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Huntington Ingalls IndustriesLargest US shipbuilder. Newport News (Virginia + Columbia subs, Ford-class CVN) + Ingalls (DDG-51, LPD-17, LHA-class amphibs) + Mission Technologies.
| Segment | FY 2023 Deliveries + Milestones | FY 2024 Deliveries + Milestones |
|---|---|---|
| Newport News (Virginia + Columbia + CVN) | 1 Virginia-class SSN; CVN-79 Kennedy construction continuing; CVN refueling work | 1 Virginia-class SSN; CVN-79 Kennedy advancing toward 2025 delivery; Columbia-class early-phase modules |
| Ingalls (DDG-51 + LPD-17 + Coast Guard NSC) | 2 DDG-51 Arleigh Burke destroyers; 1 LPD-17 amphib; National Security Cutter program continuing | 2 DDG-51 destroyers; LPD-17 Flight II ramping; NSC program winding down with final hulls |
| Mission Technologies (cyber + C5ISR + IT) | Multi-year cost-plus contracts; no unit-delivery metric; revenue ~$2.7B | Continued growth in unmanned + cyber + IT modernization; revenue ~$2.9B+ |
| Submarine industrial base status | Virginia-class delivery rate ~1.2 to 1.4 per year vs Navy stated demand of 2/year; labor + supplier constraints binding | Navy SIB funding accelerating; HII + Electric Boat continuing capacity investments; ramp to 2/year targeted late-decade |
| Editorial. Why this matters | Strategic context | HII is the most-binding industrial constraint on US Navy fleet expansion. The Virginia-class + Columbia-class submarine programs are critical to US strategic deterrent + Indo-Pacific posture vs China. Marquee strategic question: does the Navy + HII + Electric Boat partnership unlock the 2-Virginia-per-year cadence by 2028-2030, or does the industrial base continue to deliver below stated demand? |
FY 2018-FY 2030 target
2021-Q2-2026-Q1
2011-2025
$HII
Largest US shipbuilder. Newport News Shipbuilding (Virginia + Columbia subs, Ford-class CVN) + Ingalls Shipbuilding (DDG-51 Arleigh Burke, LPD-17, LHA-class amphibs) + Mission Technologies (services). $11.5B FY2024 revenue. Submarine industrial base capacity is the key bottleneck for Columbia + Virginia + AUKUS.
Key Milestones
Newport News Shipbuilding founded 1886; builds USS Saratoga, Yorktown, Enterprise (CV-6) WWII carriers, all post-1960 US nuclear carriers. Ingalls Shipbuilding (Pascagoula MS) founded 1938.
Spinoff from Northrop Grumman complete Mar 31 2011; HII becomes independent largest US military shipbuilder NYSE-listed
USS Gerald R. Ford (CVN-78) lead Ford-class carrier delivered to Navy after years of fixed-price Newport News build
Acquires Hydroid Inc for $350M; UUV (unmanned undersea vehicles) entry: REMUS family becomes Navy LDUUV foundation.
Acquires Alion Science & Technology for $1.65B; creates Mission Technologies services division
Block V Virginia-class submarine first SSN-803 begins fabrication at Newport News with Virginia Payload Module
AUKUS Pillar I announcement: Newport News slated to deliver 3 Virginia-class SSNs to Australia 2032-2035
Mission Technologies wins $3B Naval Sea Systems Command engineering contract; services revenue mix grows
USS John F. Kennedy (CVN-79) delivery delayed to 2025 due to advanced weapons elevator + arresting gear issues
Submarine Industrial Base (SIB) workforce hiring program expands; targeting 5,000+ new shipyard workers across HII/EB
Columbia-class SSBN module deliveries from Newport News begin; teaming with Electric Boat under integrated build plan
Backlog reaches $50B; Navy 30-year shipbuilding plan targets $11B+/yr in HII volume through 2034
Constellation-class FFG-62 frigate program design changes finalized; HII sub-contractor on Marinette Marine lead build but supplies critical modules.
USS John F. Kennedy (CVN-79) delivers to Navy after multi-year delays; Enterprise (CVN-80) construction milestones accelerate.
