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Huntington Ingalls Industries Inc   (HII)
Other Ticker:  
 
    Sector  Capital Goods    Industry Aerospace & Defense
   Industry Aerospace & Defense
   Sector  Capital Goods

Huntington Ingalls Industries Inc 's

Competitiveness


 

HII Sales vs. its Competitors Q4 2020



Comparing the results to its competitors, Huntington Ingalls Industries Inc reported Total Revenue increase in the 4 quarter 2020 by 14.3 % year on year.
The sales growth was above Huntington Ingalls Industries Inc 's competitors average revenue growth of 6.75 %, recorded in the same quarter.

List of HII Competitors

With net margin of 9.03 % company achieved higher profitability than its competitors.

More on HII Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Huntington Ingalls Industries Inc Net Income in the 4 quarter 2020 grew year on year by 67.11 %, slower than its competitors income growth of 105.77 %

<<  More on HII Income Comparisons


Huntington Ingalls Industries Inc 's Comment on Competitors 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. Navy's 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. Navy's 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. Navy's 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.





  

Overall company Market Share Q4 2020

Huntington Ingalls Industries Inc achieved revenue growth of 14.3 % in Overall company, and improved market share, to approximate 11.55 %.



<<  More on HII Market Share.
 

*Market share calculated with total revenue.


HII's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Huntington Ingalls Industries Inc 9,361 7,499 696 38,000
General Dynamics Corporation 37,925 48,908 3,167 99,500
Northrop Grumman Corp 36,799 50,372 3,189 64,300
The Manitowoc Company inc 1,443 590 -19 12,300
Gulf Island Fabrication Inc 273 57 -46 1,178
SUBTOTAL 85,801 107,426 6,987 215,278


       
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