Huntington Ingalls Industries Federal Lobbying Expenditures Detailed

New data regarding the federal lobbying activities of Huntington Ingalls Industries has been published, providing insight into the shipbuilder’s engagement with lawmakers in 2023. The report catalogs the company’s spending and personnel dedicated to influencing policy and legislation in Washington.

As the sole builder of U.S. Navy aircraft carriers and one of two builders of submarines, Huntington Ingalls Industries (HII) operates in a heavily regulated sector dependent on government appropriations. The shipbuilding giant, divided into its Ingalls, Newport News, and Mission Technologies divisions, regularly utilizes lobbying to communicate its industrial capabilities and requirements to legislative bodies.

Market data for the Virginia-based contractor indicates a share price of $287.59, reflecting a decline of 1.51% from the previous close of $292.00. The company holds a market capitalization of approximately $10.87 billion, positioning it as a major entity within the industrials sector and the aerospace and defense industry.

Transparency reports such as the one released by OpenSecrets allow public observation of how major defense contractors interact with the federal government. These disclosures detail financial outlays directed toward firms that advocate for policy issues relevant to naval shipbuilding and defense technology services.

What to watch

• Future quarterly filings and earnings reports for updated fiscal guidance.
• Announcements regarding major shipbuilding milestones or contract awards.
• Subsequent lobbying disclosures for the current fiscal year.

Source: original release