Huntington Ingalls Industries (HII) is a global defense partner, primarily building and delivering naval ships and integrated technology solutions. The company is America's largest military shipbuilder, with core operations in nuclear and non-nuclear ship design, construction, repair, and maintenance. HII's Mission Technologies segment develops integrated technology solutions and products. The company's primary customer is the U.S. Government, particularly the Department of Defense. HII has a domestic and international presence with over 44,000 employees. Key competitive advantages include being the sole builder of amphibious assault ships and one of two builders of surface combatants for the U.S. Navy, as well as the exclusive prime contractor for nuclear aircraft carrier refueling and complex overhaul.

• Employees: "44,000+" (as of December 31, 2023)
• Geographic Footprint: Domestic and International
• Headquarters: Newport News, Virginia
• Founded: "N/A"
• Number of locations/facilities: "Multiple, including shipyards and technology facilities"
• Revenue: "$11.45 billion" (FY2023)
• Market Capitalization: "$9.075 billion" (as of June 30, 2023)
• Key Subsidiaries/Brands: Ingalls Shipbuilding, Newport News Shipbuilding, Mission Technologies

• CEO: Christopher D. Kastner
• CFO: Thomas E. Stiehle
• Chief Technology Officer: Todd R. Borkey
• Chief Legal Officer: Chad N. Boudreaux
• Board Chair: Kirkland H. Donald
• Other Key Executives: Jennifer R. Boykin (President, Newport News Shipbuilding), Edgar A. Green III (President, Mission Technologies), Kara R. Wilkinson (President, Ingalls Shipbuilding)

Key leaders have extensive experience in defense, technology, and government sectors.

• Annual Revenue: "$11.45 billion" (FY2023)
• Net Income: "$681 million" (FY2023)
• Market Cap: "$9.075 billion" (as of June 30, 2023)
• Total Assets: "$11.215 billion" (as of December 31, 2023)
• Employees: "44,000+" (as of December 31, 2023)
• Key Financial Highlights: Revenue increased by 7% year-over-year, net income increased by 18% year-over-year.

HII's main product categories and service lines include:

• Naval Ships: Design, construction, repair, and maintenance of nuclear-powered aircraft carriers, submarines, amphibious assault ships, surface combatants, and national security cutters.
• Integrated Technology Solutions: Command, control, communications, cyber, intelligence, surveillance, and reconnaissance (C5ISR) systems, artificial intelligence and machine learning applications, cyberspace strategies, unmanned autonomous systems, live, virtual, and constructive training solutions, fleet sustainment, and critical nuclear operations.
• Nuclear and Environmental Services: Management and operation of Department of Energy sites and safe cleanup of legacy waste.

Flagship offerings include the Gerald R. Ford class aircraft carriers, Arleigh Burke class destroyers, and Columbia class submarines.

HII operates through three main segments:

• Ingalls Shipbuilding: Designs and constructs non-nuclear ships for the U.S. Navy and U.S. Coast Guard.
• Newport News Shipbuilding: Designs and constructs nuclear-powered aircraft carriers and submarines for the U.S. Navy, including refueling and complex overhaul.
• Mission Technologies: Develops integrated technology solutions and products for various defense and government applications.

Revenue breakdown by segment is available in the financial statements.

HII's strategic priorities include maintaining its position as a leading defense contractor, driving operational execution, meeting customer expectations, delivering strong financial performance, advancing innovation, and maintaining a strong quality and compliance program. Key initiatives include workforce development, technology investments, and strategic acquisitions. The company focuses on long-term growth and program continuity through long-term contracts with the U.S. Government. HII is also investing in new technologies and capabilities to address evolving customer needs.

HII operates in the defense industry, primarily competing with General Dynamics and other smaller shipyards. Key market trends include increased defense spending, technological advancements in warfare, and a focus on affordability and efficiency. HII holds a significant market position in naval shipbuilding, particularly in nuclear-powered aircraft carriers and amphibious assault ships. The company also competes with large aerospace and defense companies, including L3 Harris, Amentum, ManTech, and Leidos, in the Mission Technologies segment. Market share information is not explicitly stated.

• Dependence on U.S. Government: HII relies heavily on U.S. Government contracts, which are subject to political and budgetary constraints.
• Changes in Defense Spending: Shifts in defense spending priorities and budgetary constraints could negatively impact HII's revenue and growth.
• Contract Performance: Cost overruns, delays, and technical challenges in complex shipbuilding projects could impact profitability.
• Competition: Intense competition in shipbuilding and technology markets could reduce HII's market share and revenue.
• Cybersecurity Risks: HII faces significant cybersecurity threats, which could disrupt operations and compromise sensitive information.