Huntington Ingalls Industries (HII) FY2025 results: revenue $12.5 billion, up 8.2% on the year

Huntington Ingalls builds warships for the United States Navy and Coast Guard and sells defence technology services. Its two shipbuilding segments, Ingalls Shipbuilding in Mississippi and Newport News Shipbuilding in Virginia, have between them built more ships in more ship classes than any other United States naval shipbuilder, making it the country's largest. A third segment, Mission Technologies, sells integrated technology products and services. The company is headquartered in Newport News, Virginia and employs over 44,000 people. Most of its business is with the United States government, primarily the Department of War, as prime contractor, principal subcontractor, team member or partner.

Ingalls

The non-nuclear shipyard, on 800 acres along the Pascagoula River in Mississippi, designing and building amphibious assault ships, surface combatants and national security cutters. It is the sole builder of amphibious assault ships and one of two builders of surface combatants for the Navy. Large deck amphibious assault ships and amphibious transport dock ships are both core: it is building Bougainville and Fallujah in the first class, holds a detail design and construction contract for Helmand Province, and is building Harrisburg, Pittsburgh and Philadelphia in the second, with a multi-ship procurement contract awarded in 2024 for three more. It is a design agent for and one of only two builders of Arleigh Burke class guided missile destroyers, having delivered 36 of them including USS Ted Stevens in 2025, with four more under construction. For the Coast Guard it designed the Legend class national security cutter; in 2025 it agreed with the Coast Guard to terminate production of the eleventh and final ship.

Newport News

The nuclear shipyard, on approximately 550 acres near the mouth of the James River. It designs and builds nuclear-powered aircraft carriers and submarines and carries out refuelling, complex overhaul and inactivation of carriers. Carriers are the largest ships in the fleet, displacing over 90,000 tons, and the yard has designed and built more than 31 of them since 1933, including all ten Nimitz class carriers in active service and the first of the Gerald R. Ford class. It is one of only two companies in the United States able to design and build nuclear-powered submarines, and has delivered 65 submarines since 1960, 51 fast attack and 14 ballistic missile.

The submarine teaming arrangement

Virginia class fast attack submarines are built with Electric Boat, a division of General Dynamics. Newport News builds the stern, habitability and machinery spaces, torpedo room, sail and bow; Electric Boat builds the engine room, control room and pressure hull; and work on the reactor plant and the final assembly, test, outfit and delivery alternates between the two. Eighteen boats from the first three blocks have been delivered, eight of the ten Block IV boats have been delivered with the last two in final assembly and test, and Block V now runs to 12 boats after contract modifications in 2023 and 2025. The team has also received advance procurement awards for long-lead material for all ten Block VI boats. On the Columbia class ballistic missile programme, a 12-boat replacement for the Ohio class, Newport News works as a subcontractor to Electric Boat, doing design work and building modules.

Mission Technologies

Four groups. All-Domain Operations designs, integrates and manages the sensors and systems behind command, control, computers, communications, cyber, intelligence, surveillance and reconnaissance work. Warfare Systems covers cybersecurity, network architecture, reverse engineering and software and hardware development for intelligence and cyber operations customers, along with AI and machine learning work. Global Security runs live, virtual and constructive training that connects real environments with simulated threats, maintains and modernises much of the Navy's fleet, and supports Department of Energy national security work. Unmanned Systems is the fourth.

Backlog and people

Total backlog was approximately $53.1 billion at 31 December 2025 against $48.7 billion a year earlier, split between funded orders, where the customer has contractually obligated the money, and unfunded orders, where it has not. It excludes unexercised options and unfunded indefinite delivery orders, and United States government orders make up substantially all of it. Approximately 45% of employees are covered by 13 collective bargaining agreements. Over 1,350 apprentices are enrolled in more than 27 crafts and advanced programmes across the two shipyards, which employ approximately 3,850 apprentice school alumni. There has been no work stoppage in more than 26 years at Newport News and more than 18 years at Ingalls.

From Huntington Ingalls Industries' annual report on Form 10-K for the year ended 31 December 2025. The filing

Written from the 10-K filed 5 February 2026: read the full 10-K.