HUNTINGTON INGALLS INDUSTRIES, INC.

HII announced that its Mission Technologies division has secured a $2.2 billion task order from the U.S. Southern Command (SOUTHCOM). The contract, known as STRINGRAI, aims to enhance SOUTHCOM's capabilities in detecting, monitoring, and disrupting illicit activities across Central America, South America, and the Caribbean. This award, under the GSA ASTRO IDIQ contract, includes a one-year base period and six option years, strengthening U.S. homeland security and national interests.

HII announced that the U.S. Defense Innovation Unit (DIU) has officially recognized the successful completion of the company’s Production-Ready, Inexpensive, Maritime Expeditionary (PRIME) prototype project. This project features the Watcher small Unmanned Surface Vessel (sUSV), which is based on HII’s ROMULUS-25 and powered by its Odyssey Autonomous Control System. Following successful sea testing of two autonomous Watcher ROMULUS-25 vessels in December 2025, the sUSV is now positioned for a potential transition to production, reinforcing HII's leadership in autonomous maritime systems.

HII announced long-term performance-based production agreements with High-Yield Production Robotics (HYPR) team members GrayMatter Robotics and Path Robotics. These agreements are designed to accelerate the development and deployment of advanced physical AI automation across U.S. Navy shipbuilding programs, including aircraft carriers, submarines, and destroyers. HII intends to award up to $900 million in total shipbuilding work to Path Robotics and GrayMatter Robotics over seven years, contingent on meeting technology and performance milestones. This strategic investment aims to strengthen industrial base resilience, expand shipbuilding capacity, and unlock new production efficiencies.

HII and HD Hyundai Heavy Industries (HHI) are advancing their strategic partnership by launching a pilot program to implement intelligent mechanized welding equipment at HII’s Ingalls Shipbuilding division. This initiative expands Ingalls’ existing automation and technology strategy, building on a 2025 memorandum of understanding between the two companies. The new systems are designed to make welding safer and more efficient, automatically recognizing workpieces, correcting positions, and capturing process data to support quality control and improvement.

HII announced the appointment of Chris Helton as vice president of infrastructure and sustainability at its Newport News Shipbuilding (NNS) division. In this new role, Helton will be responsible for infrastructure modernization, facilities, environmental health and safety, and security at NNS, reporting to Karey Malyszko. Helton brings 35 years of shipbuilding experience from HII's Ingalls Shipbuilding division, where he held various leadership positions and played a key role in post-Hurricane Katrina recovery efforts. He will begin his new position on August 31.

Huntington Ingalls Industries reported strong financial results for the second quarter and first half of 2026. Second-quarter net earnings increased by 36.8% to $208 million, with revenue rising 10.9% to $3.418 billion. For the first six months, net earnings grew 18.6% to $357 million on a 12.1% increase in revenue to $6.517 billion. Despite the strong earnings, net cash used in operating activities for the first half was $421 million, a significant decrease from the prior year.

HII reported strong second quarter 2026 financial results, with revenues increasing by 10.9% to $3.4 billion and diluted earnings per share rising by 36.5% to $5.27. The company raised its full-year 2026 shipbuilding revenue guidance to between $10.2 billion and $10.4 billion and increased the low end of its shipbuilding operating margin guidance. HII secured $6.7 billion in new contract awards, bringing its total backlog to $57.3 billion.

HII announced that its Newport News Shipbuilding division, as part of the U.S. nuclear submarine shipbuilding team, has been awarded significant contracts. The U.S. Navy modified contracts totaling approximately $76.6 billion to HII and General Dynamics Electric Boat for the construction of five additional Columbia-class and nine additional Virginia-class submarines. The funding also includes support for shipyard infrastructure, with NNS serving as the delivery yard for six Virginia-class submarines and constructing module sections for the Columbia-class program.

HII's Board of Directors has declared a quarterly cash dividend of $1.38 per share. This dividend is scheduled to be paid on September 11, 2026, to shareholders who are on record as of the close of business on August 28, 2026. HII is America's largest shipbuilder and a leading provider of all-domain mission technologies.

HII's Ingalls Shipbuilding division has expanded its distributed shipbuilding strategy to include modular unit construction for the U.S. Navy’s amphibious transport dock program, beginning with Philadelphia (LPD 32). This move aims to increase throughput and support the national industrial base by shifting selected structural units to trusted partners, allowing Ingalls to focus on complex assembly. The company plans to increase outsourced shipbuilding hours by another 30% in 2026, with amphibious ships contributing significantly to this growth.