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 | Source: HII

NEWPORT NEWS, Va., Oct. 21, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.41 per share, a $0.03 increase over the $1.38 per share dividend paid in each of the prior four quarters. The $1.41 per share dividend will be payable on Dec. 11, 2026, to shareholders of record as of the close of business on Nov. 27, 2026.

About HII

HII is America's Seapower Company. The nation’s largest shipbuilder, HII builds the manned and unmanned maritime systems and all-domain mission technologies that project U.S. and allied power around the world. With a more than 140-year history of advancing U.S. national security, HII is headquartered in Virginia and employs 45,000 people across three divisions. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:

Brooke Hart (Media)
[email protected]
202-264-7108

Christie Thomas (Investors)
[email protected]
757-380-2104

Key Takeaways HII secured a $56 million AUKUS contract, potentially rising to $91 million.HII will support submarine design, technology integration and supply-chain development.HII's nuclear shipbuilding expertise could support long-term growth under AUKUS. Huntington Ingalls Industries (HII - Free Report) is positioned to benefit from growing cooperation among the United States, the United Kingdom and Australia to strengthen undersea defense capabilities. The AUKUS partnership is creating opportunities for submarine design, engineering, technology development and supply-chain cooperation among the three nations.

HII’s Newport News Shipbuilding division plays an important role in these efforts, drawing on its experience in designing and building nuclear-powered submarines. On Oct. 13, 2026, the company announced a $56 million U.S. Navy contract for shipbuilding engineering and design support for AUKUS. An option could increase the contract’s cumulative value to $91 million.

The work includes technology integration, engineering, supply-chain development, workforce support and digital transformation. HII engineers and designers will also contribute to the design of the SSN-AUKUS nuclear-powered submarine, which is planned for construction in the United Kingdom and Australia.

Beyond this contract, HII is supporting the development of an allied submarine industrial base. Its Mission Technologies division helps Australian suppliers qualify to participate in the U.S. submarine supply chain, creating opportunities for broader industrial cooperation.

The AUKUS partnership could provide long-term work across submarine design, production support and supplier development. HII’s nuclear shipbuilding expertise and involvement across multiple parts of the initiative position it to benefit as the participating countries advance their submarine capabilities. Execution, workforce availability and supply-chain readiness will remain key to translating these opportunities into sustained growth.

Defense Stocks to Keep on the RadarGrowing investment in nuclear-powered submarines and allied naval capabilities could also benefit other defense contractors.

General Dynamics (GD - Free Report) : General Dynamics’ Electric Boat business builds Virginia-class and Columbia-class submarines for the U.S. Navy, supporting demand for nuclear submarine construction and related engineering.

BAE Systems (BAESY - Free Report) : BAE Systems is a major supplier to the U.K. defense sector and is developing advanced submarine capabilities, positioning it to participate in the United Kingdom’s broader naval modernization efforts.

The Zacks Rundown for HIIShares of HII have lost 4.5% in the past year compared with the industry’s 17.9% decline.

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The company's shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 0.75X compared with its industry’s average of 2.11X.

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The Zacks Consensus Estimate for HII’s 2026 and 2027 earnings has moved north over the past 60 days.

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HII stock currently carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Defense budgets are surging toward record levels, yet three of America's biggest contractors enter October trading nowhere near their peaks. One of them just posted the largest earnings beat of the group, and the market still walked away unimpressed.

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Defense budgets are expanding, yet three of the largest U.S. defense contractors enter October well below their 52-week highs. The FY 2027 investment request by the Department of War totals $756.8 billion, including $52.9 billion for Critical Munitions and $87.2 billion for Sea Power investments. Share prices have moved in the opposite direction, and that gap creates a research opportunity.

These three companies beat second-quarter earnings estimates and raised full-year guidance. We ranked them on beat magnitude, revenue growth, guidance raises, backlog, free cash flow momentum, and whether each pullback reflects a fixable problem or a structural one. Each trades below its 52-week high as of September 30.

#3: L3Harris Technologies Waits on a Delayed Missile IPO L3Harris Technologies (NYSE:LHX | LHX Price Prediction) traded around $236.79 on Oct. 1, against a 52-week high of $374.59, down 22.23% year to date (YTD). It operates as both a prime and a supplier, building space sensors, radios, and electronic warfare systems while acting as the only company currently producing PAC-3 solid rocket motors at scale.

Operations look healthy. EPS of $3.13 beat the $2.83 estimate for a fifth consecutive beat. Revenue rose 8.4% and free cash flow increased 39.7% to $771 million. A seven-year THAAD and PAC-3 framework represents approximately $12 billion of future production revenue.

The pullback has specific causes: Management pushed the missile IPO to mid-2027, saying “Market conditions have evolved and do not reflect the tremendous value we are building.” Multiple law firms announced investor investigations in September. At 24x trailing earnings, L3Harris carries the highest multiple of the group, while missile revenue accelerates across the 2027, 2028 and 2029 timeline. The weakness looks temporary, but the return window is long.

#2: Northrop Grumman Pairs Record Backlog With Isolated Charges Northrop Grumman (NYSE:NOC) traded around $484.13 on Oct. 1, far below its $767.12 high and near its $476.85 low. Shares fell 5% over the past week. This prime carries clear program concentration in the B-21 bomber and Sentinel ICBM.

EPS of $7.68 beat the $6.82 estimate, and backlog hit a record $104.69 billion on $20 billion of net awards, including $7.6 billion for Sentinel. Free cash flow rose 53.5%, and adjusted EPS guidance moved to $28.60 to $29.10.

The misses matter: Operating income fell 23.1% on unfavorable adjustments of $68 million on the Stand-in Attack Weapon and $91 million on GEM 63XL. A tax rate of 6.3%, down from 17.7%, flattered the bottom line. Management granted “we are not done with the qualification. Until we are, there is risk.” Those problems sit outside B-21 and Sentinel, which supports a temporary read. At 16x trailing earnings, the Air Force decision on a larger B-21 program, expected by year end, is the next catalyst.

#1: Huntington Ingalls Industries Posts the Biggest Beat at the Lowest Multiple Huntington Ingalls Industries (NYSE:HII) traded around $270.18 on Oct. 1 versus a $455.9 high, the steepest YTD decline of the group at 22.75%. As the nation’s largest military shipbuilder, building carriers, submarines, destroyers and amphibious ships, it carries the greatest concentration risk: The Navy is effectively its customer base.

EPS of $5.27 beat the $3.82 estimate by 38.02%. Revenue grew 10.9%, operating margin expanded 86 bps, and shipbuilding guidance rose to $10.2 billion to $10.4 billion from $9.7 billion to $9.9 billion. Backlog stands at $57.3 billion.

Weak spots remain: Free cash flow was negative $150 million on seasonality, Mission Technologies slipped 3.9%, and Ingalls started slowly on labor. Those are execution issues with visible fixes: HII hired over 3,500 shipbuilders and improved throughput 12% YTD. At 15x trailing earnings, analysts target $367.25.

Why Huntington Ingalls Leads This October Defense Watchlist We set out to separate real problems from temporary ones, and the ranking follows that test. Huntington Ingalls combines the largest beat, the fastest growth, and the lowest multiple, with risks tied to labor that management is actively fixing. If Ingalls throughput stalls, guidance comes under pressure, making the 15% full-year throughput goal worth monitoring. Northrop ranks second because its charges sit in smaller programs, though the B-21 decision carries weight. L3Harris ranks third because its missile value comes later and costs more today. We see Huntington Ingalls offering the best fundamental case of these three pullbacks heading into the fourth quarter.

Contact [email protected] for any questions or corrections.

MCLEAN, Va., Sept. 29, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII), America’s largest military shipbuilder and the global leader in autonomous seapower, was awarded a contract by the U.S. Navy to build 10 ROMULUS unmanned surface vessels (USVs) for the Medium Unmanned Surface Vessel (MUSV) program. The award marks a major advancement in the U.S. Navy’s transition from experimentation to fleet-scale deployment of trusted, operational autonomy across the maritime domain.

“HII has made deliberate, early investments in the development of autonomous systems, advancing capabilities essential to the Navy’s hedge strategy,” said Chris Kastner, HII president and CEO. “We remain firmly committed to supporting the U.S. Navy’s vision and accelerating this critical capability from production to operational deployment.”

The U.S. Navy’s selection underscores HII’s shipbuilding expertise and leadership in proven autonomous unmanned surface and underwater maritime systems to deliver reliable production at the speed and scale required for emerging unmanned fleet production and operations.

Photos accompanying this release are available at: https://www.hii.com/news/hii-wins-us-navy-contract-for-10-romulus-usvs-accelerating-deployment-of-proven-autonomous-capability.

At the core of ROMULUS is HII’s Odyssey Autonomous Control Solutions (ACS), a combat-tested autonomy suite that enables trusted, coordinated operations across surface and undersea domains. HII has delivered more than 750 REMUS unmanned underwater vehicles (UUVs) to customers in more than 30 countries. Together, ROMULUS, REMUS and Odyssey ACS provide a scalable foundation for autonomous maritime operations supporting the U.S. Navy and allied fleets.

In 2025, HII committed to securing the partners, production capacity, supplier network and infrastructure needed to move quickly from design and development to construction of ROMULUS USVs. That investment reflected HII’s continued support of the U.S. Navy’s unmanned maritime priorities and advancing the unmanned surface program with mature technology and a production-ready approach. By beginning work in 2025, HII positioned the ROMULUS program for accelerated delivery, reduced production risk and to provide the U.S. Navy with a scalable path to fielding autonomous unmanned surface capabilities at the pace the nation demands.

“Unmanned vessels ultimately must be built, integrated, tested and sustained as part of a fleet,” said Andy Green, president of HII’s Mission Technologies division. “As the nation’s largest shipbuilder, HII understands that challenge from both sides. By pairing our advanced cutting-edge technologies with our shipbuilding expertise, and leveraging experienced regional partners and suppliers, we are creating a production ecosystem capable of delivering reliable autonomous platforms at the pace and scale the U.S. Navy requires.”

Odyssey ACS: The Autonomy Behind ROMULUS

A key differentiator of ROMULUS is HII’s Odyssey ACS, a modular, open-architecture autonomy suite developed from decades of experience designing, building, operating and sustaining unmanned maritime systems.

Odyssey is designed to deliver consistent, predictable autonomous behavior, a requirement for the U.S. Navy’s transition from experimentation to operational deployment. It provides decision-making architecture that enables unmanned systems to perceive their surroundings, navigate, manage onboard systems and payloads, coordinate with other manned and unmanned platforms, and execute complex missions with limited human intervention.

Odyssey’s modular, open-architecture lets the U.S. Navy and allied partners rapidly integrate emerging sensors, command-and-control (C2) technologies and AI algorithms, ensuring ROMULUS remains upgrade-ready for evolving threat environments.

HII, with its partners Applied Intuition, Greenroom Robotics and Rodi Marine, successfully completed the evaluation phase of the MUSV program. HII’s Odyssey ACS vessel capabilities were validated through a series of operationally representative test events, demonstrating performance, reliability and mission readiness. The U.S. Navy-monitored testing took place in the Gulf of America over a 13-day period and evaluated the system under demanding, real-world operating conditions.

The most rigorous event was a long-endurance mission simulation. HII’s autonomy system successfully completed the full 420-nautical-mile mission over 28 hours, meeting all established success criteria and demonstrating the endurance and autonomous performance required for sustained maritime operations.

Designed and Built by Shipbuilders for Scale

For ROMULUS, HII is combining that expertise with a distributed production model that leverages regional shipbuilders and manufacturing partners. This approach expands available production capacity, strengthens the U.S. maritime industrial base and enables vessels to be produced efficiently and repeatedly as U.S. Navy demand grows.

HII is working with Gulf Coast build partners including Breaux Brothers Enterprises, Halimar Shipyard and Bayou Metal Supply & Manufacturing in Louisiana to support ROMULUS production, and developed in partnership with Beier Integrated Systems and Incat Crowther.

HII also recently announced a new10,000-square-foot expansion to increase the capacity of HII’s existing 40,000-square-foot unmanned manufacturing production campus capacity to build, develop and integrate advanced unmanned and autonomous maritime systems for both the REMUS family of UUVs and ROMULUS USVs.

The model allows major components and assemblies to be produced efficiently before final vessel integration, increasing throughput and creating a repeatable production architecture that can scale across the ROMULUS USV family.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 45,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Contact:
Greg McCarthy
(202) 264-7126
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8ad2654-8701-4404-beb0-d34b186ce8a4

POCASSET, Mass., Sept. 22, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII), a global leader in autonomous and unmanned maritime systems, celebrated the expansion of its unmanned systems production campus in Pocasset, Massachusetts, underscoring growing global demand for autonomous maritime platforms and the company’s continued investment in advanced unmanned maritime technology, New England’s skilled workforce and the region’s Blue Economy.

The 10,000-square-foot expansion increases the capacity of HII’s existing 40,000-square-foot manufacturing facility capacity to build, develop and integrate advanced unmanned and autonomous maritime systems, including the REMUS family of unmanned underwater vehicles (UUVs) and ROMULUS unmanned surface vessels (USVs).

The expanded facility adds production capacity for the U.S. Navy’s Lionfish small unmanned undersea vehicle (SUUV), which is based on HII’s commercial REMUS 300 platform and is currently in production. In July, the Navy awarded HII an option-year contract for continued Lionfish production. The facility will also support production of HII’s REMUS 620 UUV.

Photos accompanying this release are available at: https://www.hii.com/news/hii-expands-unmanned-production-facility-by-25-to-meet-growing-global-maritime-demand/.

The expansion also advances the integration of HII’s Odyssey Autonomous Control Solutions (ACS) software, which supports advanced maritime autonomous and unmanned operations. These capabilities include simulation and modeling designed to support increasingly complex missions across multiple domains and vehicle types as well as autonomy hardware to be installed on ROMULS USVs.

HII celebrated the expansion with a ribbon-cutting ceremony attended by U.S. Rep. Bill Keating, MA-09, highlighting the company’s growing presence on Cape Cod and the region’s role in maritime technology and advanced manufacturing.

“Today’s expansion reflects HII’s continued investment in the people, technology and partnerships that have made us a leader in unmanned maritime capabilities and placed New England at the center for maritime innovation,” said Duane Fotheringham, president of the Unmanned Systems group in HII’s Mission Technologies division. “By bringing together advanced unmanned platforms, autonomy, integration, simulation and modeling capabilities, we are expanding our ability to deliver the maritime systems our customers need while continuing to create high-quality jobs here in Massachusetts.”

Keating has been a longtime supporter of HII’s operations in Massachusetts and served as a keynote speaker at the 2014 grand opening of HII’s unmanned production facility.

“HII’s continued growth on Cape Cod demonstrates how investments in advanced maritime technology can strengthen our national security while supporting good jobs and economic opportunity here in Massachusetts,” Keating said. “I was proud to join HII for the opening of the Pocasset manufacturing facility, and it is exciting to see how the company’s capabilities and workforce have continued to grow. The technologies being developed here strengthen the Blue Economy, support our maritime communities and help ensure the United States remains at the forefront of ocean innovation.”

HII currently employs approximately 300 people in Pocasset and has added 50 employees year to date in 2026, continuing a pattern of workforce growth in recent years. The expansion reflects the company’s ongoing commitment to Cape Cod and New England as a center for maritime technology development, advanced manufacturing and highly skilled employment.

HII’s unmanned systems heritage on Cape Cod is closely connected to its longstanding technology development partnership with Woods Hole Oceanographic Institution (WHOI). The collaboration has helped advance autonomous underwater technology and reflects the region’s concentration of scientific research, engineering and maritime expertise.

The technologies developed and produced in Pocasset support a broad range of missions. Beyond defense and national security applications, HII’s unmanned and autonomous systems support ocean exploration, academic and scientific research, environmental monitoring and commercial maritime operations.

REMUS UUVs provide autonomous undersea capabilities for missions ranging from oceanographic research and environmental monitoring to defense operations. HII’s ROMULUS USV family extends autonomous capabilities to the surface domain, while Odyssey autonomy provides a foundation for increasingly integrated autonomous operations. Together with HII’s advanced simulation and modeling capabilities, these technologies are designed to help customers plan, test and execute complex maritime autonomous and unmanned missions.

The REMUS family of UUVs, which celebrated its 25th anniversary in 2026, has been field-proven in naval and maritime operations around the world. HII has delivered more than 750 REMUS vehicles to customers in more than 30 countries, including 14 NATO members. More than 90% of REMUS systems delivered over the past 25 years remain in active service today.

The expanded Pocasset facility reinforces HII’s commitment to developing advanced maritime capabilities in Massachusetts while investing in the workforce and communities that support them.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 45,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:

Greg McCarthy
(202) 264-7126
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33bde021-8676-4557-a280-0910a6d53937

MCLEAN, Va., Sept. 15, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Mission Technologies division announced today that it was awarded a task order to research improved airdrop and combat feeding techniques to support U.S. Army soldier sustainment.

Under the five-year task order, HII will advance new cargo and personnel airdrop technologies for precision-guided and conventional aerial delivery systems across manned and unmanned aircraft. The effort encompasses improving equipment reliability, safety and interoperability between systems while advancing sensing technologies, autonomous capabilities and cybersecurity protections to mitigate environmental and operational threats.

“Our troops’ safety and mission success depend on their ability to stay supplied and mobile even in the most difficult and austere environments,” said Todd Gentry, president of Mission Technologies’ All-Domain Operations group. “Driven by innovation, our team is uniting cutting-edge research, engineering, and an operator’s mindset to tackle these critical challenges, ensuring our forces are always ready wherever duty calls.”

The task order was awarded under the Information Analysis Center Multiple Award Contract, administered by the Defense Technical Information Center for the U.S. Army Combat Capabilities Development Command Soldier Center. HII has extensive expertise in soldier sustainment technologies, with nearly 60 active task orders on the IAC MAC program.

An image accompanying this release is available at: http://hii.com/news/hii-to-advance-airdrop-technologies-for-us-army-soldier-sustainment/.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 45,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHII About the DoWIAC Program

The DoWIAC, sponsored by the Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoW science & technology (S&T) and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community.

PREFERRED USE OF DoWIAC CONTRACTS

The Preferred Use of DoWIAC Contract Memorandum was signed by Dr. Aprille J. Ericsson, Assistant Secretary of Defense for Science and Technology (S&T) on 19 December 2024. In it, Dr. Ericsson recognizes the DoWIAC program as a model for rapid acquisition of advanced Research and Development services and encourages Requiring Officers and Contracting Officers to use the IACs as best value vehicles to acquire R&D and research and analysis services.

APPROVED FOR PUBLIC RELEASE PR2026-3713

Contact:
Greg McCarthy
(202) 264-7126
[email protected]  

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0440df20-432b-49d6-9ce5-cf141045f522

NEWPORT NEWS, Va., Sept. 11, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that it has been awarded a contract from the U.S. Navy to start procurement of long-lead time materials (LLTM) for the construction of planned aircraft carrier CVN 82 at its Newport News Shipbuilding division.

The $336 million undefinitized contract award will initiate advanced procurement of propulsion plant materials critical to the future construction of CVN 82.

“Ordering the materials necessary to build the world’s mightiest aircraft carriers is a critical first step as we begin planning for CVN 82,” said Bryan Caccavale, NNS vice president of program management. “This contract sends an important demand signal to the thousands of suppliers across the nation who make up the aircraft carrier industrial base.”

CVN 82 will continue the legacy of highly capable nuclear-powered U.S. aircraft carriers.

A photo accompanying this release is available at: http://hii.com/news/hii-is-awarded-long-lead-time-materials-contract-for-cvn-82/.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 45,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:

Todd Corillo
[email protected]
(757) 688-3220

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/995ce200-f9d6-440a-be87-da8cc1e255c9

Key Takeaways HII is positioned to benefit as the U.S. Navy expands and modernizes its nuclear-powered submarine fleet.HII and GD secured $76.6B in modifications for 14 Columbia and Virginia-class submarines.Newport News Shipbuilding is investing in infrastructure and production capacity to support higher volumes. Huntington Ingalls Industries, Inc. (HII - Free Report) is strengthening its position in the U.S. submarine market through its Newport News Shipbuilding (NNS) division, which plays a major role in constructing the Navy’s nuclear-powered submarines. As the U.S. Navy focuses on expanding and modernizing its submarine fleet, HII is well-positioned to benefit from sustained demand for advanced undersea platforms.

In July 2026, HII and General Dynamics Corporation’s (GD - Free Report) Electric Boat division received contract modifications totaling approximately $76.6 billion to support the construction of five additional Columbia-class and nine additional Virginia-class submarines, along with investments in shipyard infrastructure. Under the Virginia-class program, NNS will serve as the delivery yard for six submarines, while for the Columbia-class program, it will construct and deliver six major module sections per submarine.

HII’s experience in submarine construction provides an important competitive advantage. Newport News Shipbuilding has extensive experience supporting both the Virginia and Columbia-class programs and is one of the two U.S. shipyards capable of building nuclear-powered submarines. This expertise allows the company to participate in some of the Navy’s largest and most strategically important shipbuilding programs.

The company is also investing in its shipbuilding infrastructure and production capabilities to support higher construction volumes. These efforts should help HII meet growing demand while strengthening its role in the U.S. naval shipbuilding industrial base.

With long-term submarine programs, significant construction responsibilities and rising demand for advanced undersea capabilities, HII is well-positioned to benefit from continued investment in the U.S. Navy’s submarine fleet.

Submarine Stocks to Keep on the RadarOther aerospace and defense companies strengthening their presence in the submarine market are discussed below:

General Dynamics: Through its Electric Boat division, General Dynamics is a major builder of the U.S. Navy’s Virginia-class attack submarines and Columbia-class ballistic missile submarines. Electric Boat also plays a key role in the design, construction and maintenance of nuclear-powered submarines.

BAE Systems (BAESY - Free Report) : The company is a leading participant in the United Kingdom’s submarine programs and is the prime contractor for the Royal Navy’s Astute-class nuclear-powered attack submarines. It also contributes to the next-generation Dreadnought-class ballistic missile submarine program.

The Zacks Rundown for HIIShares of HII have surged 18.9% in the past year compared with the industry’s 6.5% growth.

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The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 0.90X compared with its industry’s average of 2.68X.

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The Zacks Consensus Estimate for HII’s 2026 and 2027 earnings has moved north over the past 60 days.

Image Source: Zacks Investment Research

HII stock currently carries a Zacks Rank #3 (Hold).

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

ARLINGTON, Va., Aug. 06, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today long-term performance-based production agreements with High-Yield Production Robotics (HYPR) team members GrayMatter Robotics and Path Robotics. The signed agreements are designed to accelerate the development and deployment of advanced physical AI automation across U.S. Navy shipbuilding programs, including aircraft carriers, submarines, destroyers, amphibious ships, future frigates and unmanned surface vessels.

“We are committed to making generational investments to develop new shipbuilding capability and to expand capacity,” said Eric Chewning, executive vice president of maritime systems and corporate strategy at HII. “Together, we are defining a new approach to robotics in shipbuilding: automation that can adapt to extreme levels of complexity, mix, and size. This collaboration represents a strategic investment in the future of American shipbuilding — strengthening industrial base resilience, expanding distributed shipbuilding capacity, feeding critical materials to our shipyards and workforce, and unlocking new production efficiencies essential to delivering the Navy’s growing fleet.”

Under the agreements, HII intends to award up to $900 million in total shipbuilding work to Path Robotics and GrayMatter Robotics across seven years, contingent on the two companies meeting clearly defined technology and manufacturing readiness, and performance milestones outlined in the agreements. This sustained demand signal enables Path Robotics and GrayMatter Robotics to make significant long-term investments in robotics, autonomous systems, facilities and workforce required to deliver Navy-grade production at scale.

“For years, we've believed physical AI could fundamentally change manufacturing,” said Andy Lonsberry, CEO and co-founder of Path Robotics. “HYPR is a powerful validation of our vision — that physical AI can scale shipbuilding capacity in one of the world's most demanding production environments. Together with HII, we're proud to be building the shipyard of the future, unlocking distributed shipbuilding, and establishing a blueprint for strengthening America's maritime industrial base.”

"This agreement represents an important milestone in bringing Factory SuperIntelligence to America's leading shipbuilding company,” said Ariyan Kabir, CEO and co-founder of GrayMatter Robotics. “By combining Physical AI with autonomous production systems, we're helping create manufacturing that learns, adapts, and improves over time, making complex shipbuilding faster, more resilient, and more scalable.

Photos and related content can be found at: http://hii.com/news/hii-signs-performance-based-production-agreements-with-path-robotics-and-graymatter-robotics/.

Together with HII and Path Robotics, we're laying the foundation for the next generation of American industrial capability and helping ensure that the United States can build critical assets at the speed and scale our national security demands."

The performance-based production agreements are part of a broader set of strategic agreements that form the HYPR Program, including collaboration and joint development frameworks that establish governance, program execution, and long-term operational alignment among the companies. The companies expect the collaborative effort to push the boundaries of automation never seen before in shipbuilding.

The agreements are structured in two stages: a Navy-grade development stage and a delivery stage. In the development stage, both companies will partner with HII to develop, validate and qualify high-precision production techniques for autonomous welding, grinding, blasting, painting, assembly, inspection and other fabrication processes, then integrate them into an autonomous production line. The agreements establish a rigorous testing, qualification and oversight process to ensure that every technology meets the stringent standards of U.S. Navy shipbuilding. In the delivery stage, HII will begin sourcing shipbuilding work from both companies through the new line, contingent upon favorable cost, schedule and quality performance. The delivery stage is designed to augment HII’s current distributed shipbuilding strategy, starting with small steel structures and growing to include units and modules.

In 2026, HII plans to outsource more than 2.5 million hours of shipbuilding work, a 30% increase from 2025, while expanding its structural assembly network of assembly partner companies, enabling more work to be completed outside the shipyards before final assembly.

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About Path Robotics

Path Robotics builds physical AI for manufacturing, starting with its welding model, Obsidian™. Path Robotics’ intelligent welding cells perform the complex, variable welds that traditional automation cannot, enabling manufacturers to overcome chronic labor shortages while increasing production capacity, and improving quality. With the launch of Rove™, a mobile robotic welding system that pairs Obsidian with a quadruped robot, Path Robotics brings that same intelligent, adaptive welding capability into the field directly to the part, wherever it is. Since its founding in 2018, the company has raised more than $370 million to incorporate intelligence through physical AI into legacy manufacturing processes, turning traditionally impossible-to-automate work into reliable, high-throughput, and high-quality production. By combining artificial intelligence, machine learning and computer vision, Path Robotics’ physical AI enables legacy manufacturing processes to see, think, and adapt, in real time, turning the complexity that made automating these traditional processes impossible into a reality.

About GrayMatter Robotics

Headquartered in Carson, California, GrayMatter Robotics is building Factory SuperIntelligence that powers the autonomous factories of the future. Founded in 2020, the company develops Physical AI technologies and deploys autonomous factories that handle complex, high-mix tool-manipulation applications such as surface preparation, coating, and inspection processes across some of the most demanding production environments in the world — delivering up to 12x the throughput of skilled manual labor and a 95% reduction in rework. Its air-gapped, edge-deployed architecture ensures full data sovereignty for defense and enterprise-critical operations. To date, GrayMatter Robotics has processed over 30 million square feet of surface area across 20+ industries, serving customers in aerospace, defense, shipbuilding, specialty vehicles, and consumer products. The company is on a mission to reindustrialize American manufacturing and bolster our National Security, bridge the gap between demand and capacity of our industrial base, and ensure the industrial resilience the nation depends on. For more information, visit: https://factory.graymatter-robotics.com/

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 45,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Contact:

Danny Hernandez
(202) 264-7143
[email protected]

Caroline Legg
[email protected]  
(203) 313-4228

Christina Ko
[email protected]
(310) 431-9258

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/e5e689c7-3038-4145-aa50-770c7f72d523

https://www.globenewswire.com/NewsRoom/AttachmentNg/a0180cee-1434-432b-bd85-8e32d04afe20

https://www.globenewswire.com/NewsRoom/AttachmentNg/8bb539fa-4ce1-4503-bc05-bb87c55ec981

Posted by Defense World Staff on Aug 1st, 2026

Axiom Investment Management LLC purchased a new position in Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,890 shares of the aerospace company’s stock, valued at approximately $1,478,000. Huntington Ingalls Industries accounts for 1.1% of Axiom Investment Management LLC’s investment portfolio, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of HII. Northwestern Mutual Wealth Management Co. boosted its position in shares of Huntington Ingalls Industries by 38,526.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after acquiring an additional 1,981,424 shares in the last quarter. AQR Capital Management LLC raised its position in Huntington Ingalls Industries by 85.0% during the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after purchasing an additional 498,690 shares in the last quarter. Van ECK Associates Corp lifted its stake in Huntington Ingalls Industries by 32.1% during the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock worth $560,004,000 after purchasing an additional 400,428 shares during the last quarter. Marshall Wace LLP lifted its stake in Huntington Ingalls Industries by 588.1% during the fourth quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock worth $119,663,000 after purchasing an additional 300,740 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Huntington Ingalls Industries by 390.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 285,339 shares of the aerospace company’s stock valued at $97,036,000 after purchasing an additional 227,126 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes A number of research firms have issued reports on HII. Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price on the stock in a research report on Friday. Citigroup raised their price target on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a research note on Friday. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, TD Cowen cut their target price on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $376.22.

Get Our Latest Research Report on HII

Insider Activity at Huntington Ingalls Industries In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.80% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Stock Up 2.3% Shares of NYSE HII opened at $327.24 on Friday. The company has a market capitalization of $12.89 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 1.37 and a beta of 0.25. Huntington Ingalls Industries, Inc. has a 52-week low of $259.00 and a 52-week high of $460.00. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.23. The company’s 50 day moving average price is $290.91 and its 200-day moving average price is $359.13.

Huntington Ingalls Industries (NYSE:HII – Get Free Report) last announced its earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, beating the consensus estimate of $3.79 by $1.48. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.86 EPS. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 32.90%.

Key Headlines Impacting Huntington Ingalls Industries Here are the key news stories impacting Huntington Ingalls Industries this week:

Positive Sentiment: Q2 results significantly exceeded expectations. HII reported adjusted earnings of $5.27 per share versus the $3.79 consensus estimate, while revenue rose 10.9% year over year to $3.42 billion, above expectations of $3.15 billion. Huntington Ingalls Industries Q2 earnings report Positive Sentiment: Shipbuilding demand and backlog strengthened the outlook. Higher ship volumes supported quarterly growth, while new awards lifted backlog to approximately $57.3 billion. Management also forecast fiscal 2026 revenue of $13.2 billion to $13.6 billion, above the roughly $13.0 billion analyst consensus. HII Q2 earnings surpass estimates Positive Sentiment: A major submarine-contract opportunity adds long-term visibility. Newport News Shipbuilding, HII’s division, is expected to play a large role in $76.6 billion of U.S. Navy submarine contracts, reinforcing the company’s strategic importance and future workload. Huntington Ingalls awarded Navy submarine contracts Positive Sentiment: Analysts became more constructive. Citigroup raised its price target from $349 to $379 and assigned a “buy” rating, while Wolfe Research upgraded HII to “outperform” with a $364 target. These targets imply additional upside based on the referenced share price. Neutral Sentiment: HII declared a quarterly dividend of $1.38 per share, payable September 11 to shareholders of record August 28. The dividend supports shareholder returns but is unlikely to be the primary driver of the current move. Negative Sentiment: Some commentary cautioned that operational improvements may not translate into rapid growth, highlighting execution and capacity constraints as risks despite the stronger backlog and contract pipeline. Huntington Ingalls operations and growth analysis About Huntington Ingalls Industries (Free Report)

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.

Featured Stories Five stocks we like better than Huntington Ingalls Industries Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case Apple’s Record Quarter Could Not Outrun Its Guidance Problem McKesson’s Compounding Keeps Adding Up Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report).

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Huntington Ingalls (HII - Free Report) came out with quarterly earnings of $5.27 per share, beating the Zacks Consensus Estimate of $3.8 per share. This compares to earnings of $3.86 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +38.68%. A quarter ago, it was expected that this shipbuilder would post earnings of $3.7 per share when it actually produced earnings of $3.79, delivering a surprise of +2.43%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Huntington Ingalls, which belongs to the Zacks Aerospace - Defense industry, posted revenues of $3.42 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 8.74%. This compares to year-ago revenues of $3.08 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Huntington Ingalls shares have lost about 17.6% since the beginning of the year versus the S&P 500's gain of 6.9%.

What's Next for Huntington Ingalls?While Huntington Ingalls has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Huntington Ingalls was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $4.53 on $3.28 billion in revenues for the coming quarter and $17.31 on $12.97 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Draganfly Inc. (DPRO - Free Report) , has yet to report results for the quarter ended June 2026.

This company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of +75%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Draganfly Inc.'s revenues are expected to be $3.28 million, up 114.1% from the year-ago quarter.

Key Takeaways HII is expected to post Q2 sales of $3.14 billion, up 2% year over year.Shipbuilding volumes likely lifted Ingalls and Newport News revenues in the quarter.Mission Technologies sales likely grew, but higher G&A expenses may have hurt earnings. Huntington Ingalls Industries, Inc. (HII - Free Report) is scheduled to release second-quarter 2026 earnings on July 30, 2026, before market open. The company delivered an earnings surprise of 2.43% in the last reported quarter.

Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.

Factors Likely to Affect HII’s Q2 ResultsHigher sales volume from surface combatants is likely to have boosted the Ingalls segment’s top line in the second quarter.

Higher sales volumes from submarine and aircraft carrier programs are likely to have boosted the Newport News segment’s revenue performance.

Higher sales volumes from All-Domain Operations, Global Security and Unmanned Systems are likely to have bolstered the company’s Mission Technologies segment’s revenues in the second quarter of 2026.

However, higher general and administrative expenses are likely to have hurt the company’s earnings.

Q2 Estimates for HII StockThe Zacks Consensus Estimate for HII’s second-quarter sales is pegged at $3.14 billion, which indicates an increase of 2% from the prior-year number.

The consensus estimate for HII’s earnings is pegged at $3.80 per share, which indicates a year-over-year decline of 1.6%.

What the Zacks Model Unveils for HIIOur proven model does not conclusively predict an earnings beat for HII this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as you will see below.

Earnings ESP: Huntington Ingalls has an Earnings ESP of +0.53%. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Zacks Rank: HII currently carries a Zacks Rank of 4. You can see the complete list of today’s Zacks #1 Rank stocks here.

Stocks to ConsiderInvestors may consider the following players from the same sector, as these have the right combination of elements to post an earnings beat this reporting cycle.

CurtissWright (CW - Free Report) is slated to report its second-quarter 2026 results on Aug. 5, after market close. It has an Earnings ESP of +0.36% and a Zacks Rank of 3 at present.

CW’s long-term (three to five years) earnings growth rate is 14.3%. The Zacks Consensus Estimate for earnings is pegged at $3.62 per share, which suggests a year-over-year rise of 12.1%.

Axon Enterprise (AXON - Free Report) is scheduled to report its second-quarter 2026 results on Aug. 5, after market close. It has an Earnings ESP of +4.76% and a Zacks Rank of 3 at present.

AXON’s long-term earnings growth rate is 30.1%. The Zacks Consensus Estimate for revenues stands at $868.4 million, which implies a year-over-year increase of 29.9%.

ATI INC (ATI - Free Report) is slated to report its second-quarter 2026 results on Aug. 6, before market open. It has an Earnings ESP of +1.32% and a Zacks Rank of 2 at present.

ATI’s long-term earnings growth rate is 28%. The Zacks Consensus Estimate for earnings is pegged at $1.03 per share, which suggests a year-over-year rise of 39.2%.

Posted by Defense World Staff on Jul 29th, 2026

Huntington Ingalls Industries (NYSE:HII – Get Free Report) will likely be releasing its Q2 2026 results before the market opens on Thursday, July 30th. Analysts expect the company to post earnings of $3.80 per share and revenue of $3.1486 billion for the quarter. Investors can find conference call details on the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Thursday, July 30, 2026 at 9:00 AM ET.

Huntington Ingalls Industries (NYSE:HII – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.79 EPS. On average, analysts expect Huntington Ingalls Industries to post $17 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Huntington Ingalls Industries Price Performance HII stock opened at $299.88 on Wednesday. The company has a market capitalization of $11.82 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 1.23 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. Huntington Ingalls Industries has a 52-week low of $256.45 and a 52-week high of $460.00. The business has a 50-day simple moving average of $291.57 and a two-hundred day simple moving average of $360.52.

Analysts Set New Price Targets Several analysts have recently commented on HII shares. Weiss Ratings downgraded Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Citigroup lowered their price target on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Wells Fargo & Company initiated coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective on the stock. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, TD Cowen lowered their target price on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price of $374.00.

Get Our Latest Report on HII

Insiders Place Their Bets In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Huntington Ingalls Industries Several large investors have recently modified their holdings of HII. CYBER HORNET ETFs LLC purchased a new position in Huntington Ingalls Industries in the 2nd quarter valued at approximately $25,000. Rakuten Securities Inc. boosted its holdings in shares of Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 63 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 363.3% in the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 109 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 59 shares in the last quarter. Finally, Quarry LP grew its position in shares of Huntington Ingalls Industries by 364.3% in the fourth quarter. Quarry LP now owns 130 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About Huntington Ingalls Industries (Get Free Report)

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.

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GOOSE CREEK, S.C., July 27, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted Australian Minister for Defence Industry Pat Conroy today at the company’s Newport News Shipbuilding Charleston Operations site in South Carolina.

The visit was held in support of the trilateral Australia, United Kingdom and United States (AUKUS) partnership. HII continues its commitment to supporting AUKUS and the optimal pathway for Australia’s acquisition of a conventionally armed, nuclear-powered, submarine capability and a broader partnership on advanced capabilities.

The visit included a tour of the production facility and discussions with company leaders about HII’s distributed shipbuilding initiative to increase shipbuilding throughput and meet the increased demand for ships. Under HII’s ownership, the site has increased production by more than 50% as it continues to ramp up in support of U.S. Navy programs.

“It was a pleasure to tour this facility and see firsthand the capability established here, and the impact it is already having on the U.S. submarine industrial base,” Conroy said.

Photos accompanying this release are available at: http://hii.com/news/hii-hosts-australian-minister-for-defence-industry-at-newport-news-shipbuilding-charleston-operations/.

“I look forward to seeing Australian-made parts coming through this, and other U.S. facilities, demonstrating the strength of the AUKUS partnership and our shared commitment to industrial uplift.”

NNS Charleston Operations is located on 45 acres along the Cooper River with more than 480,000 square feet of covered manufacturing space. It is strategically located within South Carolina’s rapidly growing maritime ecosystem, having both barge and rail access, capacity to expand, and growing access to the highly skilled maritime trades workforce.

“We are honored Minister Conroy chose to invest time with us at HII during his trip to the United States,” said Matt Needy, NNS vice president of Charleston Operations. “We value the opportunity to share best practices from our expanded operations, here in South Carolina, to help accelerate AUKUS momentum.”

HII is actively supporting a range of initiatives to advance the AUKUS trilateral security partnership. HII was awarded the contract to deliver the Australian Submarine Supplier Qualification (AUSSQ) Program, which accelerates the identification, development and qualification of Australian suppliers for integration into the United States submarine industrial base.

HII is also working with Australian industry and academia to develop the skilled workforce needed to support Australia’s nuclear-powered submarine enterprise. This includes educating and training thousands of engineers, maritime specialists, nuclear tradespeople and other professionals to support the enterprise across its full lifecycle.

A cornerstone initiative under AUKUS Pillar I, AUSSQ is strengthening Australia’s sovereign nuclear-powered submarine capability by qualifying Australian small and medium-sized enterprises to participate in the U.S. and U.K. nuclear submarine supply chains. The program spans seven critical work packages supporting the construction and sustainment of Virginia-class submarines and the future SSN-AUKUS platform.

To date, AUSSQ has qualified 13 Australian suppliers, providing them with a pathway into U.S. and U.K. nuclear submarine programs and embedding Australian industry into AUKUS submarine production and sustainment.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 45,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:

Todd Corillo
[email protected]
(757) 688-3220

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f6587908-29bf-4c28-8d93-79b0268f08b5

PASCAGOULA, Miss., July 11, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) christened the future USS George M. Neal (DDG 131), the fourth Flight III Arleigh Burke-class destroyer to be built at the company’s Ingalls Shipbuilding division.

The ship is named for Aviation Machinist’s Mate Third Class George M. Neal, a Korean War veteran and Navy Cross recipient. In 1951, Neal’s helicopter crashed during a rescue attempt in the North Korean mountains. He evaded enemy forces for nine days before being captured and held as a prisoner of war for two and a half years. He was released and returned to the United States in 1952 along with more than 320 fellow prisoners of war.

Performing the duties of the under secretary of the Navy, William Toti delivered the keynote address. “The future USS George M. Neal honors a legacy of extraordinary courage and sacrifice,” Toti said. “As we christen this ship, we mark another step toward building the Navy our nation needs. Flight III destroyers are critical to our nation’s security, and we are proud to accept each one built by the skilled workforce at Ingalls."

Photos accompanying this release are available at: http://hii.com/news/hii-christens-guided-missile-destroyer-george-m-neal-ddg-131/.

Toti’s remarks highlighted the deep connection between the Navy’s mission and the dedicated Americans who design and build the ships that carry it forward. Building on that message, HII President and CEO Chris Kastner underscored the unique skill and commitment of the Ingalls Shipbuilding team.

“As a company, HII does a lot of amazing things, but only people — human beings — build ships. They build ships with their hands, their minds and toughness. The people of Ingalls Shipbuilding are among the finest craftsmen and craftswomen on the face of the Earth,” Kastner said. “When she is delivered, DDG 131 will be the most powerful surface combatant in the world. She will be ready. She’ll be ready because the United States of America makes a conscious choice, generation after generation for now 250 years, to invest in U.S. Navy ships, built by Americans, in America.”

The ship’s sponsor and daughter of the namesake, Kelley Neal Gray, performed the traditional bottle-breaking ceremony against the bow to formally christen DDG 131. In her remarks, she honored her father’s legacy and expressed gratitude to those who built the ship.

“On behalf of my family, I express my deepest gratitude to the United States Navy, to the incredible honor, for this magnificent destroyer after my father, George Milton Neal,” Gray said. “We are forever grateful that his life of service, sacrifice and courage will be remembered through a ship that will one day defend our nation and carry his legacy throughout the world.”

U.S. Rep. Mike Ezell, representing Mississippi’s 4th District, also addressed ceremony attendees.

“Today’s christening of the future USS George M. Neal is a proud moment for Mississippi and our nation,” Ezell said. “George M. Neal’s courage, sacrifice, and service represent the very best of America, and it is fitting that this warship will carry his legacy for generations to come. I’m grateful to the hardworking men and women of Ingalls Shipbuilding whose craftsmanship strengthens our Navy, supports our Gulf Coast economy, and helps keep our nation safe.”

To date, Ingalls has delivered 36 Arleigh Burke-class destroyers, including the first Flight III, USS Jack H. Lucas (DDG 125), and Ted Stevens (DDG 128). Flight III destroyers currently under construction include Jeremiah Denton (DDG 129), George M. Neal (DDG 131), Sam Nunn (DDG 133), Thad Cochran (DDG 135), and John F. Lehman (DDG 137). Ships in pre-planning include Telesforo Trinidad (DDG 139), Ernest E. Evans (DDG 141), Charles French (DDG 142), Richard J. Danzig (DDG 143), Intrepid (DDG 145), Robert Kerrey (DDG 146), and Ray Mabus (DDG 147).

Flight III Arleigh Burke-class destroyers represent the next generation of surface combatants and incorporate a number of design modifications that collectively provide significantly enhanced capability. Upgrades include the AN/SPY-6(V)1 Air and Missile Defense Radar (AMDR) and the Aegis Baseline 10 Combat System required to keep pace with the threats well into the 21st century.

Video of the ceremony, along with additional information on DDG 131 and the Arleigh Burke-class program, is available at www.hii.com/events/DDG131.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii
Contact:

Kimberly K. Aguillard
[email protected]
228-355-5663

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/173938d8-a6b0-484d-b1b9-dcf22b5e76f5

Key Takeaways HII is expanding its UUV presence through its REMUS family of autonomous underwater systems.REMUS vehicles support surveillance, reconnaissance and mine countermeasure missions.REMUS 130 adds flexibility, endurance and custom payload options powered by Odyssey software. Huntington Ingalls Industries (HII - Free Report) continues to strengthen its position in the unmanned underwater vehicle (UUV) market through its advanced REMUS family of autonomous underwater systems. The company is expanding its presence in next-generation maritime autonomy by developing highly capable UUVs that support naval, commercial and scientific missions while enhancing underwater surveillance, reconnaissance and mine countermeasure capabilities.

A key example is HII's continued expansion of its REMUS portfolio. The company's REMUS family of UUVs is designed to collect critical underwater data across a wide range of missions. These autonomous systems are known for their durability, long service life and modular architecture, allowing customers to upgrade capabilities as mission requirements evolve. REMUS vehicles can operate independently or alongside crewed platforms, including submarines, helping extend operational reach while reducing risk to personnel.

The latest REMUS 130 further strengthens HII's underwater autonomy capabilities. Built on the proven REMUS 300 technology, the platform offers enhanced operational flexibility, improved endurance and a modular design that allows users to customize payloads for different missions. Powered by HII's Odyssey software suite, the vehicle supports advanced mission planning, autonomous navigation and multi-platform coordination, improving mission effectiveness across complex underwater environments.

Growing geopolitical tensions, rising maritime security concerns and increasing investments in naval modernization are driving demand for autonomous underwater systems worldwide. HII's broad REMUS portfolio, continued investment in autonomous technologies and strong relationships with defense customers position the company well to benefit from this expanding market.

Other UUV Stocks to Keep on the WatchlistOther aerospace and defense companies strengthening their presence in the UUV market are discussed below:

General Dynamics (GD - Free Report) : Through its Mission Systems business, General Dynamics develops advanced autonomous underwater vehicles, including the Knifefish and Bluefin Robotics platforms. The company's UUV portfolio supports mine countermeasure, underwater surveillance and maritime security missions for the U.S. Navy and allied defense customers.

BAE Systems plc (BAESY - Free Report) : BAE Systems continues to expand its underwater autonomy capabilities through its Riptide family of UUVs. These systems combine autonomous underwater platforms with advanced sensors, navigation and electronic payloads, supporting intelligence gathering, surveillance, reconnaissance and other complex maritime operations.

The Zacks Rundown for HIIShares of HII have surged 12.1% in the past year compared with the industry’s 4.5% growth.

Image Source: Zacks Investment Research

The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 0.85X compared with its industry’s average of 2.62X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for HII’s 2026 earnings has moved south over the past 60 days.

Image Source: Zacks Investment Research

MCLEAN, Va., July 06, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII), America’s largest military shipbuilder and a global leader in autonomous maritime systems, announced today that Halimar Shipyard of Morgan City, Louisiana, has joined the company’s growing network of strategic industrial partners supporting serial production of HII’s ROMULUS unmanned surface vessel (USV) family.

With extensive experience in commercial and government vessel construction, Halimar brings a highly skilled workforce, modern facilities, and proven production processes that will directly support full-rate manufacturing of the ROMULUS 151 platform.

Under the partnership, Halimar will construct complete ROMULUS 151 vessels and support serial production in collaboration with Breaux Brothers Enterprises in Louisiana, where five ROMULUS 151 vessels are currently under construction.

The partnership will help accelerate production schedules, expand capacity, and support growing demand from the U.S. Navy and allied maritime forces for autonomous unmanned maritime capabilities.

“Our partnership with Halimar Shipyard represents another important step in building the industrial capacity needed to deliver autonomous maritime capability at scale,” said Andy Green, executive vice president of HII and president of HII’s Mission Technologies division. “Halimar’s proven shipbuilding expertise, skilled workforce, and strategic Gulf Coast location strengthen our ability to accelerate production, improve supply chain resilience, and provide affordable, mission-ready autonomous systems.”

A photo accompanying this release is available at: https://www.hii.com/news/hii-adds-halimar-shipyard-to-romulus-usv-production-network

“We are proud to partner with HII on the ROMULUS program and contribute to the future of autonomous maritime operations,” said William Hidalgo Jr, executive vice president and chief operating officer, Halimar Shipyard. “Our team has decades of experience building high-quality vessels, and we look forward to applying that expertise to help deliver reliable, scalable production capacity that supports evolving mission needs.”

The addition of Halimar Shipyard provides several key advantages to the ROMULUS production team:

Scalable Manufacturing Capacity

Halimar’s facilities provide an established and expandable production foundation capable of producing complete ROMULUS 151 vessels while increasing output as unmanned surface vessel demand grows.

Long-Term Strategic Partnership

As a core member of the ROMULUS production team, Halimar is collaborating closely on vessel construction, manufacturing integration, and production readiness to support delivery of an affordable, reliable, and producible autonomous maritime solution.

Distributed Shipbuilding Model

Expanding HII’s Gulf Coast manufacturing footprint strengthens supply chain resilience, increases surge capacity, and supports efficient execution of the ROMULUS production schedule through multiple production locations.

The partnership with Halimar Shipyard expands HII’s distributed manufacturing, which brings together specialized shipbuilders, fabricators, designers, and technology providers to accelerate delivery of autonomous maritime capability at scale.

Working with Halimar, Breaux Brothers Enterprises, Bayou Metals, and additional strategic partners, HII is reducing lead times, streamlining fabrication, and advancing major assembly work ahead of final integration. This approach enhances throughput, supports consistent, repeatable production, and enables efficient serial delivery of ROMULUS vessels across multiple shipyards.

The ROMULUS program also benefits from the expertise of internationally recognized design and engineering partners such as Sydney-based Incat Crowther. The integration of Incat Crowther into the ROMULUS initiative exemplifies how trusted international partners strengthen the global defense ecosystem through high-performance vessel design, engineering agility, and regional expertise. Their contributions help ensure that ROMULUS platforms combine advanced operational capability with manufacturability, scalability, and lifecycle efficiency.

Collectively, these efforts strengthen the U.S. shipbuilding industrial base by expanding regional manufacturing capacity, creating new opportunities to grow and sustain a skilled workforce, and establishing a resilient production network capable of supporting future autonomous fleet requirements.

ROMULUS USV: Built for Scale and Mission Flexibility

ROMULUS is a modular family of AI-enabled unmanned surface vessels designed to support a broad range of missions, including intelligence, surveillance, and reconnaissance (ISR); mine countermeasures; strike operations; counter-unmanned systems; and the launch and recovery of unmanned underwater and aerial vehicles.

Engineered for serial, repeatable production, ROMULUS combines endurance, global reach, and modular adaptability. The platform’s common manufacturing architecture and autonomy baseline enable scalability across multiple vessel sizes while reducing production complexity and accelerating fleet fielding. Supported by a growing network of production partners across the Gulf Coast and beyond, ROMULUS is designed not only as a highly capable autonomous platform, but as a scalable maritime manufacturing program capable of delivering operational capability at the pace required by modern naval forces.

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

HII on the web: https://www.HII.com/HII on Facebook: https://www.facebook.com/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHIIHII on LinkedIn: https://www.linkedin.com/company/wearehii Contact:

Greg McCarthy
(202) 264-7126
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e401d3d8-d78e-45da-82b6-09ed383fb21e

Key Takeaways HII secured a nearly $417.7M Navy contract for carrier and amphibious ship maintenance support.Huntington Ingalls supports fleet readiness through maintenance, modernization and technical services.HII's shipbuilding and sustainment expertise positions it for long-term naval modernization demand. Huntington Ingalls Industries (HII - Free Report) continues to strengthen its position in the naval sustainment market through its long-standing partnership with the U.S. Navy and broad portfolio of shipbuilding, maintenance and lifecycle support capabilities. The company provides mission-critical maintenance, modernization and technical support services that help ensure the operational readiness of some of the Navy's most advanced surface vessels.

A key example is HII's latest U.S. Navy contract. In June 2026, the company secured a nearly $417.7 million contract from the Naval Sea Systems Command to provide maintenance and repair support for aircraft carriers and amphibious ships. The contract is expected to be completed by June 2031.

Aircraft carriers and amphibious assault ships play a critical role in projecting naval power and supporting expeditionary operations worldwide. Maintaining key systems, such as aircraft elevators, is essential to ensuring uninterrupted flight deck operations, efficient movement of personnel and equipment, and overall mission readiness. HII's expertise in providing long-term sustainment and maintenance services reinforces its role in supporting the operational availability of the U.S. Navy's fleet.

With governments worldwide increasing investments in naval modernization and fleet readiness, demand for maintenance, repair and lifecycle support services is expected to remain strong. Huntington Ingalls' extensive experience in naval shipbuilding, sustainment and modernization, combined with its long-standing relationship with the U.S. Navy, positions it well to benefit from long-term defense modernization initiatives and the growing focus on maintaining combat-ready naval fleet.

Other Naval Sustainment Stocks to WatchOther aerospace and defense companies strengthening their presence in the naval sustainment market are discussed below:

Lockheed Martin (LMT - Free Report) : The company's Rotary and Mission Systems segment supports advanced naval warfare programs, including the AEGIS Combat System, the Littoral Combat Ship and Multi-Mission Surface Combatant programs, strengthening the operational capabilities of the U.S. Navy and allied fleet.

BAE Systems plc (BAESY - Free Report) : The company designs, builds, modernizes and supports a wide range of naval platforms, including aircraft carriers, destroyers and frigates. Its broad naval sustainment capabilities and shipbuilding expertise position it to benefit from rising global investments in naval fleet modernization.

The Zacks Rundown for HIIShares of HII have surged 11.9% in the past year compared with the industry’s 6.4% growth.

Image Source: Zacks Investment Research

The company shares are trading at a discount on a relative basis, with its forward 12-month Price/Sales being 0.83X compared with its industry’s average of 2.62X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for HII’s 2026 earnings has moved north over the past 60 days.

Image Source: Zacks Investment Research