HII leaders outline “path for success” at Investor Day

HII hosted an Investor Day event on March 20 at the New York Stock Exchange.

HII Highlights reported that the three-hour presentation was an opportunity for HII’s leaders to outline “a path for the company’s success.”

New York, NY: Huntington Ingalls Industries, Inc. Investor Day at the New Stock Exchange

Here are 10 of the standout quotes highlighting Mission Technologies’ performance, capabilities and strategy.

 HII President and CEO Chris Kastner:

“I’ve been part of HII since it started. I was CFO down at Ingalls, went through increasing the margin rate down there with an amazing team. I ran strategy for Mike [Petters] and was Mike’s CFO and COO, and now the CEO. I feel better now than I ever have about this company and the outlook for the company.”

“We’ll continue to grow Mission Technologies. We’re in the exact right markets: LVC, unmanned, C5ISR, electronic warfare, nuclear, fleet support. We’re in the exact right markets to grow.”

“I have a lot of confidence that by the end of the decade we’re going to be a $15 billion company—organically—and in the next five years, generating $3.6 billion in cash. We’ve got a really good line of sight into that.”

Mission Technologies President Andy Green:

“A lot of people know HII as a shipbuilder, but this is about elevating HII’s brand so people look at us and think of HII as synonymous with advanced technology solutions. So when customers have a problem, they know they can go to HII, and we’re going to leverage the most advanced technologies out there to provide the best solution possible.”

“We’ve come a long way since we created the division in late 2016. If you recall, we were a little over 600 million in revenue. We’re up to 2.7 billion now. This portfolio is vastly different from where we were several years ago. And like Chris has said, we took some very deliberate actions in shaping this portfolio over the past few years to make sure that we are aligned with national defense priorities in the national defense strategy.”

“Our job is to make sure that we execute on the existing business, stay focused on our customer, and make sure that we can continue to expand business with existing customers, but also make sure we can defend recompetes as they come up.”

Chief Financial Officer Tom Stiehle:

“From a Mission Technologies perspective, margin expansion will occur by evolving over time both the portfolio contract mix and content. Currently, over 80% of the contracts are cost-type in Mission Technologies, which kind of limits profitability. We have focused on complementing, not replacing, our existing portfolio—that existing portfolio with additional work that has more fixed-price work and has more technology and company intellectual property, which can generate higher margin rates.”

Chief Technology Officer Todd Borkey:

“One of the great reasons Andy has J-NEEO and $6 billion of achievements in 2023 is the business model we have in Mission Technologies. We bring models, analysts, data and analysts alongside the DOD, and we do turn-key solutions for technology transition. It’s a great model for the coming period.”

“Make no mistake: Cyber is being modified by the speed of AI. Command and control are being accelerated by the speed of AI. Unmanned is helping us today not only prep the battlespace, but also conduct a wide range of new missions to make existing platforms more capable. … Unmanned technologies are going to proliferate across manned platforms as well in the coming period, and you will see human-machine teaming take place at an unprecedented level.”

Eric Chewning, Executive Vice President, Strategy and Development:

“In addition to our ability to do [AUKUS] Pillar 1, we have Pillar 2, and as Andy and Chris both indicated, the priority areas for Pillar 2 fit very well within Mission Technologies: advanced cyber, artificial intelligence, autonomy, data-sharing, defense innovation, electronic warfare, and undersea.”

Watch Mission Technologies’ investor day video on YouTube.