Comparing the current results to its competitors, Huntington Ingalls Industries Inc reported Revenue increase in the 1 quarter 2026 by 13.35 % year on year. The sales growth was above Huntington Ingalls Industries Inc 's competitors' average revenue growth of 4.56 %, achieved in the same quarter.
Huntington Ingalls Industries Inc 's Comment on Competition and Industry Peers
In our primary business of designing, building, overhauling, and repairing military
ships, we primarily compete with General Dynamics and, to a lesser extent, smaller
shipyards, one or more of which could team with a large defense contractor. Intense
competition related to programs, resources and funding, and long operating cycles
are key characteristics of both our business and the shipbuilding defense industry
in general. It is common industry practice to share work on major programs among
a number of companies. A company competing to be a prime contractor may, upon
ultimate award of the contract to another party, become a subcontractor for the
prime contracting party. It is not uncommon to compete for a contract award with
a peer company and, simultaneously, perform as a supplier to or a customer of
such competitor on other contracts. The nature of major defense programs, conducted
under binding contracts, allows companies that perform well to benefit from a
level of program continuity not common in many industries.
We believe we are well-positioned in the market. Because we are the only company
currently capable of building, refueling and defueling the U.S. Navys nuclear-powered
aircraft carriers, we believe we are in a strong competitive position to be
awarded each contract to perform such activities. Even so, the government periodically
revisits whether refueling of nuclear-powered aircraft carriers should be performed
in private or public facilities. In this regard, the National Defense Authorization
Act for Fiscal Year 2012 ("2012 Act") required DoD to develop a core
depot level maintenance capability to refuel nuclear aircraft carriers. The
National Defense Authorization Act for Fiscal Year 2013 ("2013 Act")
modified the 2012 Act by restoring an exception for the nuclear refueling of
an aircraft level maintenance. The 2013 Act also amended and clarified the exception
to cover the concurrent refueling and overhaul of an aircraft carrier, as well
as the defueling of an aircraft carrier. Similarly, the 2013 Act restored an
exclusion for nuclear aircraft carrier programs from the definition of core
logistics capabilities that was found in previous law.
We are currently the only builder of large deck amphibious assault and expeditionary
warfare ships for the U.S. Navy, including LHAs and LPDs, and are positioned
to be awarded future contracts for these types of vessels. We are also the sole
supplier of NSCs for the U.S. Coast Guard, and are positioned to be awarded
future contracts for these types of vessels. We are one of only two companies
currently designing and building nuclear-powered submarines for the U.S. Navy,
and we are party to a long-term teaming agreement with the other company for
the production of such vessels. We are one of only two companies that builds
the U.S. Navys current fleet of DDG-51 Arleigh Burke-class destroyers and are
positioned to be awarded future contracts for these types of ships as well.
Our success in the shipbuilding defense industry depends upon our ability to
develop, market and produce our products and services at a cost consistent with
the U.S. Navys budget, as well as our ability to provide the workforce, technologies,
facilities, equipment and financial capacity needed to deliver those products
and services with maximum efficiency.
We compete with a variety of companies in the provision of engineering services
in the energy and oil and gas markets.
November 4, 2025
In a strategic move that underscores the growing importance of international collaboration in the defense sector, Huntington Ingalls Industries Inc. (HII) has announced a new partnership with the United Kingdom s prestigious Westley Group. This partnership, revealed at the Indo Pacific International Maritime Exposition in Sydney, is poised to enhance the United States Navy s submarine industrial base within the framework of the AUKUS alliance. As the global defense landscape becomes increasingly interconnected, such alliances are vital in reinforcing supply chains and maintaining competitive advantage.The Westley Group, renowned for its high-integrity metal castings, joins the HII s network as a strategic su...
April 2, 2025
HII Strengthens National Defense with Major Training Contracts and Innovative Technology Solutions In a significant boost to national defense capabilities, HII (NYSE: HII) has announced the awarding of multiple contracts aimed at enhancing military readiness and proficiency. These recent developments underscore HII s commitment to providing state-of-the-art training and logistical support vital to the U.S. armed forces operations, ensuring that they are equipped to meet evolving challenges.On April 2, 2025, HII s Mission Technologies division received a $133 million contract from the U.S. Air National Guard. This contract will focus on enhancing the readiness and proficiency of flying units through an integ...
December 10, 2024
In an inspiring move for the future of American shipbuilding, Huntington Ingalls Industries Inc. (NYSE: HII) has struck a significant partnership with the U.S. Department of Labor’s Job Corps program. This collaboration culminated in a dynamic two-day recruiting event in Pascagoula, Mississippi, where ambition and opportunity collided seamlessly. With the event attracting over 120 ambitious students from 20 states, HII has not only elevated its commitment to workforce development but has also underscored the vital role the shipbuilding sector plays in the broader economy.As the manufacturing landscape continues to evolve, the need for skilled tradespeople is more critical than ever. The event provided a di...
November 23, 2024
On November 22, 2024, Huntington Ingalls Industries (HII) proudly marked a significant milestone in naval shipbuilding with the authentication of the keel for the Arleigh Burke-class guided missile destroyer, the U.S.S. Sam Nunn (DDG 133), at its facility in Pascagoula, Mississippi. This event not only celebrated the technological prowess of HII but also honored Samuel Augustus Nunn Jr. a revered former U.S. senator and a prominent advocate for nuclear non-proliferation.Senator Nunn s legacy, underscored by his co-founding of the Nuclear Threat Initiative, positions the U.S.S. Sam Nunn as more than just a military vessel; it embodies a commitment to peace and security in a world increasingly marred by geopol...
October 31, 2024
Advancing National Defense: HII Secures $3 Billion LOGIX Contract In a significant stride for national defense and military technology integration, Huntington Ingalls Industries Inc. (NYSE: HII) has been awarded a monumental $3 billion logistics contract under the LOGIX framework. This pivotal development marks a substantial commitment to bolstering defense operations through enhanced logistics services, advanced Intelligence, Surveillance, and Reconnaissance (ISR) capabilities, and the deployment of next-generation technology. As a critical element in the Joint All-Domain Command and Control (JADC2) strategy, HII is poised to drive transformative changes in defense readiness and operational efficiency.HIIâ€...
October 9, 2024
In a decisive move that underscores its commitment to advancing military training and operational capabilities, HII (NYSE: HII) has recently secured significant contracts from the U.S. Navy and Air Force, collectively valued at over $563 million. These contracts not only reflect the company’s robust expertise in mission technologies but also highlight HII s critical role in ensuring the readiness and efficiency of U.S. armed forces.On October 9, 2024, HII s Mission Technologies division announced the award of a $75 million task order aimed at delivering comprehensive systems engineering support for integrated training systems deployed onboard Navy vessels. This initiative is designed to bolster the combat...
October 3, 2024
Huntington Ingalls Industries Inc. (HII), an American defense contractor based in McLean, Virginia, has recently been awarded a task order to enhance navigation and autonomy technologies for the U.S. Air Force and the broader Department of Defense. This development reflects HII s commitment to bolster the capabilities of the U.S. military and underscores an ongoing trend toward the evolution of autonomous systems in defense applications.The announcement, made on October 3, 2024, highlights HII s Mission Technologies division as a key player in research aimed at advancing these essential technologies. With increasing emphasis placed on autonomy in military operations, this task order positions HII to potentia...
October 1, 2024
Navigating the Battlefield of Business and Defense: HII s $458 Million IT Overhaul Wins Big with the U.S. Department of DefenseIn a monumental stride towards innovation and adaptation in the modern military landscape, Huntington Ingalls Industries Inc (HII) has been awarded a staggering $458 million contract aimed at revolutionizing the IT architecture of the U.S. Department of Defense. This modernization project sets the stage for a transformative era in defense strategy, unlocking rapid decision-making capabilities in the unpredictable theater of battle.The defense giant, renowned for its comprehensive military shipbuilding and defense solutions, is venturing into the cutting-edge realm of information tec...
August 1, 2024
HII Fosters Naval Excellence and Community Engagement Through Leadership Visits and Educational Programs In a vibrant display of commitment to both naval excellence and community engagement, HII (NYSE: HII), a prominent defense contractor, recently hosted Chief of Naval Operations Adm. Lisa Franchetti at its Newport News Shipbuilding division. This event highlighted the company’s significant role in national defense and shipbuilding capabilities while underscoring its dedication to engaging with educators and students in STEM (science, technology, engineering, and mathematics) fields. A Visit from the Chief of Naval OperationsOn August 1, 2024, Adm. Franchetti visited the Newport News Shipbuilding facility...
June 28, 2024
Ingalls Shipbuilding Hosts Educator Externship Program and Honors Master Shipbuilders in Mississippi and VirginiaIn recent news, HIIs Ingalls Shipbuilding division has been making strides to strengthen its ties with the local community and honor its dedicated workforce. Hosting a two-week Educator Externship program at its shipyard in Pascagoula, Mississippi, the company welcomed 23 educators, giving them a unique opportunity to work alongside shipbuilders throughout the yard. The program, facilitated by the Ingalls human resources and administration team, aimed to provide educators with first-hand experience in shipbuilding and enhance their understanding of the industry.Simultaneously, HIIs Newport News S...
Publicly Traded Peers of Huntington Ingalls Industries Inc
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Northrop Grumman Corp operates as a leading global aerospace and defense company, strategically organized into segments such as Aerospace Systems, Mission Systems, and Defense Systems. The company specializes in creating and providing advanced technologies and solutions for defense, intelligence, and commercial clients, emphasizing innovation and efficiency. By leveraging its expertise and fostering collaboration, Northrop Grumman aims to deliver superior capabilities that enhance security and operational effectiveness for its customers worldwide.
Lockheed Martin Corporation operates as a global security and aerospace leader, focusing on the research, development, manufacturing, and integration of advanced technology systems for defense, civil, and commercial applications. Their business model revolves around delivering innovative solutions and maintaining long-term relationships with customers, which include government agencies and commercial enterprises. The company generates revenue through contracts for the design and production of complex systems, along with ongoing support and maintenance services to ensure operational effectiveness.
Gulf Island Fabrication Inc's business model focuses on providing fabrication, maintenance, and construction services to the energy industry, particularly the offshore oil and gas sector.
Sources:
Huntington Ingalls Industries Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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