A Brief History of Huntington Ingalls Industries, Inc. (HII)

Huntington Ingalls Industries, Inc. (HII) has a storied history as one of America's foremost shipbuilders. The company was officially established on March 31, 2011, following a spin-off from Northrop Grumman, but its roots go back over a century.

Ingalls Shipbuilding was founded in 1938 in Pascagoula, Mississippi, by Robert Ingersoll Ingalls Sr. The shipyard quickly gained prominence during World War II, producing a significant number of ships for the U.S. Navy.

Newport News Shipbuilding, another key component of HII, has an even longer history, dating back to its founding in 1886 by Collis Potter Huntington in Newport News, Virginia. This shipyard became renowned for constructing naval vessels, including aircraft carriers and submarines.

These two storied shipyards were merged under Huntington Ingalls Industries, Inc., creating a powerful entity in the shipbuilding industry. HII continues to build a wide range of advanced naval and commercial ships.

• 1938: Ingalls Shipbuilding founded in Pascagoula, Mississippi
• 1886: Newport News Shipbuilding founded in Newport News, Virginia
• 2011: HII established following a spin-off from Northrop Grumman

Today, HII is the largest military shipbuilding company in the United States and plays a critical role in national defense and maritime innovation.

Who Owns Huntington Ingalls Industries, Inc. (HII)

Huntington Ingalls Industries, Inc. (HII) is primarily owned by a mix of institutional investors, mutual funds, and individual shareholders. Founded in 2011 as a spin-off of Northrop Grumman, HII has grown to become a leading American shipbuilding company and defense contractor. The ownership structure of HII is complex and predominantly involves large-scale investment groups. Here are some of the key players:

• Institutional Investors: These include large financial entities such as pension funds, insurance companies, and investment firms. Prominent names often holding substantial shares include The Vanguard Group and BlackRock, among others.
• Mutual Funds: These are investment vehicles pooling resources from various investors to purchase significant shares in companies like HII. Popular mutual funds may include those managed by Fidelity, T. Rowe Price, and other leading fund managers.
• Individual Shareholders: While less substantial in terms of percentage ownership compared to institutional investors, individual shareholders can include company executives, employees, and retail investors who buy shares through stock exchanges.
• Company Executives and Board Members: Top executives and board members of HII often hold shares in the company, either as part of their compensation packages or as personal investments. This aligns their interests with the performance and growth of HII.

These groups collectively influence the strategic direction and governance of HII through their voting rights and ownership stakes. Notable investors often hold enough shares to significantly impact board decisions and corporate policies, ensuring that the company remains aligned with shareholder interests.

Huntington Ingalls Industries, Inc. (HII) Mission Statement

Huntington Ingalls Industries, Inc. (HII) is committed to delivering excellence in all aspects of its business operations to ensure the security and prosperity of the nation. Our mission statement encapsulates our dedication to providing high-quality solutions and services to our customers, primarily in the defense and maritime sectors. We strive to uphold our core values and serve our customers with integrity and innovation.

Key Elements of HII's Mission Statement:

• Excellence: We are dedicated to achieving the highest standards in everything we do.
• Integrity: We conduct our business with the utmost honesty and ethical practices.
• Innovation: We constantly seek new and improved ways to deliver value to our customers.
• Security: We are committed to ensuring the safety and security of our nation through our products and services.
• Customer Focus: We prioritize the needs and expectations of our customers, delivering solutions that meet or exceed their requirements.

Our mission guides us in our pursuit of excellence and is the foundation upon which we build our relationships with customers, partners, and stakeholders. Through our actions and commitments, we aim to contribute to the wellbeing and prosperity of our communities and the nation.

How Huntington Ingalls Industries, Inc. (HII) Works

Founded in 2011, Huntington Ingalls Industries, Inc. (HII) is America's largest military shipbuilding company and a significant provider of professional services to partners in government and industry. The company's operations are structured across different sectors and are streamlined to deliver top-tier shipbuilding and defense products.

HII operates primarily through three divisions:

• Newport News Shipbuilding (NNS): The Newport News Shipbuilding division is known for designing, building, and maintaining aircraft carriers and submarines for the U.S. Navy. They have a long-standing history of delivering nuclear-powered ships and providing invaluable maintenance, overhaul, and refueling services.
• Ingalls Shipbuilding: The Ingalls Shipbuilding division constructs amphibious assault ships, destroyers, and other vessels essential for national security. It is recognized for its innovative approach and efficient production capabilities.
• HII Technical Solutions: This division provides a range of services including defense and federal solutions, nuclear and environmental services, and unmanned systems. It extends HII’s reach beyond shipbuilding by offering technology-driven solutions and support across various sectors.

HII employs a highly skilled workforce that includes engineers, welders, technicians, and other professionals who contribute to the company's diverse operations. The workforce is critical in driving the company's core mission of delivering superior shipbuilding and professional services.

HII’s operations are enhanced by cutting-edge technology and advanced manufacturing techniques. The company invests heavily in research and development to improve shipbuilding processes and incorporate new technologies that bolster the performance and longevity of its products.

Additionally, HII places a strong emphasis on sustainability and environmental stewardship. The company aims to minimize its environmental impact through responsible practices and initiatives that promote resource efficiency and reduce waste.

Through strategic partnerships and a commitment to excellence, HII continues to play a critical role in national security and defense, providing advanced maritime and technical capabilities that meet the evolving needs of its clients.

How Huntington Ingalls Industries, Inc. (HII) Makes Money

Huntington Ingalls Industries, Inc. (HII) is a leading American shipbuilding company that generates revenue through diverse business segments. HII primarily operates through two main divisions: Newport News Shipbuilding and Ingalls Shipbuilding. Additionally, the company has significant interests in Technical Solutions. Below are the key revenue streams for HII:

• Newport News Shipbuilding: This division is the sole designer, builder, and refueler of nuclear-powered aircraft carriers for the U.S. Navy. It also builds nuclear-powered submarines and provides various life-cycle services for naval vessels. The long-term contracts and strategic importance of these ships ensure a consistent revenue stream.
• Ingalls Shipbuilding: Ingalls Shipbuilding constructs non-nuclear ships for the U.S. Navy and Coast Guard. This includes the construction of amphibious assault ships, surface combatants, and national security cutters. The division's work is crucial for national defense, which leads to predictable and significant revenue from government contracts.
• Technical Solutions: This division provides a wide array of services, including fleet support, cyber operations, and information technology to government and commercial customers. The division's services are highly specialized and often customized, making them indispensable for clients' operational efficiency and security, thus generating a reliable source of income.

HII also engages in various programs and initiatives to enhance its technological capabilities and operational efficiency, further solidifying its revenue base. The company’s close relationship with the U.S. government, particularly the Department of Defense, ensures a steady flow of contracts and funding. Additionally, HII's diversified service offerings in the technical and cyber domains contribute significantly to its financial robustness.