Huntington Ingalls Industries, Inc.

Company facts

Industry

Ship & Boat Building & Repairing

Headquarters

Newport News, Virginia

Most recent report

10-Q, filed Jul 30, 2026

Incorporated

Delaware

Filings on record

1,002+ filings

On EDGAR

CIK 1501585

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 1 positive, 4 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Financial statements show earnings growth but cash collapsed; multiple flags.
  Notable

  • No share repurchases in H1 2026 despite $3.8B authorization through 2028.
  • Remaining performance obligations $57.3B as of June 30, 2026, up from $54.0B at March 31, 2026.
  • Net contract assets surged $926M from Dec 2025 to Jun 2026, hitting $1.46B, driving cash burn.
  Negative

  • Unfavorable catch-up adjustment of $48M on refueling of carrier George Washington in Q2 2026.
  • Insurance claim: lower court granted summary judgment against HII in April 2026; company appealed.
  • Newport News welding quality issues from 2024 still unresolved; could lead to suspension/debarment.

• Management's Discussion (Item 2)

  Major revenue/earnings growth but cash flow swung deeply negative; large backlog.
  Positive

  • Backlog at $57.3B, up $4.2B from year-end; $10.7B in new H1 awards.
  Notable

  • FY2027 budget requests $65.8B for shipbuilding, includes first Trump-class battleship funding.

What changed: Jun 2026 vs. Mar 2026

About 13% of HII's Jun 2026 10-Q is new information. 36 paragraphs were added, 115 changed, and 16 removed. Below are the most important lines SECSift identified.

• Item 2 63
• Item 1 46
• Item 5 4
• Item 3 1
• Item 4 1
• Item 6 1