Huntington Ingalls Industries, Inc.

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

Key Developments

Date	Approach	Development
February 2020	Agreement	Huntington 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 2017	Contract	Huntington 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 2017	Contract	Huntington 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 2017	Contract	Huntington 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 2017	Contract	Huntington 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

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