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SANTA CLARITA, Calif., Sept. 04, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) executive vice president of maritime systems and corporate strategy, Eric Chewning, reaffirmed the company’s commitment to strengthening the nation’s defense industrial base and revitalizing U.S. shipbuilding today during a House Appropriations Subcommittee on Defense field hearing. Speaking at College of the Canyons before subcommittee Chairman Rep. Ken Calvert, and members of the subcommittee, Chewning underscored the critical importance of a modernized workforce, upgraded shipyard infrastructure, and an expanded maritime industrial base.

“America’s ability to maintain peace and defend our interests depends on a strong, secure, and ready industrial base,” Chewning said. “At HII, our mission to deliver the world’s most powerful ships and all‑domain solutions is only possible because of our dedicated workforce and the continued support of Congress and the U.S. Navy.”

A photo accompanying this release is available at www.HII.com/newsroom.

Chewning, drawing on his experience as former Deputy Assistant Secretary of Defense for Industrial Policy, highlighted past reforms during the hearing to address strategic threats and bolster resilience. He also emphasized what HII is doing to accelerate throughput to meet national security demands.

“In 2025, throughput in our shipyards increased by 14% year-over-year,” said Chewning. “And with approximately 40 ships at Ingalls and Newport News in active construction or modernization, our focus in 2026 is clear: we must build on this momentum and continue delivering ships at a greater pace to the U.S. Navy. We are targeting a 15% year-over-year throughput increase in 2026.”

Chewning said HII’s strategy to increase throughput centers on three parts: hiring, teaching, and retaining a world-class workforce; modernizing shipbuilding infrastructure with capital investments such as the use of physical AI in shipbuilding; and expanding the maritime industrial base by growing HII’s supply chain and implementing a distributed shipbuilding strategy.

While describing the strategy, Chewing thanked Congress and the Navy for their support that enabled HII to enter into new shipyard collective bargaining agreements that provided competitive wage increases to maintain a highly skilled workforce. In addition, he highlighted HII’s ongoing industrial base expansion, including a plan to strategically outsource more than two million hours of work in 2026, a 178% increase from 2024. The outsourced work will increase HII’s shipbuilding throughput and create jobs in communities across the country and will give small- and medium- sized businesses improved confidence to invest in their own capacity and workforce.

Additional contributions to the revitalization discussion included progress at HII’s Newport News Shipbuilding Charleston Operations. Chewning pointed out the facility is a model for maritime industrial base revitalization. Working closely with the U.S. Navy, the State of South Carolina, and the Department of Defense’s Industrial Base Policy Office, HII was able to transform the underutilized facility into a growing advanced manufacturing campus supporting the submarine industrial base and expanding skilled trade opportunities.

“This is a powerful example of what can be achieved when industry, the federal government, and state partners work together to strengthen America’s maritime dominance,” said Chewning. “We thank the U.S. Navy, Congress, and specifically the House Defense Appropriations Subcommittee for their continued support and look forward to working together to ensure America’s maritime superiority for generations to come.”

You can read the full written testimony here: https://appropriations.house.gov/schedule/hearings/field-hearing-industrial-base-and-workforce-development-skilled-trades.

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
Danny.J.Hernandez@hii-co-com
(202) 264-7143

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/428157cc-ebb3-4012-9125-a5d5dcddbb78

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.

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 0.90X compared with its industry’s average of 2.68X.

Image Source: Zacks Investment Research

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.

NEWPORT NEWS, Va., Aug. 15, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Newport News Shipbuilding (NNS) division has successfully completed acceptance sea trials of John F. Kennedy (CVN 79), the second Gerald R. Ford-class nuclear-powered aircraft carrier.

Kennedy returned to NNS after further testing and evaluation of important ship systems and components at sea. Earlier this year, Kennedy underwent successful builder’s sea trials.

“It is an honor to take Kennedy to sea to demonstrate the quality work and commitment by our shipbuilders,” said Derek Murphy, NNS vice president of new construction aircraft carrier programs. “This critical set of sea trials is a testament to the entire nuclear shipbuilding enterprise and the work of thousands across our country to prepare CVN 79 to join the fleet.”

The sea trials brought together NNS shipbuilders, John F. Kennedy sailors and Navy personnel to execute the testing and evaluation of ship operations.

CVN 79 continues the legacy of highly capable nuclear-powered aircraft carrier platforms. With the successful completion of acceptance trials, the next step for the ship is preliminary acceptance that will enable the Navy to begin underway test and evaluation of Kennedy’s unique systems.

Photos accompanying this release are available at: http://hii.com/news/hiis-newport-news-shipbuilding-completes-successful-acceptance-sea-trials-of-john-f-kennedy-cvn-79/.

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/ae46f4c2-3750-4ec1-94df-c0ec56760376

MCLEAN, Va., Aug. 11, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division has been awarded a $2.2 billion task order to deliver advanced Surveillance, Tracking, Intelligence, Network Services, Global Reconnaissance, Analysis, and Interceptions (STRINGRAI) in support of the U.S. Southern Command (SOUTHCOM).

Huntington Ingalls Industries (HII) delivered strong Q2 2026 results with 10.9% revenue growth and 30.2% segment operating income increase. I raised my rating to Buy as HII's improved throughput, labor retention, and submarine contracts support credible medium-term margin expansion. Management increased 2026 shipbuilding revenue guidance by $500 million and raised the lower end of margin guidance to 6.0%-6.5%.

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Focus List Spotlight: Huntington Ingalls (HII - Free Report) Based in Newport News, VA, Huntington Ingalls Industries designs, builds and maintains nuclear-powered ships such as aircraft carriers and submarines, and non-nuclear ships, such as surface combatants, expeditionary warfare/amphibious assault and coastal defense surface ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe.

Since being added to the Focus List on May 9, 2016 at $155.2 per share, shares of HII have increased 104.7% to $317.7. The stock is currently a #3 (Hold) on the Zacks Rank.

For fiscal 2026, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.34 to $17.68. HII boasts an average earnings surprise of 15.4%.

Additionally, HII's earnings are expected to grow 14.9% for the current fiscal year.

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NEWPORT NEWS, Va., Aug. 03, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that Chris Helton has been appointed vice president of infrastructure and sustainability at its Newport News Shipbuilding division.

In his new role, Helton will oversee infrastructure modernization improvements at the shipyard, as well as facilities, environmental health and safety, and security at NNS. He will report to Karey Malyszko, NNS vice president of quality, process excellence and plant operations.

“Chris’ extensive educational background, strategic leadership and diverse shipbuilding experience will be critical to our success in making responsible investments that further power our drive to meet our commitments,” Malyszko said.

A 35-year shipbuilder, Helton joins NNS from HII’s Ingalls Shipbuilding division, where he held positions of increasing responsibility across engineering, facilities, maintenance and planning. He played a critical role in Ingalls’ recovery from Hurricane Katrina in 2005, and he most recently served as director of post-launch electrical operations.

Helton earned a bachelor’s degree in industrial engineering technology and a Master of Business Administration from the University of Southern Mississippi. He begins his new role at NNS Aug. 31.

A photo accompanying this release is available at: http://hii.com/news/hii-names-chris-helton-as-vice-president-of-infrastructure-and-sustainability-at-newport-news-shipbuilding/.

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/473d905e-5297-46e3-ab40-f5b094b8fbe1

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.

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Defense Budget Expansion: 3 Mid-Cap Names in a Sweet Spot Huntington Ingalls Industries NYSE: HII reported second-quarter 2026 sales of $3.4 billion and diluted earnings per share of $5.27, as higher volumes at its shipbuilding operations helped drive revenue growth and prompted the company to raise its full-year shipbuilding outlook.

Chief Executive Officer Chris Kastner said shipbuilding sales reached $2.7 billion, up 16% from a year earlier and marking the company’s fourth consecutive quarter of double-digit growth. HII received $6.7 billion in contract awards during the quarter.

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U.S. Shipbuilding Revival: 3 Stocks to Watch Now “We had a solid second quarter and are beginning to see positive momentum from continued investments in shipbuilding in the maritime industrial base,” Kastner said.

Financial Results and Updated Outlook Consolidated revenue increased 10.9% year over year to approximately $3.4 billion. Net earnings rose to $208 million from $152 million in the prior-year quarter, while diluted EPS increased from $3.86 to $5.27.

These 3 Underrated ETFs Could Boom in 2026Segment operating income was $224 million, compared with $172 million a year earlier, and segment operating margin rose to 6.6% from 5.6%. Consolidated operating income was $210 million, with a 6.1% operating margin, compared with $163 million and a 5.3% margin in the second quarter of 2025.

HII raised its 2026 shipbuilding revenue forecast to between $10.2 billion and $10.4 billion and increased the low end of its shipbuilding operating-margin outlook. The company now expects shipbuilding operating margin of 6% to 6.5% for the year.

Chief Financial Officer Tom Stiehle said the higher outlook reflected operating run rates at Newport News Shipbuilding and Ingalls Shipbuilding, including labor, materials, insourcing and outsourcing activity. He said the company expects third-quarter shipbuilding revenue of about $2.6 billion and shipbuilding operating margin similar to the second-quarter result of 6.3%.

HII reiterated its forecast for Mission Technologies revenue of $3 billion to $3.2 billion and segment operating margin of approximately 5% for 2026. The company expects Mission Technologies third-quarter revenue to be similar to the second-quarter level of $760 million, with an operating margin of about 4%, including planned investments in unmanned capabilities and production capacity.

Shipbuilding Progress and Submarine Awards At Newport News Shipbuilding, the aircraft carrier John F. Kennedy, or CVN 79, completed builder’s trials earlier in the year. HII expects preliminary acceptance later in 2026 and final delivery in 2027. The Enterprise, or CVN 80, is 64% erected, and the company plans to lay the keel for CVN 81 later this year.

On the submarine side, the company said the Virginia-class submarine Arkansas, or SSN 800, remains on track for delivery later this year. HII also said agreements were reached for Virginia-class Block VI and the next Columbia-class submarine contracts.

Stiehle said the $76.6 billion in contract modifications included approximately $25 billion for Newport News, including about $5.5 billion associated with the Columbia program. The award covers nine Virginia-class ship sets for integration, testing and delivery, while material has been purchased for a 10th ship, according to management.

Kastner said the contract terms were consistent with the company’s expectations for its long-term profitability profile. Management said contract incentives are tied to areas including labor investments, capital investments and performance milestones.

The company expects to transition to a majority of post-COVID shipbuilding work by the end of 2027. Stiehle said HII expects the mix to approach 50-50 between pre- and post-COVID work around the end of 2026 before shifting toward post-COVID programs.

Ingalls Deliveries and Workforce Efforts Ingalls Shipbuilding currently has 13 ships under construction, including six destroyers, three amphibious transport docks and two amphibious assault ships. The yard also supports work on the DDG 1000 and DDG 1002 programs.

Ingalls delivered the destroyer Ted Stevens, or DDG 128, at the end of 2025, and the ship sailed away during the second quarter. The company is preparing the Jeremiah Denton, or DDG 129, for planned delivery in 2027. Amphibious transport dock Harrisburg, or LPD 30, powered up its main engines during the quarter and is progressing toward delivery this year.

Ingalls President Brian Blanchette said the business is focused on delivering three ships over the next 12 months. Across HII, Kastner said the company plans to deliver five ships during that period.

HII said year-to-date shipbuilding throughput improved 12% over 2025 and that it remains on track for a 15% full-year improvement. The company has hired more than 3,500 shipbuilders year to date and expects distributed shipbuilding to increase 30% this year.

Blanchette said an updated collective bargaining agreement reached in March has produced early improvements in retention and hiring indicators. He said the company is also investing in covered work areas, employee transportation, workforce engagement, apprenticeship programs and frontline leadership.

Management said distributed shipbuilding partners have generally produced positive results, though the process has not been without issues. The company said it uses engineering, quality assurance and inspection support to oversee work performed by partners before units are integrated at its shipyards.

Mission Technologies and Cash Flow Mission Technologies recorded second-quarter sales of $760 million, down 3.9% year over year. Stiehle said the decline reflected lower volumes in all-domain operations and global security, partly offset by higher volumes in warfare systems and unmanned systems. Excluding approximately $45 million tied to a nonrecurring contract resolution in the prior-year period, the segment posted modest organic revenue growth.

Mission Technologies operating income rose to $55 million from $36 million, while operating margin increased to 7.2% from 4.6%, primarily because of higher equity income from nuclear and environmental joint ventures.

The segment secured a $418 million recompete award to support shipboard elevators on U.S. Navy aircraft carriers and amphibious ships. Its ROMULUS unmanned surface vessel is scheduled to enter the Navy’s medium unmanned surface vessel at-sea testing phase in September. HII also announced partnerships with Bayou Metals, Halimar Shipyard and Applied Intuition and secured the next production option for the Navy’s Lionfish small unmanned undersea vehicle program.

Cash used in operations was $31 million in the quarter, while free cash flow fell below the company’s prior forecast due largely to the timing of receipts and disbursements. HII reiterated full-year free cash flow guidance of $500 million to $600 million, including an expectation for about $100 million in the third quarter and significant generation in the fourth quarter. The company ended the quarter with $12 million in cash and approximately $1.7 billion of liquidity.

About Huntington Ingalls Industries (NYSE:HII)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Huntington Ingalls Industries, Inc. (HII) Q2 2026 Earnings Call July 30, 2026 9:00 AM EDT

Company Participants

Christie Thomas - Vice President of Investor Relations
Christopher Kastner - President, CEO & Director
Brian Blanchette - Executive VP & President of Ingalls Shipbuilding Division
Thomas Stiehle - Executive VP & CFO

Conference Call Participants

John Godyn - Citigroup Inc., Research Division
Noah Poponak - Goldman Sachs Group, Inc., Research Division
Scott Mikus - Melius Research LLC
Gautam Khanna - TD Cowen, Research Division
Douglas Harned - Bernstein Institutional Services LLC, Research Division
Scott Deuschle - Deutsche Bank AG, Research Division
Benjamin Tomick - Wells Fargo Securities, LLC, Research Division
Ronald Epstein - BofA Securities, Research Division
Emilee Deutchman - Wolfe Research, LLC
Seth Seifman - JPMorgan Chase & Co, Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Second Quarter 2026 HII Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the call over to Christie Thomas, Vice President of Investor Relations. Mrs. Thomas, you may begin.

Christie Thomas
Vice President of Investor Relations

Thank you, operator, and good morning, everyone. Welcome to the HII Second Quarter 2026 Conference Call. .

Matters discussed on today's call that constitute forward-looking statements, including our estimates regarding the company's outlook, involve risks and uncertainties and reflect the company's judgment based on information available at the time of this call. These risks and uncertainties may cause our actual results to differ materially. Additional information regarding these factors is contained in today's press release and the company's SEC filings.

We will also refer to certain non-GAAP financial measures. For additional disclosures about these non-GAAP measures, including reconciliations to comparable GAAP measures, please see the slides that accompany this webcast, which are available on the Investor Relations page of our website

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.

NEWPORT NEWS, Va., July 29, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that the U.S. nuclear submarine shipbuilding team, which includes the company’s Newport News Shipbuilding (NNS) division, has been awarded contracts for construction of Block VI Virginia-class and Build II Columbia-class submarines.

The combined total of approximately $76.6 billion in contract modifications from the U.S. Navy to HII’s Newport News Shipbuilding and General Dynamics Electric Boat (GDEB) is to support the construction of five additional Columbia-class, nine additional Virginia-class submarines, and other funding for shipyard infrastructure.

In the Virginia-class program, NNS will serve as the delivery yard for six of the planned submarines. In the Columbia-class program, NNS is a major shipbuilding partner, constructing and delivering six module sections per submarine.

“We are committed to building the nuclear-powered submarines that protect our nation,” NNS President Kari Wilkinson said. “These contracts provide the American shipbuilding industrial base the opportunity to demonstrate that commitment in a meaningful way and we are honored to serve our customer and our country.”

NNS and GDEB have built and delivered 26 Virginia-class submarines to date.

A photo accompanying this release is available at: http://hii.com/news/hii-is-awarded-contracts-for-construction-of-block-vi-virginia-class-and-build-ii-columbia-class-submarines/.

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/675cac32-80d8-4d2b-bd11-a32099dec39a

July 29, 2026 08:15 ET  | Source: HII

NEWPORT NEWS, Va., July 29, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.38 per share, payable on Sept. 11, 2026, to shareholders of record as of the close of business on Aug. 28, 2026.

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

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

PASCAGOULA, Miss., July 27, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division has expanded its distributed shipbuilding strategy to include modular unit construction for the U.S. Navy’s amphibious transport dock program, beginning with Philadelphia (LPD 32). This expansion builds on the proven success achieved through distributed shipbuilding in HII’s destroyer program, further strengthening the company’s commitment to increasing throughput and supporting the national industrial base.

“Expanding distributed shipbuilding into the LPD program is a critical step in scaling capacity to meet rising fleet demand,” Ingalls Shipbuilding President Brian Blanchette said. “By shifting selected structural units to trusted partners, just as we’ve successfully done in the Flight III destroyer program, we’re enabling more parallel construction and freeing our Ingalls team to focus on the complex assembly and integration work that only a major shipyard can perform.”

A photo accompanying this release is available at: http://hii.com/news/hiis-ingalls-shipbuilding-expands-distributed-shipbuilding-to-amphibious-ships.

Ingalls is extending distributed construction to amphibious ships, with eight structural units for Philadelphia (LPD 32) awarded to two partners and already in early production. This approach builds on the efficiencies demonstrated in the Flight III destroyer program, where partner-built units for Thad Cochran (DDG 135) arrived ahead of the ship’s October 2025 keel authentication and supported early-sequence work. Ingalls aims to replicate those efficiencies across the amphibious shipbuilding line.

Looking ahead, distributed shipbuilding remains central to meeting Navy fleet demand. Last year, HII doubled its distributed shipbuilding workload, and the company plans to increase outsourced shipbuilding hours by another 30% in 2026, with amphibs representing a significant share of that growth.

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:

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/39eac154-068b-45c8-a8d8-e648f7151492

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Huntington Ingalls (HII - Free Report) . This company, which is in the Zacks Aerospace - Defense industry, shows potential for another earnings beat.

When looking at the last two reports, this shipbuilder has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 5.52%, on average, in the last two quarters.

For the most recent quarter, Huntington Ingalls was expected to post earnings of $3.7 per share, but it reported $3.79 per share instead, representing a surprise of 2.43%. For the previous quarter, the consensus estimate was $3.72 per share, while it actually produced $4.04 per share, a surprise of 8.60%.

Price and EPS Surprise

With this earnings history in mind, recent estimates have been moving higher for Huntington Ingalls. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Huntington Ingalls currently has an Earnings ESP of +0.53%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 30, 2026.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

The market expects Huntington Ingalls (HII - Free Report) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis shipbuilder is expected to post quarterly earnings of $3.79 per share in its upcoming report, which represents a year-over-year change of -1.8%.

Revenues are expected to be $3.15 billion, up 2.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.03% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Huntington Ingalls?For Huntington Ingalls, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.12%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Huntington Ingalls will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Huntington Ingalls 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 beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Huntington Ingalls doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

An Industry Player's Expected ResultsAnother stock from the Zacks Aerospace - Defense industry, General Dynamics (GD - Free Report) , is soon expected to post earnings of $3.95 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of +5.6%. Revenues for the quarter are expected to be $13.49 billion, up 3.4% from the year-ago quarter.

The consensus EPS estimate for General Dynamics has been revised 0.1% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +1.61%.

When combined with a Zacks Rank of #2 (Buy), this Earnings ESP indicates that General Dynamics will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

McLEAN, Va., July 21, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced that Michael DeBernardis has joined the company as vice president and chief counsel for its Mission Technologies division, HII’s global all-domain national security solutions business.

In this role, DeBernardis will advise senior leadership and lead the delivery of legal services for Mission Technologies. He will serve as a key member of the division’s leadership team, supporting its continued growth across defense, intelligence, cyber, unmanned systems, training, logistics, fleet sustainment, nuclear services, and mission-enabling capabilities and technologies.

DeBernardis brings nearly 20 years of experience advising global corporations, government contractors, and multinational organizations on complex legal, compliance, investigations, and governance matters.

Prior to joining HII, DeBernardis was the managing partner of the Washington, D.C., office of Hughes Hubbard & Reed LLP, where he also served as chair of the firm’s Global Investigations, Enforcement and Compliance practice.

A photo accompanying this release is available at: http://hii.com/news/hii-names-michael-debernardis-vice-president-and-chief-counsel-of-mission-technologies/.

DeBernardis has represented organizations before the U.S. Department of Justice, U.S. Securities and Exchange Commission, U.S. Senate permanent Subcommittee on Investigations, and numerous international development institutions.

“As HII continues to expand its integrated technology portfolio and deliver mission-enabling capabilities to customers around the world, Michael’s proven leadership, strategic judgment and deep experience navigating complex regulatory environments will be invaluable as we support our customers’ most critical missions,” said Andy Green, executive vice president and president of HII’s Mission Technologies division.

“Michael has a proven record of leading talented teams and solving some of the most complex legal challenges around the globe,” said Chad Boudreaux, executive vice president and chief legal officer of HII. “As chief counsel for Mission Technologies, he will continue to advance our company’s mission of delivering all-domain solutions in service of the nation, creating the advantage for customers to protect peace and freedom around the world.”

DeBernardis earned a Juris Doctor, cum laude, from George Washington University Law School, where he served on the International Law Review, and a Bachelor of Business Administration from the University of Delaware.

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/d36f28c9-6473-4e27-ab24-a3602f34df77

MCLEAN, Va., July 14, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Mission Technologies division announced today that Frederick “Fritz” Roegge has joined the company as vice president of operations for its Nuclear and Environmental team, bringing decades of distinguished leadership, strategic insight and national security expertise.

Roegge is a retired U.S. Navy vice admiral whose career includes command roles across undersea, joint and alliance forces, and leadership positions in the national security and strategic deterrence enterprises.

His background spans operational command, academic leadership and high-level commercial nuclear roles, making him exceptionally well-suited to support Mission Technologies’ mission of delivering advanced integrated solutions for the nation’s most complex challenges.

“Bringing exceptional leaders onto our team is one of the most important investments we can make in our future,” said Michael Lempke, president of Mission Technologies’ Global Security group. “Admiral Roegge’s unmatched experience in nuclear operations and national security will enhance the critical services we deliver, expand our capabilities in nuclear management and operations, and position us for continued growth across our portfolio.”

Photos accompanying this release are available at: http://hii.com/news/retired-us-navy-vice-admfrederick-fritz-roegge-joins-hiis-nuclear-environmental-team/.

In his new role, Roegge will oversee HII Nuclear, a subsidiary of HII, in its management and operation of Department of Energy and National Nuclear Security Administration sites, the execution of complex production and environmental remediation, and will leverage HII’s decades of nuclear fabrication experience to support U.S. government and commercial nuclear projects.

Roegge replaces Lauren Bruner who transitioned to a new role within Global Security where she will be leading a Mission Assurance team that will integrate proactive issue identification and corrective action within the organization’s existing quality management capabilities.

About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML 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/f1288cbf-e82e-49b9-ba08-e036e3c84f6a

July 13, 2026 15:24 ET  | Source: HII

ARLINGTON, Va., July 13, 2026 (GLOBE NEWSWIRE) -- The release issued earlier today by HII (NYSE: HII) was issued in error. The release has been replaced as follows:

Media Advisory — Media Invited to HII Unmanned Autonomy Briefing

What:As the U.S. Navy and allied navies accelerate the integration of manned and unmanned maritime operations, one technology will be essential to mission success: proven, reliable autonomy.Join HII experts for an exclusive media briefing on the Odyssey Autonomous Control System (ACS), HII’s proven autonomy software powering the next generation of intelligent unmanned vehicles.

Built on an open architecture, Odyssey ACS combines advanced autonomy, navigation, communications, onboard processing and modular interfaces that enable the rapid integration of commercial, government and customer-developed payloads.

The system transforms any vehicles into intelligent robotic platforms capable of collaborative autonomy, sensor fusion and enhanced perception across a broad range of missions.

Already deployed on REMUS unmanned underwater vehicles in more than 30 countries and ROMULUS unmanned surface vehicles, Odyssey ACS provides a proven foundation for future integrated operations while reducing technology risk, lowering lifecycle costs and enabling rapid capability upgrades.

During this briefing, HII experts will discuss how Odyssey ACS is helping shape the future of U.S. Navy and allied undersea operations and why trusted autonomy will be a decisive advantage in the evolving maritime battlespace.

When:Monday, July 20, 2026
10:30 –11:30 a.m. Eastern timeRSVP:Members of the media interested in participating should contact Greg McCarthy at [email protected] for call-in details.
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 Media Contact
Greg McCarthy
[email protected]

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

July 07, 2026 11:30 ET  | Source: HII

MCLEAN, Va., July 07, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Mission Technologies division announced that two of its spectrum dominance and awareness products have achieved awardable status through the Chief Digital and Artificial Intelligence Office’s (CDAO) Tradewinds Solutions Marketplace.

The Tradewinds Solutions Marketplace is the premier offering of Tradewinds, the U.S. Department of War’s (DoW) suite of tools and services designed to accelerate the procurement and adoption of Artificial Intelligence (AI)/Machine Learning (ML), data and analytics capabilities.

“Achieving awardable status underscores how HII is delivering ready-to-deploy solutions to the warfighter,” said Grant Hagen, president of Mission Technologies’ Warfare Systems group. “This designation accelerates access for our government partners and validates the operational impact and mission-relevance of these capabilities.”

HII’s GRIMM™ is a compact, high-performance spectrum dominance solution that is designed for real-time geolocation and direction-finding of adversary signals and emitters of interest. Engineered for low size, weight, power and cost, the payload provides enhanced situational awareness, intelligence support and force protection capability.

VIPER® (Volumetric Integrative Propagation Engine for Ray-Tracing) is an electromagnetic modeling and synthetic data generation capability that acts as a high-resolution channel emulator producing realistic RF scenario data to train AI-based algorithms. It solves critical AI data scarcity in Cognitive Electronic Warfare (EW) and counter unmanned aerial system (UAS) while eliminating the high costs, risks and limitations of live-fly testing.

Integrating these technologies onto manned and unmanned platforms will expand spectrum awareness, ensuring forces can detect, characterize and respond to threats across every domain.

HII’s videos-GRIMM™ Family of Systems (2-26-1773) and VIPER® Volumetric Integrative Propagation Engine for Ray-Tracing (4-26-2143)-accessible only by government customers on the Tradewinds Solutions Marketplace, present actual use cases in which GRIMM™ and VIPER® were recognized among a competitive field of applicants to the Tradewinds Solutions Marketplace whose solutions demonstrated innovation, scalability and potential impact on U.S. DoW missions. Government customers interested in viewing the video solutions can create a Tradewinds Solutions Marketplace account at tradewindAI.com.

Additional product information is available at: www.hii.com/products/grimm and www.hii.com/products/viper.

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 About the Tradewinds Solutions Marketplace
The Tradewinds Solutions Marketplace is a digital repository of post-competition, readily awardable pitch videos that address the U.S. Department of War’s (DoW) most significant challenges in the Artificial Intelligence/Machine Learning (AI/ML), data, and analytics space. All awardable solutions have been assessed through complex scoring rubrics and competitive procedures and are available to Government customers with a Marketplace account. Government customers can create an account at www.tradewindai.com. Tradewinds is housed in the U.S. DoW’s Chief Digital Artificial Intelligence Office. For more information or media requests, contact: [email protected].

Contact:

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

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

PASCAGOULA, Miss., July 01, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division began fabrication of the future USS John F. Lehman (DDG 137) Monday, marking the official start of construction on the Navy’s newest Flight III Arleigh Burke‑class destroyer.

The milestone builds upon early construction gains enabled by HII’s distributed shipbuilding model, which expands capacity by shifting fabrication of major structural units from Pascagoula to partner yards beyond the company’s traditional labor market that have available workforce and production space. For DDG 137, six partners across Texas, Louisiana, Mississippi and Florida are producing structural units, allowing Ingalls to distribute work across the supply chain.

“Our Ingalls shipbuilders have worked hard to reach fabrication start on DDG 137, and by focusing our teams and facilities on final assembly and integration, our distributed shipbuilding partners are enabling us to grow the Flight III fleet,” said Chris Brown, Ingalls Shipbuilding DDG 51 program manager. “We know the U.S. Navy is counting on us to deliver highly capable ships, and this industry-wide effort is helping us meet that responsibility with urgency.”

DDG 137 is the seventh Flight III destroyer to be constructed at Ingalls. Flight III ships represent the next generation of surface combatants, featuring the Flight III AN/SPY-6(V)1 radar system and the Aegis Baseline 10 combat system designed to counter evolving threats well into the 21st century.

Photos and a video accompanying this release are available at: https://www.hii.com/news/hii-begins-fabrication-of-destroyer-john-f-lehman-ddg-137. 

Ingalls currently has five Flight III destroyers under construction and seven more in early pre-planning and material procurement phases. As part of its distributed production strategy, HII plans to outsource more than 2.5 million hours of shipbuilding work in 2026, driving work to qualified yards nationwide and supporting long‑term industrial base resiliency.

For more information about the Flight III Arleigh Burke-class destroyers under construction at HII’s Ingalls Shipbuilding division visit, https://www.hii.com/capabilities/arleigh-burke-flight-iii.

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/305f38c1-6dac-4914-bf34-5ee272ee073a

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Stock to Watch: Huntington Ingalls (HII - Free Report) Based in Newport News, VA, Huntington Ingalls Industries designs, builds and maintains nuclear-powered ships such as aircraft carriers and submarines, and non-nuclear ships, such as surface combatants, expeditionary warfare/amphibious assault and coastal defense surface ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe.

HII is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 16.01; value investors should take notice.

For fiscal 2026, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $17.32 per share. HII boasts an average earnings surprise of +10.6%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, HII should be on investors' short list.