Huntington Ingalls Industries Inc.
HII Reports Fourth Quarter 2024 Results
Summary
Huntington Ingalls Industries, Inc. (HII) reported its financial results for the quarter and full year ended December 31, 2024. The company's revenues were $3.0 billion for the quarter and $11.5 billion for the full year, showing a slight increase over 2023. However, diluted earnings per share for the quarter were $3.15, significantly lower than $6.90 in the same period of 2023. HII also reported a backlog of $48.7 billion at year-end and made critical shipbuilding milestones, including the delivery of the Virginia-class submarine New Jersey (SSN 796) and the amphibious transport dock Richard M. McCool Jr. (LPD 29). Additionally, Mission Technologies secured awards with a total contract value of over $12 billion in 2024.
Profitelligence Alerts
Get alerts for HII
Be first to know when Huntington Ingalls Industries Inc. files with the SEC.
Filing Categories
Exhibits (2)
Advertisement
About Huntington Ingalls Industries Inc.
Huntington Ingalls Industries Inc. operates as a comprehensive shipbuilding company specializing in designing, building, and maintaining nuclear and non-nuclear ships globally. As America's largest military shipbuilding firm, Huntington Ingalls plays a critical role in the defense industry by constructing and maintaining a considerable portion of the U.S. Navy and Coast Guard's fleet. Established in 2011 and headquartered in Newport News, Virginia, the company extends its expertise to complex logistics, design, engineering, and construction of naval vessels such as aircraft carriers, submarines, and amphibious assault ships. Huntington Ingalls' influence is notable across defense, national security, and marine engineering sectors. The company also diversifies with its technical solutions segment, offering wide-ranging services including unmanned systems, nuclear support, and oil and gas engineering. This diversification solidifies its position within both defense and broader industrial realms, ensuring resilience in fluctuating economic conditions and technological advancements.
Official SEC Documents
Advertisement