Huntington Ingalls Industries (HII) Research

Forward Estimates

EPS Estimates

Current Qtr

$3.84

$3.64$4.06

vs $3.86-0.6%

10 analysts

Next Qtr

$4.67

$4.35$5.45

vs $3.68+26.9%

10 analysts

Current Yr

$17.40

$16.76$18.11

vs $15.39+13.0%

11 analysts

Next Yr

$20.37

$18.43$23.38

vs $17.40+17.1%

11 analysts

Revenue Estimates

Current Qtr

$3.15B

$3.10B$3.21B

vs $3.08B+2.3%

12 analysts

Next Qtr

$3.28B

$3.23B$3.34B

vs $3.19B+2.7%

12 analysts

Current Yr

$13.00B

$12.79B$13.19B

vs $12.48B+4.2%

12 analysts

Next Yr

$13.81B

$13.32B$14.33B

vs $13.00B+6.2%

12 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for HII on EDGAR.

HII filing events and research context
Filed	Item	Context
Feb 5, 2026	business	Huntington Ingalls Industries (HII) is a primary U.S. defense contractor with approximately 80% of its revenue derived from the U.S. Navy. The company operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Mission Technologies. Ingalls focuses on non-nuclear vessels, serving as the sole builder of amphibious assault ships (LHA and LPD) and one of two builders of Arleigh Burke class guided missile destroyers. Newport News specializes in nuclear-powered platforms, maintaining an exclusive position as the designer and builder of nuclear aircraft carriers, including the Gerald R. Ford class, and the sole provider of Refueling and Complex Overhaul (RCOH) services. It also co-produces Virginia class fast attack and Columbia class ballistic missile submarines. Mission Technologies provides C5ISR, cybersecurity, AI/ML, and unmanned underwater and surface vehicles. While HII benefits from high barriers to entry due to specialized nuclear expertise, it faces operational risks such as material delays affecting the Enterprise (CVN 80) schedule. The company is strategically positioned for long-term carrier inactivation contracts and the ongoing recapitalization of the Navy's nuclear fleet.
Feb 5, 2026	mda	HII operates in the highly competitive shipbuilding and Mission Technologies markets, focusing on aircraft carriers, submarines, amphibious assault ships, and surface combatants. While HII is currently the sole provider for refueling nuclear-powered aircraft carriers, government-owned shipyards pose a potential competitive threat. A critical trend is the U.S. Government's shift toward non-traditional procurement, specifically Other Transaction Authority (OTA) and Commercial Solutions Openings (CSO), which may favor non-traditional defense contractors. Financial performance is heavily influenced by contract structures; 50% of revenues are cost-type, while 46% are fixed-price incentive and 3% are firm fixed-price, exposing the company to cost overruns driven by inflation, supply chain disruptions, and labor shortages. Operational risks include an aging workforce and difficulties attracting skilled nuclear and engineering personnel, with 45% of the workforce covered by collective bargaining agreements. HII must also expand shipbuilding capacity to meet production demands. Additionally, the company faces sophisticated cybersecurity threats from nation-state actors and rigorous regulatory oversight from the DCAA and DCMA, which can result in payment withholdings or disallowed costs. Pension obligations remain sensitive to fluctuations in discount rates and asset returns.
Feb 5, 2026	risk_factors	HII operates in a volatile political and macroeconomic environment characterized by fiscal instability, including a recent 43-day federal government shutdown and national debt exceeding 120% of GDP. While the "America First" agenda promotes domestic production and defense readiness, persistent inflation and elevated interest rates pressure working capital and contract execution. The company is heavily dependent on the U.S. Navy, leaving it exposed to federal budget fluctuations and procurement reforms. Critical revenue drivers include the Virginia class (SSN 774) and Columbia class (SSBN 826) submarines, Arleigh-Burke class (DDG 51) destroyers, and Gerald R. Ford class (CVN 78) aircraft carriers. However, the Newport News segment faces ongoing performance challenges in aircraft carrier and Virginia class submarine construction, resulting in unfavorable cumulative catch-up revenue adjustments. Operational risks are compounded by a fragile supplier base and chronic skilled labor shortages that threaten production throughput. Geopolitical tensions across undersea, space, and cyber domains sustain demand but introduce risks related to trade protectionism and tariffs. Furthermore, HII manages complex pension obligations and faces legal contingencies, including asbestos-related claims and an antitrust lawsuit concerning the recruitment of naval engineers.

Filed

Item

Context

Feb 5, 2026

business

Huntington Ingalls Industries (HII) is a primary U.S. defense contractor with approximately 80% of its revenue derived from the U.S. Navy. The company operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Mission Technologies. Ingalls focuses on non-nuclear vessels, serving as the sole builder of amphibious assault ships (LHA and LPD) and one of two builders of Arleigh Burke class guided missile destroyers. Newport News specializes in nuclear-powered platforms, maintaining an exclusive position as the designer and builder of nuclear aircraft carriers, including the Gerald R. Ford class, and the sole provider of Refueling and Complex Overhaul (RCOH) services. It also co-produces Virginia class fast attack and Columbia class ballistic missile submarines. Mission Technologies provides C5ISR, cybersecurity, AI/ML, and unmanned underwater and surface vehicles. While HII benefits from high barriers to entry due to specialized nuclear expertise, it faces operational risks such as material delays affecting the Enterprise (CVN 80) schedule. The company is strategically positioned for long-term carrier inactivation contracts and the ongoing recapitalization of the Navy's nuclear fleet.

Feb 5, 2026

mda

HII operates in the highly competitive shipbuilding and Mission Technologies markets, focusing on aircraft carriers, submarines, amphibious assault ships, and surface combatants. While HII is currently the sole provider for refueling nuclear-powered aircraft carriers, government-owned shipyards pose a potential competitive threat. A critical trend is the U.S. Government's shift toward non-traditional procurement, specifically Other Transaction Authority (OTA) and Commercial Solutions Openings (CSO), which may favor non-traditional defense contractors. Financial performance is heavily influenced by contract structures; 50% of revenues are cost-type, while 46% are fixed-price incentive and 3% are firm fixed-price, exposing the company to cost overruns driven by inflation, supply chain disruptions, and labor shortages. Operational risks include an aging workforce and difficulties attracting skilled nuclear and engineering personnel, with 45% of the workforce covered by collective bargaining agreements. HII must also expand shipbuilding capacity to meet production demands. Additionally, the company faces sophisticated cybersecurity threats from nation-state actors and rigorous regulatory oversight from the DCAA and DCMA, which can result in payment withholdings or disallowed costs. Pension obligations remain sensitive to fluctuations in discount rates and asset returns.

Feb 5, 2026

risk_factors

HII operates in a volatile political and macroeconomic environment characterized by fiscal instability, including a recent 43-day federal government shutdown and national debt exceeding 120% of GDP. While the "America First" agenda promotes domestic production and defense readiness, persistent inflation and elevated interest rates pressure working capital and contract execution. The company is heavily dependent on the U.S. Navy, leaving it exposed to federal budget fluctuations and procurement reforms. Critical revenue drivers include the Virginia class (SSN 774) and Columbia class (SSBN 826) submarines, Arleigh-Burke class (DDG 51) destroyers, and Gerald R. Ford class (CVN 78) aircraft carriers. However, the Newport News segment faces ongoing performance challenges in aircraft carrier and Virginia class submarine construction, resulting in unfavorable cumulative catch-up revenue adjustments. Operational risks are compounded by a fragile supplier base and chronic skilled labor shortages that threaten production throughput. Geopolitical tensions across undersea, space, and cyber domains sustain demand but introduce risks related to trade protectionism and tariffs. Furthermore, HII manages complex pension obligations and faces legal contingencies, including asbestos-related claims and an antitrust lawsuit concerning the recruitment of naval engineers.

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HII filing events and research context

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