Here are 1-3 brief analogies for Huntington Ingalls Industries (HII):

• Lockheed Martin for military ships
• Boeing for naval vessels

• Non-Nuclear Military Ships: Designs, builds, overhauls, and repairs various non-nuclear military vessels, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters.
• Nuclear-Powered Military Ships: Designs, builds, overhauls, and repairs nuclear-powered aircraft carriers and submarines for the U.S. Navy.
• Ship Lifecycle Support Services: Provides refueling, overhaul, inactivation, and general life-cycle sustainment services for military ships and maritime customers.
• Naval Nuclear Support Services: Offers specialized design, construction, maintenance, and disposal activities for in-service U.S. Navy nuclear ships and nuclear reactor prototypes.
• Unmanned Systems: Develops and provides unmanned systems for various defense and maritime applications.
• Information Technology & Mission Solutions: Delivers high-end information technology and mission-based solutions for defense, intelligence, and federal civilian customers.
• Nuclear & Environmental Management Services: Provides nuclear management and operations, and environmental management services for government and private sector clients.

Major Suppliers of Huntington Ingalls Industries (HII):

• Lockheed Martin Corporation (LMT)
• RTX Corporation (RTX)
• L3Harris Technologies, Inc. (LHX)
• General Electric Company (GE)
• BAE Systems plc (BAESY)

Christopher D. Kastner, President and Chief Executive Officer

Christopher D. Kastner was appointed President and Chief Executive Officer of HII in March 2022. Prior to this role, he served as HII's Chief Operating Officer from February 2021 and as Executive Vice President and Chief Financial Officer since March 2016. Before joining HII (which was spun off from Northrop Grumman in 2011), Mr. Kastner held various positions at Northrop Grumman, including vice president, business management, and CFO for Northrop Grumman Shipbuilding-Gulf Coast, and vice president, contracts and risk management, for Northrop Grumman Ship Systems. He also served as corporate director of strategic transactions for Northrop Grumman. Mr. Kastner is a board member of New York Life Insurance Company.

Thomas E. Stiehle, Executive Vice President and Chief Financial Officer

Thomas E. Stiehle was promoted to Executive Vice President and Chief Financial Officer of HII in February 2021. He previously served as vice president and CFO at HII's Ingalls Shipbuilding division from 2012 to 2021. Before that, he was vice president, contracts and pricing for Ingalls. Prior to joining HII in 2011, Mr. Stiehle worked for Northrop Grumman, Aerospace Sector, for 24 years, beginning his career as a design engineer at Grumman Aircraft Corp. He held increasing responsibilities in business management, including contracts and pricing manager, business manager, and director of business management.

Edmond E. Hughes, Executive Vice President and Chief Human Resources Officer

Edmond E. Hughes was promoted to Executive Vice President and Chief Human Resources Officer in February 2022. Before this, he served as vice president of human resources and administration contracts at HII's Ingalls Shipbuilding division and at Northrop Grumman Shipbuilding since 2006. Mr. Hughes previously led human resources at General Motors and TRW Automotive.

Kari Wilkinson, Executive Vice President and President, Newport News Shipbuilding

Kari Wilkinson was named President of Newport News Shipbuilding on January 1, 2025. She previously served as President of HII's Ingalls Shipbuilding division.

Brian Blanchette, Executive Vice President and President, Ingalls Shipbuilding

Brian Blanchette began serving as President of Ingalls Shipbuilding and Vice President of HII on January 1, 2025. Prior to this role, he was the vice president of quality at Ingalls from 2021 to 2024. As president, he is responsible for all programs and operations at Ingalls.

Huntington Ingalls Industries (HII) faces several key risks inherent to its business as a predominant military shipbuilder for the U.S. government.

1. Reliance on U.S. Government Contracts and Associated Risks: HII is almost entirely dependent on the U.S. government, primarily the U.S. Navy and U.S. Coast Guard, for its revenue. This dependence exposes the company to risks such as government budgetary constraints, shifts in defense spending priorities, and changes in customer requirements. Delays in government appropriations or the final award of major contracts can create cash flow headwinds. A significant portion of HII's contracts are fixed-price, which makes the company vulnerable to cost overruns if actual costs exceed pricing assumptions due to factors like inflation, supply chain disruptions, and workforce challenges. This can lead to compressed margins.
2. Workforce Shortages and Rising Labor Costs: The naval shipbuilding industry, including HII, is experiencing acute workforce shortages, exacerbated by the retirement of skilled workers and increasing demand. These shortages and a lowered experience level among its workforce have led to performance challenges, including increased rework and delays in projects like aircraft carrier construction. The company also faces the risk of increased labor costs, as evidenced by recent collective bargaining agreements that included significant wage increases, which could pressure margins if not offset by corresponding productivity and schedule gains.
3. Supply Chain Disruptions and Rising Material Costs: HII is susceptible to supply chain disruptions and escalating material costs, which can significantly impact project timelines and contract profitability. The company's reliance on a high percentage of single or sole-source suppliers, particularly for its Newport News segment, amplifies this risk. Such disruptions have already led to hampered performance and lower financial guidance in previous periods. HII is actively working on a supply chain roadmap to mitigate these risks, but they remain a persistent challenge.

Huntington Ingalls Industries (HII) operates in several key markets, primarily serving the U.S. government. The addressable market sizes for its main products and services are detailed below:

Military Shipbuilding (U.S.)

• The North America naval vessels market is estimated at approximately $22.03 billion in 2025 and is expected to reach about $45.67 billion by 2030, growing at a compound annual growth rate (CAGR) of 15.7% during this period.
• The global naval shipbuilding market was valued at $104.74 billion in 2026 and is projected to reach $128.07 billion by 2035, with a CAGR of 2.26%. The U.S. naval shipbuilding market accounts for nearly 32% of the total global shipbuilding capacity.
• The U.S. Coast Guard's Procurement, Construction, and Improvements (PC&I) budget for recapitalizing legacy surface assets was $1.1 billion in the FY 2025 President's Budget, including $530 million for Offshore Patrol Cutters and $216 million for Fast Response Cutters. The FY 2026 President's Budget requests $1.44 billion for surface acquisitions to continue fleet recapitalization. Furthermore, $24.593 billion was provided for fiscal year 2025 for the U.S. Coast Guard to procure new operational assets and systems, maintain existing assets, and enhance infrastructure.

Ship Repair, Maintenance, and Modernization (U.S.)

• The U.S. ship repair and maintenance services market was valued at $6.55 billion in 2025 and is projected to reach $11.72 billion by 2033, demonstrating a CAGR of 7.52%.
• Globally, the ship repair and maintenance services market size was valued at $38.82 billion in 2025 and is projected to grow to $58.50 billion by 2034, with a CAGR of 4.80%. North America held a dominant share of 25.50% in this market in 2025, with its valuation at $9.9 billion in 2025 and $10.3 billion in 2026.
• The global naval vessel Maintenance, Repair, and Overhaul (MRO) market is estimated at $61.38 billion in 2025, with projections to reach $73.66 billion by 2031, growing at a CAGR of 3.09%. Nuclear-powered vessels constituted 53.21% of the spending in this market in 2025.

High-End Information Technology and Mission-Based Solutions (U.S.)

• The global defense IT spending market was valued at $100.6 billion in 2024 and is projected to reach $137.7 billion by 2033, at a CAGR of 3.55%. North America held the largest market share in this sector.
• U.S. defense IT spending has been increasing and is expected to reach $38.7 billion by 2022. The U.S. defense IT sector is the largest globally due to significant investments.
• Within the U.S. defense market, C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) and electronic warfare segments together accounted for a 31.25% revenue share in 2025.

Nuclear Management and Operations and Environmental Management Services (U.S.)

• The U.S. nuclear waste management market was valued at $1.23 billion in 2025 and is projected to reach approximately $1.47 billion by 2034, with a CAGR of 1.97%. North America held the largest market share globally for nuclear waste management, with a 35% share in 2024.
• Globally, the nuclear waste management market was valued at $4.87 billion in 2024 and is projected to reach $5.87 billion by 2034. Another estimate places the global market at $8.25 billion in 2024, growing to $11.44 billion by 2032.
• The U.S. federal government is anticipated to owe nuclear utility owners almost $62 billion by 2030 due to its failure to remove spent nuclear fuel.

Unmanned Systems (U.S.)

• The U.S. unmanned systems market was valued at $9.22 billion in 2025 and is expected to reach $23.77 billion by 2035, growing at a CAGR of 9.94%.
• The global unmanned systems market was estimated at $26.55 billion in 2024 and is projected to reach $48.31 billion by 2030, at a CAGR of 10.5%. North America accounted for over 45% of the global revenue share in 2024, with the U.S. dominating the North American market with over 65% share.
• The military and law enforcement applications segment dominated the unmanned systems market in 2025 with a 67% revenue share.

• Increased Shipbuilding Volumes: HII anticipates higher production volumes across its core shipbuilding programs. This includes amphibious assault ships and surface combatants at Ingalls Shipbuilding, and nuclear-powered aircraft carriers and submarines (such as Virginia-class and Columbia-class) at Newport News Shipbuilding.
• Growth in Mission Technologies: The Mission Technologies segment is a significant driver, with expected growth in areas like warfare systems, global security, and unmanned systems. HII is a leading producer of unmanned underwater vehicles for the U.S. Navy.
• Enhanced Shipbuilding Throughput and Operational Efficiency: HII is focused on improving its production speed and efficiency through workforce improvement initiatives, expanding its Charleston facility, and strategically utilizing contract labor to address critical gaps. The company achieved a 14% throughput improvement in 2025 and targets an additional 15% increase in 2026.
• Strong Backlog and Continued Government Defense Spending: The company benefits from a substantial backlog and ongoing bipartisan congressional support for defense spending. This includes incremental and block-buy funding for major programs like aircraft carriers, Virginia- and Columbia-class submarines, and new frigate programs, contributing to predictable revenues. The current global security environment also underscores the demand for defense capabilities.
• Expansion of International Presence: HII is looking to expand its international footprint, with the AUKUS security pact (Australia, UK, US) specifically identified as a potential growth catalyst.

Share Repurchases

• On January 31, 2024, Huntington Ingalls Industries (HII) authorized an increase in its share repurchase program from $3.2 billion to $3.8 billion and extended the term of the program to December 31, 2028.
• HII did not repurchase any shares during 2025.

Outbound Investments

• On August 19, 2021, HII completed the acquisition of Alion Science and Technology, a technology-driven solutions provider, which expanded HII's capabilities in areas such as ISR, military training and simulation, cyber, and data analytics.
• On January 27, 2025, HII acquired an advanced manufacturing facility in South Carolina, establishing Newport News Shipbuilding (NNS) - Charleston Operations, to support the construction of nuclear-powered submarine modules and aircraft carrier units for U.S. Navy programs.

Capital Expenditures

• In 2025, HII invested $396 million in capital expenditures, representing 3.2% of sales, with a primary focus on driving higher throughput in its shipyards and making over $400 million in overall capital improvements.
• For 2026, HII expects capital expenditures to be approximately 4% to 5% of sales, translating to an estimated $500 million to $600 million, aimed at expanding yard capacity and throughput.
• In 2024, capital expenditures were reported at $353 million, or 3.1% of sales.