Huntington Ingalls Industries
OverviewSuggest Edit
Huntington Ingalls Industries (HII) is a military shipbuilding company and a provider of professional services to the governmental, energy, and oil and gas markets. It is organized into 3 reportable segments: Ingalls Shipbuilding ("Ingalls"), Newport News Shipbuilding ("Newport News"), and Technical Solutions. The Ingalls segment is engaged in building amphibious assault and expeditionary warfare ships, as well as fleet of Arleigh Burke class (DDG 51) destroyers. The Newport News segment designs, builds, and refuels nuclear-powered aircraft carriers and submarines. The Technical Solutions segment provides a range of professional services, including fleet support, mission-driven innovative solutions ("MDIS"), nuclear and environmental, and oil and gas services.
| Type | Public | |
| Founded | 2011 | |
| HQ | Newport News, VA, US | Map |
| Website | huntingtoningalls.com | |
| Employee Ratings | More | |
| Overall Culture | B | More |
Recent NewsAll News
- Huntington Ingalls Industries Awards 208 Scholarships for the 2021-2022 School Year Through Annual Scholarship Fund
- Photo Release - Huntington Ingalls Industries Names Stewart Holmes As Executive Vice President, Government and Customer Relations
- Photo Release — Huntington Ingalls Industries Announces New Chief Information Officer For Its Technical Solutions Division
- Photo Release Huntington Ingalls Industries Announces New Chief Information Officer For Its Technical Solutions Division
Key People/Management at Huntington Ingalls Industries
Kirkland H. Donald
Chairman of the Board
Bharat Amin
Executive Vice President and Chief Information Officer
Chad Boudreaux
Executive Vice President and Chief Legal Officer
Jennifer Boykin
Executive Vice President and President, Newport News Shipbuilding
Bill Ermatinger
Executive Vice President and Chief Human Resources Officer
Andy Green
Executive Vice President and President, Technical Solutions
Huntington Ingalls Industries Office Locations
Huntington Ingalls Industries has offices in Newport News, Bourne, Pascagoula and Virginia Beach
Newport News, VA, US (HQ)
4101 Washington Ave
Bourne, MA, US
1 Henry Dr, Pocasset
Newport News, VA, US
11815 Fountain Way #500
Pascagoula, MS, US
1000 Jerry St. Pé Hwy.
Virginia Beach, VA, US
5701 Cleveland St #400
Huntington Ingalls Industries Financials and Metrics
Huntington Ingalls Industries Revenue
Huntington Ingalls Industries's revenue was reported to be $9.36 b in FY, 2020 which is a 5.2% increase from the previous period.
| USD | |
|---|---|
Revenue (Q2, 2021) | 2.2b |
Gross profit (Q2, 2021) | 322.0m |
Gross profit margin (Q2, 2021), % | 14.4% |
Net income (Q2, 2021) | 129.0m |
EBIT (Q2, 2021) | 128.0m |
Market capitalization (23-Sept-2021) | 7.7b |
Closing stock price (23-Sept-2021) | 194.5 |
Cash (30-Jun-2021) | 348.0m |
EV | 9.2b |
Huntington Ingalls Industries's current market capitalization is $7.7 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.9b | 2.0b | 2.1b | 2.1b | 2.2b | 2.2b | 2.3b | 2.0b | 2.3b | 2.3b | 2.2b |
Cost of goods sold | 1.5b | 1.6b | 1.6b | 1.8b | 1.8b | 1.8b | 1.8b | 1.3b | 1.9b | 1.9b | 1.9b |
Gross profit | 379.0m | 452.0m | 490.0m | 328.0m | 354.0m | 417.0m | 423.0m | 167.0m | 436.0m | 342.0m | 322.0m |
Gross profit Margin, % | 20% | 22% | 24% | 16% | 16% | 19% | 19% | 8% | 19% | 15% | 14% |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 528.0m | 398.0m | 68.0m | 51.0m | 29.0m | 32.0m | 28.0m | 631.0m | 744.0m | 407.0m | 348.0m |
Accounts Receivable | 343.0m | 364.0m | 472.0m | 375.0m | 564.0m | 489.0m | 418.0m | 494.0m | 492.0m | 407.0m | 443.0m |
Prepaid Expenses | 87.0m | 138.0m | 100.0m | 119.0m | 145.0m | 147.0m | 40.0m | 43.0m | 42.0m | 66.0m | 64.0m |
Inventories | 188.0m | 174.0m | 180.0m | 127.0m | 126.0m | 139.0m | 154.0m | 160.0m | 152.0m | 142.0m | 139.0m |
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 156.0m | 395.0m | 624.0m | 118.0m | 246.0m | 400.0m | 172.0m | 225.0m | 447.0m | 148.0m | 277.0m |
Depreciation and Amortization | 51.0m | 105.0m | 160.0m | 53.0m | 107.0m | 163.0m | 59.0m | 118.0m | 177.0m | 65.0m | 128.0m |
Inventories | (5.0m) | 9.0m | 3.0m | (2.0m) | (1.0m) | (14.0m) | (6.0m) | (13.0m) | (5.0m) | (5.0m) | (3.0m) |
Accounts Payable | 56.0m | 78.0m | 109.0m | 147.0m | 107.0m | 147.0m | 46.0m | 172.0m | 315.0m | 116.0m | (32.0m) |
| USD | FY, 2017 |
|---|---|
Revenue/Employee | 199.3k |
Debt/Equity | 0.9 x |
Debt/Assets | 0.3 x |
Financial Leverage | 3.6 x |
Huntington Ingalls Industries Operating Metrics
Huntington Ingalls Industries's Backlog was reported to be $47.7b in Q2, 2021.
| FY, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | FY, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | FY, 2020 | Q1, 2021 | Q2, 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Backlog | $23 b | $40.6 b | $39.38 b | $39.23 b | $46.5 b | $45.2 b | $46.1 b | $45.35 b | $46.02 b | $48.83 b | $47.74 b |
Backlog Funded | $17.05 b | $19.95 b | $18.9 b | $17.8 b | $17.91 b | $20.76 b | $21.35 b | $21.91 b | $20.48 b | $24.59 b | $24 b |
Backlog Unfunded | $5.95 b | $20.65 b | $20.48 b | $21.43 b | $28.58 b | $24.4 b | $24.72 b | $23.44 b | $25.54 b | $24.24 b | $23.74 b |
Backlog Funded (Ingalls) | $9.94 b | $10.83 b | $10.34 b | $9.71 b | $9.06 b | $9.46 b | $10.09 b | $11.19 b | $10.44 b | $10.52 b | $11.08 b |
Huntington Ingalls Industries Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Fulcrum app | January 18, 2019 | |
| G2 | December 03, 2018 | |
| Camber Corporation | November 02, 2016 | |
| Engineering Solutions - The Columbia Group | January 30, 2015 | |
| UniversalPegasus International | May 16, 2014 | |
| The S.M. Stoller Corporation. | January 02, 2014 | |
| AC Technologies, Inc. | ||
| Avondale Engineering & Construction Company | ||
| CyberCENTS Solutions LLC | ||
| Fleet Services Holding Corp. |
Huntington Ingalls Industries Revenue Breakdown
Huntington Ingalls Industries revenue breakdown by business segment: 28.1% from Ingalls , 58.5% from Newport News and 13.3% from Technical Solutions
Huntington Ingalls Industries Cybersecurity Score
Huntington Ingalls Industries Online and Social Media Presence
8.89k Twitter followers
Huntington Ingalls Industries has 8.89k Twitter Followers. The number of followers has increased 1.1% month over month and increased 2.4% quarter over quarter
Huntington Ingalls Industries's Trends
Twitter Engagement Stats for @HIIndustries
18.5k
Tweets
1.4k
Following
8.9k
Followers
6
Tweets last 30 days
11.2
Avg. likes per Tweet
100%
Tweets with engagement
Huntington Ingalls Industries Company Culture
Overall Culture
B
69/100
CEO Rating
B
70/100
Compensation
C+
65/100
Huntington Ingalls Industries News and Updates
September 14, 2021
Huntington Ingalls Industries Awards 208 Scholarships for the 2021-2022 School Year Through Annual Scholarship Fund
NEWPORT NEWS, Va., Sept. 14, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE: HII) announced today that the HII Scholarship Fund, now in its sixth year, has awarded 100 new scholarships for the 2021-2022 school year. Additionally, the fund renewed 108 previously active scholarships. T…
September 03, 2021
Photo Release - Huntington Ingalls Industries Names Stewart Holmes As Executive Vice President, Government and Customer Relations
NEWPORT NEWS, Va., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE: HII) announced today that Stewart Holmes has been named executive vice president, government and customer relations, succeeding Mitch Waldman, who will retire on Sept. 30.
August 30, 2021
Photo Release — Huntington Ingalls Industries Announces New Chief Information Officer For Its Technical Solutions Division
NEWPORT NEWS, Va., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that Chris Soong has been named as chief information officer for its Technical Solutions division. He will report to Bharat Amin, HII’s executive vice president and chief information offic…
August 30, 2021
Photo Release Huntington Ingalls Industries Announces New Chief Information Officer For Its Technical Solutions Division
Huntington Ingalls Industries (NYSE:HII) announced today that Chris Soong has been named as chief information officer for its Technical Solutions division. He will report to Bharat Amin, HII’s executive vice president and chief information officer, and also will have reporting responsibilities to An…
August 25, 2021
Multimedia Release — Huntington Ingalls Industries Celebrates Ceremonial First Cut of Steel for the Aircraft Carrier Doris Miller (CVN 81)
NEWPORT NEWS, Va., Aug. 25, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) hosted a ceremonial event today at its Newport News Shipbuilding division that marked the first construction milestone in the life of the aircraft carrier Doris Miller (CVN 81).
August 25, 2021
Huntington Ingalls Industries Technical Solutions Division Announces New Business Groups and Executives
Huntington Ingalls Industries (NYSE: HII) announced new business groups and executive appointments within its Technical Solutions division, on the heels of the successful acquisition of Alion Science and Technology.
Huntington Ingalls Industries Blogs
August 25, 2021
Huntington Ingalls Industries Technical Solutions Division Announces New Business Groups and Executives
NEWPORT NEWS, Va., (Aug. 25, 2021) -- Huntington Ingalls Industries (NYSE: HII) announced new business groups and executive appointments within its Technical Solutions division, on the heels of the successful acquisition of Alion Science and Technology.
The new business groups include:
Intelli…
August 02, 2021
Photo Release — Newport News Shipbuilding division progresses construction activities on the aircraft carrier John F. Kennedy (CVN 79)
Newport News Shipbuilding division is progressing through construction of the aircraft carrier John F. Kennedy (CVN 79) turning over more than 500 of the total 2,615 compartments, including the machine room which is one of the larger spaces. The completed spaces allow sailors to begin training on t…
March 12, 2021
Newport News Shipbuilding Employees Honored at 3rd Annual Virginia Department of Labor and Industry’s Outstanding Apprentice Awards Conference
p>NEWPORT NEWS, Va., March 12, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that seven employees from The Apprentice School at Newport News Shipbuilding were selected by the Virginia Department of Labor and Industry as Outstanding Apprentices of the Year for…
March 09, 2021
Photo Release -- Virginia-Class Submarine New Jersey Construction Advances with Pressure Hull Complete Milestone
The Virginia-class submarine New Jersey (SSN 796) reached pressure hull complete in February 2021. The construction milestone signifies that all of the submarine’s hull sections have been joined to form a single, watertight unit. The boat is currently 72% complete. Photo by Matt Hildreth/HII
NEWP…
March 03, 2021
Photo Release — Huntington Ingalls Industries Launches Virginia-Class Submarine Montana (SSN 794)
The Virginia-class submarine Montana (SSN 794) has been launched into the James River and moved to Newport News Shipbuilding division’s submarine pier for final outfitting, testing and crew certification. Photo by Ashley Cowan/HII
NEWPORT NEWS, Va. (March 3, 2021) -- Huntington Ingalls Industries…
January 20, 2021
Huntington Ingalls Industries Awards More Than $99,000 in STEM Grants to Gulf Coast Schools
PASCAGOULA, Miss., Jan. 20, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries’ (NYSE: HII) Ingalls Shipbuilding division has awarded $99,890 in grants to 26 schools and educational organizations in Mississippi and Alabama for science, technology, engineering and math initiatives.
“The educator…
Huntington Ingalls Industries Frequently Asked Questions
When was Huntington Ingalls Industries founded?
Huntington Ingalls Industries was founded in 2011.
Who are Huntington Ingalls Industries key executives?
Huntington Ingalls Industries's key executives are Kirkland H. Donald, Bharat Amin and Chad Boudreaux.
How many employees does Huntington Ingalls Industries have?
Huntington Ingalls Industries has 42,000 employees.
What is Huntington Ingalls Industries revenue?
Latest Huntington Ingalls Industries annual revenue is $9.4 b.
What is Huntington Ingalls Industries revenue per employee?
Latest Huntington Ingalls Industries revenue per employee is $222.9 k.
Who are Huntington Ingalls Industries competitors?
Competitors of Huntington Ingalls Industries include BWX Technologies, Hyundai Heavy Industries and General Dynamics.
Where is Huntington Ingalls Industries headquarters?
Huntington Ingalls Industries headquarters is located at 4101 Washington Ave, Newport News.
Where are Huntington Ingalls Industries offices?
Huntington Ingalls Industries has offices in Newport News, Bourne, Pascagoula and Virginia Beach.
How many offices does Huntington Ingalls Industries have?
Huntington Ingalls Industries has 5 offices.
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