Dear HII Teammates,
This morning we reported third quarter revenues of $3.5 billion, segment operating income of $262 million, and new contract awards of $32.4 billion. Taken together, the quarterly results demonstrate strong operational execution and continued robust demand. Our priority across HII is a disciplined finish to the year and sustained momentum into 2027.
You can read the full financial results in our news release.
Each of our divisions achieved significant milestones in support of our customer:
During the quarter, Ingalls Shipbuilding christened George M. Neal (DDG 131), the fourth Flight III Arleigh Burke-class guided missile destroyer built at Ingalls. Demonstrating continued capacity expansion, Ingalls erected the first outsourced grand blocks onto the hull of guided missile destroyer Thad Cochran (DDG 135) and expanded the yard’s distributed shipbuilding strategy to include modular unit construction of amphibious ships. The HII team advanced its use of automation technologies by expanding on existing agreements with Path Robotics and GrayMatter Robotics, and an intelligent mechanized welding pilot with HD Hyundai Heavy Industries.
Ingalls continues to prepare three ships for delivery in coming months, including amphibs Harrisburg (LPD 30) and Bougainville (LHA 8), as well as destroyer Jeremiah Denton (DDG 129).
During the quarter Mission Technologies achieved a book-to-bill of 2.4x, indicating strong demand for our products. The division won a contract for 10 ROMULUS unmanned surface vessels and an option year contract for U.S. Navy Lionfish small unmanned undersea vehicle production utilizing our REMUS line of UUVs, demonstrating HII’s continued leadership in unmanned systems and maritime autonomy. Mission Technologies also earned a $2.2 billion contract to advance U.S. surveillance and intelligence capabilities for the U.S. Southern Command.
Newport News Shipbuilding was awarded contracts for the construction of Block VI Virginia-class and Build II Columbia-class submarines. The division was also awarded a long-lead time materials contract for CVN 82 as well as a contract for the midlife refueling and complex overhaul (RCOH) of USS Harry S. Truman (CVN 75). NNS shipbuilders are already hard at work on the carrier’s RCOH, as the ship arrived just a day after receiving the award. NNS also achieved preliminary acceptance of Ford-class aircraft carrier John F. Kennedy (CVN 79).
With the latest contract awards, we now have tremendous visibility into our shipbuilding revenue through 2030. Our focus is squarely on execution: improving throughput, growing our workforce, and delivering the ships and technologies our nation needs. Thank you for a successful third quarter. Let’s keep up this momentum as we close out 2026.
Respectfully,
Chris
