Investigate / HII
Understand HUNTINGTON INGALLS INDUSTRIES, INC.
Can HII keep performing on its long-running ship programs while depending almost entirely on U.S. Government funding and priorities?
Snapshot reviewed 2026-10-03. Source published 2026-07-30. No account needed.
AI-assisted synthesis of selected public filings, checked against the cited excerpts. Not a complete analysis.
This is a research starting point, not a buy/sell recommendation or a current valuation. New developments after these sources are not incorporated automatically.
Ownership-page coverage is not available for this company. That does not mean no tracked investor owns it.
Your research workspace / HII
Ask better questions. Keep the evidence.
Explore the available sources for HUNTINGTON INGALLS INDUSTRIES, INC., then keep what deserves another look.
01 Investor activity
Ownership coverage is unavailable—not zero owners.
02 Business evidence
Reported evidence
What does the company do?
HII primarily supplies the U.S. Government with nuclear and non-nuclear ship design, construction, overhaul, repair and maintenance.
Latticework interpretation
What could support the case?
If requested shipbuilding funding is enacted, aircraft-carrier, refueling and other ship programs could support demand; a budget request is not an enacted appropriation.
Latticework interpretation
What could break the case?
If the government terminates contracts, HII could lose future work and expected profit beyond the amounts recoverable under the contract.
03 Questions to investigate
Open saved takeaways →Read the full company brief
1. Understand the business
HII primarily supplies the U.S. Government with nuclear and non-nuclear ship design, construction, overhaul, repair and maintenance.
Source: Annual filing · business description ↗2. What the reported results show
Latest source: 10-Q, reporting period ended 2026-06-30. Selected reported US-GAAP/USD comparisons. The period and basis of each measure are shown separately; year-to-date cash flow is not a quarterly figure. Missing comparisons are collection gaps, not evidence that a company has no revenue or earnings.
| Measure | Current | Prior year |
|---|---|---|
| Revenue ↗Quarter: 2026-04-01–2026-06-30; prior 2025-04-01–2025-06-30Both values reported in the current filing. | $3,418m | $3,082m |
| Operating income ↗Quarter: 2026-04-01–2026-06-30; prior 2025-04-01–2025-06-30Both values reported in the current filing. | $210m | $163m |
| Net income ↗Quarter: 2026-04-01–2026-06-30; prior 2025-04-01–2025-06-30Both values reported in the current filing. | $208m | $152m |
| Operating cash flow ↗Six months (year to date): 2026-01-01–2026-06-30; prior 2025-01-01–2025-06-30Both values reported in the current filing. Operating cash flow is not free cash flow or a standalone solvency assessment; inspect the full statement. | −$421m | $428m |
Comparison caveat: Half-year operating cash became negative primarily because of program-billing timing and an unfavorable working-capital change. It is not solely a comparison of recurring operating earnings.
10-Q · latest checked financial statements and discussion ↗3. The investment debate
Latticework interpretation of the reported results—not the stated motives of any investor.
What could support the case
If requested shipbuilding funding is enacted, aircraft-carrier, refueling and other ship programs could support demand; a budget request is not an enacted appropriation.
Supporting filing ↗The strongest caution
If the government terminates contracts, HII could lose future work and expected profit beyond the amounts recoverable under the contract.
Caution evidence ↗An interesting business is not necessarily an attractive investment at today's price. Price, dilution, financing terms and a valuation range still need investigation.
Inspect the evidence behind both sides ↗4. Three questions worth investigating
Use these to guide your research, not as conclusions that have already been proved.
How exposed is HII to the funding process?
Starting evidence: Programs depend on annual Congressional appropriations, and costs beyond existing funding may not be reimbursed unless additional funds are appropriated.
Investigate next: Verify current appropriations first, then review funded versus unfunded backlog, program commitments and reimbursement of work beyond authorized funding.
Read the supporting filing ↗How concentrated is HII in a few customers and programs?
Starting evidence: Substantially all revenue comes from products and services sold to the U.S. Government, which is expected to continue.
Investigate next: Compare revenue concentration by program, and by Navy versus Coast Guard versus other customers, in the full filing.
Read the supporting filing ↗What is the impact of the terminated Coast Guard ship?
Starting evidence: The company reached agreement to terminate production and delivery of the eleventh and final national security cutter, showing program changes can occur.
Investigate next: Check termination terms, any recovered costs, and effects on Ingalls workload and margins.
Read the supporting filing ↗5. Decide what to do next
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