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Huntington Ingalls Industries (HII) is America's largest military shipbuilder, delivering advanced naval defense systems and mission technologies. This page provides investors and industry professionals with verified updates on corporate developments shaping national security markets.
Access official press releases, earnings reports, and analysis of defense contracts. Track naval engineering milestones, government partnerships, and innovations from HII's Mission Technologies division through curated updates sourced directly from company communications.
Key updates include quarterly financial results, vessel delivery announcements, cybersecurity advancements, and Department of Defense procurement awards. All content adheres to financial disclosure standards for reliable decision-making.
Bookmark this page to monitor HII's strategic initiatives in military shipbuilding and unmanned systems through a single authoritative channel.
HII (NYSE: HII) has secured a significant $147 million contract through its Mission Technologies division to provide comprehensive shipboard and shore-based combat training services for the U.S. Navy. The five-year task order, awarded under the SeaPort Next Generation contract vehicle, involves supporting the U.S. Naval Surface Warfare Center Dahlgren Division, Dam Neck Activity (NSWCDD DNA).
The scope encompasses engineering support for training systems, including hardware and software installation, system certification, testing, troubleshooting, repair, and lifecycle sustainment. Work will be executed across multiple locations both in the United States and overseas, supporting U.S. naval fleet operations worldwide.
HII (NYSE: HII) has secured a significant $182 million task order to provide logistics support for U.S. Air Force F-16 pilot training devices. The five-year contract will be executed through HII's Mission Technologies division in collaboration with Trident Military Systems
The project involves engineering maintenance for the U.S. Air Force's Mission Tactics Trainer Training System Support Center, supporting F-16 aircraft simulator systems used by the U.S. Air National Guard, Air Force Reserve Command, and Navy. The work will be primarily conducted in Mesa, Arizona.
This contract complements HII's existing portfolio, including Distributed Mission Operations for F-15 pilot training, the Air National Guard's Distributed Training Operations Center, and Mobility Air Forces programs.
HII (NYSE: HII), America's largest military shipbuilder, has secured a contract worth $9.6 million AUD to implement the Australian Submarine Supplier Qualification (AUSSQ) pilot program over the next two years. The initiative aims to identify and qualify Australian suppliers for the U.S. submarine industrial base.
The program supports the AUKUS trilateral security partnership between Australia, UK, and US, focusing on developing a sovereign and internationally integrated supply chain for nuclear-powered submarines. HII, which annually spends about $1 billion with over 2,000 U.S. suppliers, will leverage its 60-year experience in managing complex supplier networks for U.S. Navy nuclear-powered submarine programs.
The AUSSQ pilot program, part of Australia's comprehensive AUKUS Submarine Industry Strategy, will use a B2B model enabling HII Australia to work directly with Australian businesses. The contract includes an extension option based on achievement and will be managed by HII's Australian operations in partnership with H&B Defence, a HII and Babcock joint venture.
HII (NYSE: HII) has achieved a significant milestone by installing the first additively manufactured valve manifold assembly on an aircraft carrier at Newport News Shipbuilding. The 5-foot-long, 1,000-pound assembly was installed in a pump room on the Gerald R. Ford-class aircraft carrier Enterprise (CVN 80).
The company collaborated with DM3D Technology to manufacture the manifold body using 3D printing technology. This innovation is expected to accelerate vessel construction and delivery to the U.S. Navy by reducing lead times and enhancing manufacturing quality. Similar manifolds planned for Doris Miller (CVN 81) will utilize additive manufacturing instead of traditional casting methods.
Newport News Shipbuilding has already installed over 55 additively manufactured parts on both new construction vessels and existing fleet ships. The division plans to install more than 200 additional parts this year, building on its certification as a supplier for additive manufacturing components on Naval Sea Systems (NAVSEA) platforms.
HII's Newport News Shipbuilding - Charleston Operations will host a media event at its Goose Creek, South Carolina facility on March 04, 2025. This appears to be a standard media visit announcement without disclosure of any business-relevant information.
HII (NYSE: HII) has secured a $70 million task order from the U.S. Air Force Life Cycle Management Center's Engineering Directorate. The five-year contract tasks HII's Mission Technologies division with protecting U.S. Air Force systems and software through vulnerability identification and mitigation.
The scope includes implementing government-mandated information security requirements prescribed by the Federal Information Security Modernization Act and other DoD directives. Work will be performed primarily at Hanscom Air Force Base in Bedford, Massachusetts.
The contract was awarded under the Department of Defense Information Analysis Center's multiple-award contract vehicle through the U.S. Air Force's 774th Enterprise Sourcing Squadron.
HII (NYSE: HII) has announced its participation in Citi's Global Industrial Tech and Mobility Conference scheduled for February 18, 2025. The event will feature a conversation with HII President and CEO Chris Kastner, beginning at 7:10 a.m. Eastern time. Interested parties can access the webcast through the company's investor relations website at ir.hii.com.
HII's Ingalls Shipbuilding has awarded $95,600 in STEM grants to 22 local schools and educational organizations. The grants, which provide up to $5,000 per project, will support various hands-on projects, classroom technology enhancements, and STEM-focused curriculums across the Gulf Coast region.
The program attracted over 90 applications this grant cycle. Projects include coding initiatives, robotics programs, 3D printing projects, and virtual reality implementations. The next application cycle will open in August 2025 for the 2025-2026 academic year.
This initiative is part of Ingalls Shipbuilding's broader community outreach and workforce development efforts, aiming to build a foundation for future engineers, shipbuilders, and industry leaders through partnerships with local schools, community colleges, and technical institutions.
HII (NYSE: HII) reported fourth quarter 2024 revenues of $3.0 billion, down from $3.2 billion in Q4 2023, with decreases across all segments. Full-year 2024 revenues reached $11.5 billion, showing less than 1% growth over 2023. The company's Q4 diluted EPS was $3.15, compared to $6.90 in Q4 2023, while full-year EPS decreased to $13.96 from $17.07 in 2023.
Segment operating margin declined to 3.4% in Q4 2024 from 10.4% in Q4 2023, primarily due to lower performance at Newport News Shipbuilding. The company secured new contract awards worth $12.1 billion in 2024, maintaining a robust backlog of $48.7 billion. Notable achievements included the delivery of Virginia-class submarine New Jersey and amphibious transport dock Richard M. McCool Jr., while Mission Technologies secured contracts valued at over $12 billion.
HII's Ingalls Shipbuilding has opened a new virtual reality (VR) welding lab at its Pascagoula shipyard, marking a significant advancement in shipbuilder training. The facility, developed in partnership with the U.S. Navy, Accelerate Mississippi, and Mississippi Gulf Coast Community College (MGCCC), integrates VR technology into the existing welder certification curriculum.
This initiative is part of broader workforce development efforts, funded through federal and state partnerships, aimed at enhancing shipbuilding skills training. The lab's establishment follows a significant multi-year contract awarded by the U.S. Navy in August 2023 for the construction of six Flight III Arleigh Burke-class destroyers, with options for additional vessels. The contract includes funding for workforce development initiatives like virtual learning labs.
