Huntington Ingalls Industries Inc (HII) Stock Price & Chart | Trade Now

Huntington Ingalls Company profile

Huntington Ingalls Industries, Inc. (HII) is the largest American military shipbuilding company that provides professional services to partners from the US Government, primarily the Department of Defence (DoD), and industry.

The company has three business segments: Ingalls Shipbuilding in Mississippi, Newport News Shipbuilding (Newport News) and Technical Solutions.

The Ingalls Shipbuilding designs and constructs non-non-nuclear ships for the US Navy and US Coast Guard, including amphibious assault ships, expeditionary warfare ships, surface combatants and national security cutters (NSC). The unit occupies 800 acres along the Pascagoula River in Pascagoula, Mississippi.

The Newport News designs and constructs nuclear-powered aircraft carriers and submarines, as well as the refuelling, overhaul and the inactivation of nuclear-powered aircraft carriers. The unit operates a shipyard which occupies 550 acres near the mouth of the James River, which adjoins the Chesapeake Bay.

The Technology Solutions segment includes life-cycle sustainment services to the US Navy fleet and other maritime customers; high-end information technology and mission-based solutions for the Department of Defence (DoD), intelligence, and federal civilian customers; and nuclear management and operations and environmental management services for the Department of Energy (DoE), DoD, state and local governments and private sector.

Huntington Ingalls’s revenue primarily comes from the US Government, particularly the navy. Since 2019, the US Navy has accounted for up to 90% of the company’s revenue.

As of the earnings date of 31 March 2022, Huntington Ingalls accumulated $47.9bn worth of work to complete after it secured $2bn in new contract awards in the first quarter of 2022.

The company began trading publicly on 31 March 2011 after it spun off from Northrop Grumman. Its shares are traded on the New York Stock Exchange (NYSE) under the ticker symbol “HII”.

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