HII's Ingalls Shipbuilding secures a $283 million Navy contract for FF(X) frigate support activities and pre-construction efforts.
Quiver AI Summary
HII's Ingalls Shipbuilding division has been awarded a $283 million contract by the U.S. Navy for lead yard support activities related to the new FF(X) class frigates. This contract enables Ingalls to procure necessary materials, conduct design work, and initiate pre-construction for the first ship in the class. Ingalls Shipbuilding, recognized for its strong track record in naval engineering and design, will utilize experience from developing national security cutters to ensure efficient production of the frigates. The project is part of a broader effort to modernize shipbuilding capabilities in the U.S., addressing the Navy's need for smaller, more agile combatants that fit within the future fleet strategy. HII has invested over $1 billion in modernizing facilities and tools to support this initiative.
Potential Positives
- HII's Ingalls Shipbuilding division secured a significant $283 million contract with the U.S. Navy for lead yard support activities, indicating confidence in their capabilities and future growth.
- The contract allows for procurement of long lead time materials and early pre-construction activities, facilitating a smoother transition from design to production.
- Ingalls Shipbuilding's collaboration with the Navy on the FF(X) program demonstrates the company’s role in addressing urgent demands for next-generation naval platforms.
- HII's investment of over $1 billion in modernizing its infrastructure enhances its competitiveness and capacity to meet complex shipbuilding needs.
Potential Negatives
- While the contract award is positive, it may indicate increased scrutiny on Ingalls Shipbuilding's ability to meet urgent Navy demands, highlighting potential pressure on the company to deliver on expectations.
- The emphasis on modernizing infrastructure and capabilities with over $1 billion investment suggests previous inadequacies that required rectification, which may raise concerns about the company's past operational efficiency.
- The need to partner and expand shipbuilding capacity indicates potential limitations in current production capabilities that could impact timely delivery of defense products.
FAQ
What is the value of the contract awarded to Ingalls Shipbuilding?
The U.S. Navy awarded Ingalls Shipbuilding a $283 million contract for FF(X) class frigate support activities.
What activities will Ingalls Shipbuilding perform under the contract?
Ingalls will procure long lead time materials, execute design work, and begin pre-construction activities for the first frigate.
What type of ships will the FF(X) class frigates complement?
The FF(X) frigates are designed to complement the Navy's larger, multi-mission warships for enhanced operational flexibility.
How has Ingalls Shipbuilding modernized its facilities?
Ingalls has invested over $1 billion to modernize its infrastructure, facilities, and toolsets for efficient shipbuilding.
What history does HII have in shipbuilding?
HII is America’s largest shipbuilder with a 140-year history of advancing U.S. national security through innovative defense capabilities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HII Insider Trading Activity
$HII insiders have traded $HII stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $HII stock by insiders over the last 6 months:
- CHRISTOPHER D KASTNER (Director, President & CEO) sold 15,000 shares for an estimated $4,815,900
- CHAD N. BOUDREAUX (Ex VP & Chief Legal Officer) has made 0 purchases and 2 sales selling 5,186 shares for an estimated $2,105,995.
- THOMAS E. STIEHLE (Ex. VP and CFO) sold 4,500 shares for an estimated $1,937,430
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- VICTORIA D HARKER sold 1,000 shares for an estimated $316,605
- EDMOND E. JR. HUGHES (Ex VP & Chief HR Officer) sold 850 shares for an estimated $268,124
- NICOLAS G SCHUCK (Corp VP, Controller & CAO) sold 465 shares for an estimated $146,389
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$HII Revenue
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$HII Hedge Fund Activity
We have seen 412 institutional investors add shares of $HII stock to their portfolio, and 362 decrease their positions in their most recent quarter.
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- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added 1,981,424 shares (+38526.6%) to their portfolio in Q4 2025, for an estimated $673,822,859
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$HII Analyst Ratings
Wall Street analysts have issued reports on $HII in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Goldman Sachs issued a "Buy" rating on 01/20/2026
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$HII Price Targets
Multiple analysts have issued price targets for $HII recently. We have seen 6 analysts offer price targets for $HII in the last 6 months, with a median target of $412.5.
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- John Godyn from Citigroup set a target price of $441.0 on 04/02/2026
- David Strauss from Wells Fargo set a target price of $400.0 on 04/01/2026
- Gautam Khanna from TD Cowen set a target price of $460.0 on 03/06/2026
- Ronald Epstein from B of A Securities set a target price of $400.0 on 02/12/2026
- Noah Poponak from Goldman Sachs set a target price of $425.0 on 01/20/2026
- Seth Seifman from JP Morgan set a target price of $342.0 on 11/03/2025
Full Release
PASCAGOULA, Miss., April 28, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that the U.S. Navy awarded its Ingalls Shipbuilding division a $283 million contract to perform FF(X) class frigate lead yard support activities for the new frigate class. The contract allows Ingalls Shipbuilding to procure long lead time material, execute design work and begin pre-construction activities for the first ship.
“We are proud of our past performance in engineering, design and production of warships that meet U.S. military standards, a performance that gave the Navy confidence to select the national security cutter as the basis for the next small surface combatant and to choose Ingalls as the program’s lead yard,” said Brian Blanchette, Ingalls Shipbuilding president. “We are excited to partner with the Navy to bring these preproduction steps under contract to accelerate delivery of the frigates that our warfighters need.”
Under this contract, Ingalls Shipbuilding will begin cutting and shaping raw material to support future phases of work on the main structure foundation and the overall construction sequencing plan of the first frigate. This new approach will enable a smooth transition from design to production at Ingalls Shipbuilding and eventually across the industrial base.
A photo accompanying this release is available at: http://hii.com/news/hiis-ingalls-shipbuilding-is-awarded-frigate-lead-yard-support-contract/ .
In December 2025, the U.S. Navy selected Ingalls Shipbuilding to design and build the future FF(X), leveraging the stable and proven design of the Legend -class national security cutter (NSC). Ingalls previously delivered 10 NSCs to the U.S. Coast Guard and will use the same proven build sequence for the FF(X) program. The new frigates will be constructed alongside production lines that currently support DDG 51 Flight III destroyers, LHA assault ships, LPD Flight II amphibious transport docks, and modernization activities for the Zumwalt -class guided missile destroyers.
To meet urgent Navy demand and support construction of next-generation platforms, Ingalls Shipbuilding has invested more than $1 billion in modernizing its infrastructure, facilities, and toolsets. HII as a whole is actively working to expand U.S. shipbuilding capacity by, among other things, increasing the number of distributed shipbuilding partners, collaborating with international manufacturers, and evaluating the addition of another U.S. shipyard.
The Navy’s new class of smaller combatant ships, the FF(X), is a critical component of the Navy’s fleet of the future. The FF(X) will be a smaller, more agile surface combatant designed to complement the fleet’s larger, multi-mission warships and enhance operational flexibility around the globe.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
- HII on the web: https://www.HII.com/
- HII on Facebook: https://www.facebook.com/TeamHII
- HII on X: https://www.twitter.com/WeAreHII
- HII on Instagram: https://www.instagram.com/WeAreHII
-
HII on LinkedIn:
https://www.linkedin.com/company/wearehii
Contact:
Kimberly Aguillard
[email protected]
(228) 355-5663
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/afda0ff0-5e5b-4592-a011-95c3b76c2e49