. HII have completed the refueling and complex overhaul of the first six ships of the Nimitz-class, USS Nimitz (CVN 68), USS Dwight D. Eisenhower (CVN 69), USS Carl Vinson (CVN 70), USS Theodore Roosevelt (CVN 71), USS Abraham Lincoln (CVN 72) and USS George Washington (CVN 73). As of 2024, HII is performing this work on the seventh ship in the class, USS John C. Stennis (CVN 74).

USS Harry S. Truman (CVN 75) is scheduled to begin RCOH at HII in late September 2026.

Aircraft carrier inactivation

Newport News Shipbuilding also offers inactivation services for nuclear-powered aircraft carriers. In 2018, NNS successfully completed the inactivation of Enterprise (CVN 65), which began in 2013. The NNS-built Enterprise was the world’s first nuclear-powered aircraft carrier and the only ship of its class.

Mission Technologies contracts

In August 2023, HII's Mission Technologies division received its largest contract win through the $1.4 billion Joint Network Engineering and Emerging Operations (J-NEEO) task order.

HII's Mission Technologies also celebrated other several large contract wins:

1.3 billion to support the U.S. Africa Command (AFRICOM) Personnel Recovery Enterprise Services and Solutions (PRESS) task order

A $995 million contract to provide Advisory and Assistance Services (A&AS) for the U.S. Air Forces in Europe-Air Forces Africa (USAFE-AFAFRICA)

A $242 million contract to provide shore-based training, engineering and development support (SBEDS) for the U.S. Navy

"Golden Fleet"

On 19 December 2025 the US Navy announced it would commission a new class of frigates in a series of warships to make up US President Donald Trump's envisioned "Golden Fleet". A derivative of the National Security Cutter, designated FF(X), was chosen for production.

From Wikipedia’s article on Huntington Ingalls Industries, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Acquisitions

  1. Mar 31, 2011Acquired Avondale Shipyard1
  2. Mar 31, 2011Acquired Ingalls Shipbuilding1
  3. Mar 31, 2011Acquired Newport News Shipbuilding1
  4. Succeeded Northrop Grumman Ship Systems1

Employees over time

  • 202444,0001
  • 201942,0001

Former names

  • HUNTINGTON INGALLS INDUSTRIES, INC.Dec 9, 2010 to Oct 2, 20266
  • New Ships, Inc.Oct 15, 2010 to Nov 24, 20106

Timeline

  1. Mar 31, 2011Founded Founded1
  2. Mar 31, 2011Went public Listed on NYSE1
  3. Mar 18, 2011New chief executive C. Michael Petters becomes CEO16

Recent filings

  1. Oct 2, 20264
  2. Oct 2, 20264
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  11. Oct 1, 20264
  12. Sep 14, 20264
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  14. Sep 14, 20264
  15. Sep 14, 20264

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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