Huntington Ingalls Industries, Inc. (HII)

The company now

HII reported record third-quarter revenue of $3.5 billion on 29 October, up 10.8 percent from a year earlier 1. Net earnings were $217 million, or $5.48 per diluted share 1.

Newport News Shipbuilding, which builds aircraft carriers and submarines, grew revenue 18.1 percent to $1.9 billion 1. The company said the increase was primarily driven by higher volumes in submarines and aircraft carriers 1.

New contract awards in the quarter totaled $32.4 billion 1. Chief executive Chris Kastner said they secured about 90 percent of expected shipbuilding revenue through 2030 1. The Defense Post reported on 30 July that the Navy awarded $76.6 billion in submarine contract changes to General Dynamics Electric Boat and HII's Newport News yard 5.

The company raised its shipbuilding revenue outlook for the year to between $10.5 billion and $10.7 billion and kept its free cash flow outlook at $500 million to $600 million 1. The open question is execution, since Newport News has faced performance challenges on carriers and Virginia class submarines 2.

As of Nov 3, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.