Huntington Ingalls Industries Secures $220.7 Million Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy HII?
Source: Yahoo Finance
- Contract Value: Huntington Ingalls Industries has been awarded a $220.7 million fixed-fee contract, which will support the company's long-term projects and is expected to enhance its market position in the defense sector.
- Contract Type: This is a cost-plus-fixed-fee contract, meaning the company will be reimbursed for project costs along with an additional fixed fee, which will help improve its financial stability.
- Project Impact: The acquisition of this contract will provide Huntington Ingalls with a steady revenue stream, likely having a positive impact on its financial performance over the coming years and further solidifying its leadership in naval shipbuilding.
- Strategic Importance: With this contract, Huntington Ingalls not only enhances its production capabilities but also boosts its competitive edge among defense contractors, ensuring a favorable position in future bidding processes.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy HII?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on HII
Wall Street analysts forecast HII stock price to rise
6 Analyst Rating
4 Buy
1 Hold
1 Sell
Moderate Buy
Current: 336.950
Low
300.00
Averages
344.80
High
376.00
Current: 336.950
Low
300.00
Averages
344.80
High
376.00
About HII
Huntington Ingalls Industries, Inc. is a global, all-domain defense partner, building and delivering naval ships and technologies. Its segments include Ingalls Shipbuilding (Ingalls), Newport News Shipbuilding (Newport News) and Mission Technologies. Ingalls segment includes its non-nuclear ship design, construction, repair, and maintenance businesses. Newport News segment includes all of its nuclear ship design, construction, overhaul, refueling, and repair and maintenance businesses. Mission Technologies segment provides a range of services and products, including command, control, computers, communications, cyber, intelligence, surveillance, and reconnaissance systems and operations; the application of artificial intelligence and machine learning to battlefield decisions; defense and offensive cyberspace strategies and electronic warfare; unmanned autonomous systems; live, virtual, and constructive training solutions; platform modernization, and critical nuclear operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
HII Delivers Next-Gen Unmanned Surface Vessels
- Successful Delivery of USVs: HII, in partnership with MetalCraft Marine, has successfully delivered and sea-tested two ROMULUS-25 unmanned surface vessels, marking the fulfillment of a DIU contract with the U.S. Marine Corps and reinforcing HII's leadership in autonomous technology.
- Advanced Autonomy Technology: The ROMULUS-25, powered by HII's Odyssey autonomy system, is capable of executing complex missions at sea with a range of up to 1,000 nautical miles and a payload capacity of 1,000 pounds, highlighting its strategic significance in naval operations.
- Validation of Autonomous Operations: Over the past five years, the Odyssey autonomy system has been validated through more than 2,200 hours of government-led tests, successfully deployed on over 30 platforms, accumulating more than 12,000 hours of at-sea operations, showcasing its robust application potential.
- Advancing Hybrid Fleet Capabilities: This delivery represents a significant step by HII and MetalCraft Marine in advancing hybrid manned-unmanned fleet capabilities, aimed at enabling next-generation autonomous operations in support of naval missions worldwide.
See More
Huntington Ingalls Industries Secures $220.7 Million Contract
- Contract Value: Huntington Ingalls Industries has been awarded a $220.7 million fixed-fee contract, which will support the company's long-term projects and is expected to enhance its market position in the defense sector.
- Contract Type: This is a cost-plus-fixed-fee contract, meaning the company will be reimbursed for project costs along with an additional fixed fee, which will help improve its financial stability.
- Project Impact: The acquisition of this contract will provide Huntington Ingalls with a steady revenue stream, likely having a positive impact on its financial performance over the coming years and further solidifying its leadership in naval shipbuilding.
- Strategic Importance: With this contract, Huntington Ingalls not only enhances its production capabilities but also boosts its competitive edge among defense contractors, ensuring a favorable position in future bidding processes.
See More
HII Hosts Congressman to Boost Naval Shipbuilding Efforts
- Congressman Visit: HII hosted Congressman Adam Smith at its Newport News Shipbuilding facility, showcasing the company's commitment to submarine and aircraft carrier construction, emphasizing support for national security.
- Construction Progress Showcase: Smith observed the construction progress on Columbia-class and Virginia-class submarines as well as Gerald R. Ford-class aircraft carriers, reflecting HII's efforts to enhance naval capabilities.
- Efficiency Through Innovation: HII demonstrated its innovative use of advanced technology solutions within the shipyard to increase production efficiency, addressing security challenges posed by countries like China and Russia.
- Investment in Workforce and Infrastructure: With over 26,000 shipbuilders, HII is the largest industrial employer in Virginia, highlighting the critical need for stable long-term funding to invest in infrastructure and personnel to achieve a stronger national defense.
See More
New Flight III Destroyer Ted Stevens Sets Sail
- Destroyer Sets Sail: The new Arleigh Burke-class destroyer Ted Stevens (DDG 128) departed HII's Ingalls Shipbuilding today en route to Norfolk, Virginia, reflecting the company's strong momentum in destroyer deliveries and expected to enhance U.S. maritime security capabilities.
- Advanced Technology Deployment: DDG 128 features the Flight III AN/SPY-6(V)1 radar system and Aegis Baseline 10 combat system, designed to counter evolving threats well into the 21st century, underscoring its significance in modern naval warfare.
- Production Capacity Enhancement: HII plans to outsource over 2.5 million hours of shipbuilding work in 2026 while expanding its structural assembly network to improve throughput and meet the Navy's growing demand, ensuring timely delivery of more vessels.
- Future Development Plans: Ingalls currently has five Flight III destroyers under construction and seven more in early planning phases, indicating the company's strategic positioning and market outlook in future naval shipbuilding.
See More
HII's Newport News Shipbuilding Attracts Graduating Seniors
- Career Commitment: At the Career Selection Day hosted by Newport News Shipbuilding, 32 high school seniors accepted offers for full-time trade positions or admission to HII-funded Apprentice School, demonstrating strong interest and commitment to shipbuilding careers.
- Talent Development Program: The Good Life Solution Program, a collaboration between New Horizons Regional Education Centers and local employers, aims to improve recruitment and training methods, directly attracting new talent from high school graduates.
- Apprentice School Recognition: During a ceremony on April 28, 18 students from the Youth Builders program received offers to attend the Apprentice School, highlighting the company's commitment to developing the next generation of shipbuilders.
- Contribution to National Security: NNS's VP of Human Resources emphasized that these students are not just accepting job offers but are committing to careers that contribute to national security, thereby strengthening the company's workforce and industry appeal.
See More
HII Receives Best Employers Award for Health Care Value
- Award Recognition: HII was honored as the sole recipient of the Best Employers Award for Health Care Value, highlighting its excellence in innovative, evidence-based benefits design that focuses on prevention, clinical outcomes, and long-term savings, thereby reinforcing its leadership position in the industry.
- Commitment to Employee Well-being: This marks the third consecutive year HII has received this award, demonstrating its ongoing efforts to enhance employee well-being through comprehensive and innovative benefits programs, which in turn improve overall company performance and employee satisfaction.
- Strategic Health Initiatives: HII's health programs have significantly reduced emergency room visits and disability costs through on-site Advanced Primary Care, while partnerships for virtual specialty care have improved access and outcomes, showcasing its strategic and effective approach to enhancing health care value.
- Industry Influence: HII's recognition alongside renowned companies like Costco, Dell, and Walmart further establishes its leadership in health and wellness, attracting top talent and enhancing the company's reputation in the competitive landscape.
See More
HII Delivers Next-Gen Unmanned Surface Vessels
- Successful Delivery of USVs: HII, in partnership with MetalCraft Marine, has successfully delivered and sea-tested two ROMULUS-25 unmanned surface vessels, marking the fulfillment of a DIU contract with the U.S. Marine Corps and reinforcing HII's leadership in autonomous technology.
- Advanced Autonomy Technology: The ROMULUS-25, powered by HII's Odyssey autonomy system, is capable of executing complex missions at sea with a range of up to 1,000 nautical miles and a payload capacity of 1,000 pounds, highlighting its strategic significance in naval operations.
- Validation of Autonomous Operations: Over the past five years, the Odyssey autonomy system has been validated through more than 2,200 hours of government-led tests, successfully deployed on over 30 platforms, accumulating more than 12,000 hours of at-sea operations, showcasing its robust application potential.
- Advancing Hybrid Fleet Capabilities: This delivery represents a significant step by HII and MetalCraft Marine in advancing hybrid manned-unmanned fleet capabilities, aimed at enabling next-generation autonomous operations in support of naval missions worldwide.
See More
Huntington Ingalls Industries Secures $220.7 Million Contract
- Contract Value: Huntington Ingalls Industries has been awarded a $220.7 million fixed-fee contract, which will support the company's long-term projects and is expected to enhance its market position in the defense sector.
- Contract Type: This is a cost-plus-fixed-fee contract, meaning the company will be reimbursed for project costs along with an additional fixed fee, which will help improve its financial stability.
- Project Impact: The acquisition of this contract will provide Huntington Ingalls with a steady revenue stream, likely having a positive impact on its financial performance over the coming years and further solidifying its leadership in naval shipbuilding.
- Strategic Importance: With this contract, Huntington Ingalls not only enhances its production capabilities but also boosts its competitive edge among defense contractors, ensuring a favorable position in future bidding processes.
See More
HII Hosts Congressman to Boost Naval Shipbuilding Efforts
- Congressman Visit: HII hosted Congressman Adam Smith at its Newport News Shipbuilding facility, showcasing the company's commitment to submarine and aircraft carrier construction, emphasizing support for national security.
- Construction Progress Showcase: Smith observed the construction progress on Columbia-class and Virginia-class submarines as well as Gerald R. Ford-class aircraft carriers, reflecting HII's efforts to enhance naval capabilities.
- Efficiency Through Innovation: HII demonstrated its innovative use of advanced technology solutions within the shipyard to increase production efficiency, addressing security challenges posed by countries like China and Russia.
- Investment in Workforce and Infrastructure: With over 26,000 shipbuilders, HII is the largest industrial employer in Virginia, highlighting the critical need for stable long-term funding to invest in infrastructure and personnel to achieve a stronger national defense.
See More
New Flight III Destroyer Ted Stevens Sets Sail
- Destroyer Sets Sail: The new Arleigh Burke-class destroyer Ted Stevens (DDG 128) departed HII's Ingalls Shipbuilding today en route to Norfolk, Virginia, reflecting the company's strong momentum in destroyer deliveries and expected to enhance U.S. maritime security capabilities.
- Advanced Technology Deployment: DDG 128 features the Flight III AN/SPY-6(V)1 radar system and Aegis Baseline 10 combat system, designed to counter evolving threats well into the 21st century, underscoring its significance in modern naval warfare.
- Production Capacity Enhancement: HII plans to outsource over 2.5 million hours of shipbuilding work in 2026 while expanding its structural assembly network to improve throughput and meet the Navy's growing demand, ensuring timely delivery of more vessels.
- Future Development Plans: Ingalls currently has five Flight III destroyers under construction and seven more in early planning phases, indicating the company's strategic positioning and market outlook in future naval shipbuilding.
See More
HII's Newport News Shipbuilding Attracts Graduating Seniors
- Career Commitment: At the Career Selection Day hosted by Newport News Shipbuilding, 32 high school seniors accepted offers for full-time trade positions or admission to HII-funded Apprentice School, demonstrating strong interest and commitment to shipbuilding careers.
- Talent Development Program: The Good Life Solution Program, a collaboration between New Horizons Regional Education Centers and local employers, aims to improve recruitment and training methods, directly attracting new talent from high school graduates.
- Apprentice School Recognition: During a ceremony on April 28, 18 students from the Youth Builders program received offers to attend the Apprentice School, highlighting the company's commitment to developing the next generation of shipbuilders.
- Contribution to National Security: NNS's VP of Human Resources emphasized that these students are not just accepting job offers but are committing to careers that contribute to national security, thereby strengthening the company's workforce and industry appeal.
See More
HII Receives Best Employers Award for Health Care Value
- Award Recognition: HII was honored as the sole recipient of the Best Employers Award for Health Care Value, highlighting its excellence in innovative, evidence-based benefits design that focuses on prevention, clinical outcomes, and long-term savings, thereby reinforcing its leadership position in the industry.
- Commitment to Employee Well-being: This marks the third consecutive year HII has received this award, demonstrating its ongoing efforts to enhance employee well-being through comprehensive and innovative benefits programs, which in turn improve overall company performance and employee satisfaction.
- Strategic Health Initiatives: HII's health programs have significantly reduced emergency room visits and disability costs through on-site Advanced Primary Care, while partnerships for virtual specialty care have improved access and outcomes, showcasing its strategic and effective approach to enhancing health care value.
- Industry Influence: HII's recognition alongside renowned companies like Costco, Dell, and Walmart further establishes its leadership in health and wellness, attracting top talent and enhancing the company's reputation in the competitive landscape.
See More
