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Huntington Ingalls Industries, Inc.

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Huntington Ingalls Industries, Inc. - Aerospace showcase

Year Founded & Workforce

2011

42,000 Employees

Industry

Aerospace

Services

Technical Solutions
H

Huntington Ingalls Industries, Inc. Employee Contacts

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Huntington Ingalls Industries, Inc. Overview

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Founded: 2011

Workforce: ~42,000

Company Working: Huntington Ingalls Industries, Inc. (Huntington Ingalls) is a designer and manufacturer of nuclear and non-nuclear ships. The company operates through three business segments, namely, Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. Huntington Ingalls provides prototyping, maintenance, and repair services for naval ships under its Technical Solutions business segment. The company’s prime customers include the US Navy and Coast Guard.

Strategy

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Company Snapshot

$7,441M

Revenue

42,000

Employees

2011

Founded

Newport News, Virginia, US

Headquarters

SWOT Analysis

Strengths

  • Significant experience in ship manufacturing
  • Established presence in the North American market

Weaknesses

  • No presence in the European market

Opportunities

  • Growth opportunities in developing regions such as Asia-Pacific and the Middle East by acquiring government contracts

Threats

  • Threats from competitors such as Lockheed Martin Corporation and BAE Systems due to large number of military contracts

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Key Developments

DateApproachDevelopment
February 2020AgreementHuntington Ingalls signed an agreement with Titan Acquisition Holdings based in the US. Under the agreement, Huntington Ingalls will sell its San Diego Shipyard to Titan Acquisition Holdings.
October 2017ContractHuntington Ingalls signed a contract worth USD 59.7 million with the US Navy to provide overhaul services for the US Navy’s USS Boise (SSN 764) submarine.
September 2017ContractHuntington Ingalls signed a contract worth USD 2.8 billion with the US Navy to provide overhaul and refueling services for the US Navy’s nuclear-powered aircraft carrier, USS George Washington (CVN 73).
August 2017ContractHuntington Ingalls signed a contract with the US Navy to provide repair services for the US Navy’s guided missile destroyer, USS Fitzgerald (DDG 62).
July 2017ContractHuntington Ingalls signed a contract worth USD 219 million with the US Navy to provide maintenance and modernization services for the US Navy’s USS Columbus (SSN 762) submarine.

Product Offering

  • Huntington Ingalls Industries, Inc.
    • Technical Solutions

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Total Revenue rose from USD 7,441 Mn in 2017 to USD 8,899 Mn in 2019.
Huntington Ingalls Industries, Inc. — By Business Segment
Series (USD Mn)201720182019
Total Revenue7,4418,1768,899

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