HUNTINGTON INGALLS INDUSTRIES Business Summary

Huntington Ingalls Industries (HII) operates as the United States' largest independent military shipbuilder, generating the vast majority of its $12.5 billion annual revenue through long-term, cost-plus and fixed-price government contracts with the U.S. Navy and Coast Guard. The company is organized into three primary business segments: Newport News Shipbuilding, the nation’s sole designer and builder of nuclear-powered aircraft carriers; Ingalls Shipbuilding, which produces non-nuclear vessels including amphibious assault ships and Arleigh Burke-class destroyers; and Mission Technologies, a high-growth division focused on unmanned systems, C5ISR, and AI-driven defense solutions. HII maintains a dominant market position as a critical pillar of the U.S. defense industrial base, competing primarily with General Dynamics, Lockheed Martin, and BAE Systems, while holding a unique monopoly on the domestic production and refueling of nuclear aircraft carriers. Originally spun off from Northrop Grumman in 2011, HII is currently led by President and CEO Christopher D. Kastner, a veteran executive who previously served as the company’s COO and CFO after a long tenure at Northrop Grumman. The executive team includes Thomas E. Stiehle as Executive Vice President and CFO, and Andy Green, who oversees the technology-heavy Mission Technologies segment. The company’s strategic direction is overseen by a board of directors chaired by retired Admiral Kirkland H. Donald, featuring a high-pedigree roster of former military leaders and industry veterans such as retired Admiral Craig S. Faller and former Hexcel CEO Nick L. Stanage. This leadership core combines deep naval operational expertise with disciplined financial management to navigate the complexities of multi-decade defense procurement cycles.