Analyst Coverage Updated for Shipbuilder Huntington Ingalls Industries

Recent financial projections regarding Huntington Ingalls Industries (HII) have been published, adding to the public data available on the defense prime contractor. As the sole builder of U.S. Navy aircraft carriers and one of two builders of submarines, the company’s financial standing is often scrutinized against the backdrop of government shipbuilding budgets.

Operational segments for the Virginia-based manufacturer include the Ingalls Shipbuilding and Newport News Shipbuilding divisions, which focus on surface combatants and nuclear-powered vessels. The third segment, Mission Technologies, provides non-shipbuilding services such as unmanned systems and C5ISR (Command, Control, Communications, Computers, Combat Systems, Intelligence, Surveillance, and Reconnaissance) support.

Currently, HII shares are trading on the market near the $326.80 mark. Activity in the latest session shows the stock down slightly by 0.32% compared to the previous close of $327.85. The company holds a market capitalization of approximately $12.88 billion.

Market data lists Huntington Ingalls Industries within the Industrials sector, specifically classified under the Aerospace & Defense industry. The firm’s revenue stream is heavily tied to federal contracts for the design, construction, and lifecycle maintenance of military ships, including destroyers and amphibious transport docks.

What to watch

• Future earnings releases to assess backlog and revenue recognition across the three business segments.
• Updates on the U.S. Department of Defense budget allocations for naval shipbuilding and maintenance programs.
• Contract milestones regarding the construction of Virginia-class submarines and Gerald R. Ford-class carriers.

Source: original release