HII's Ingalls Shipbuilding has begun fabricating the USS John F. Lehman (DDG 137), the latest Flight III destroyer.
Quiver AI Summary
HII's Ingalls Shipbuilding division has officially begun construction on the USS John F. Lehman (DDG 137), the latest Flight III Arleigh Burke-class destroyer for the U.S. Navy, following the start of fabrication on July 1, 2026. This development is facilitated by HII's distributed shipbuilding model, which allows production of major structural units at partner yards in Texas, Louisiana, Mississippi, and Florida, thereby enhancing the company's capacity. With DDG 137 being the seventh Flight III destroyer, it features advanced combat systems designed to combat contemporary threats. Currently, Ingalls has a total of five Flight III destroyers under construction and plans to outsource over 2.5 million hours of shipbuilding work in 2026 to support a resilient industrial base.
Potential Positives
- Fabrication of the USS John F. Lehman (DDG 137) marks the official commencement of construction for a new Flight III Arleigh Burke-class destroyer, reinforcing HII's position as a significant player in naval shipbuilding.
- The integration of a distributed shipbuilding model allows HII to enhance capacity and efficiency by collaborating with multiple partner yards, which can meet the demands of construction while helping to sustain the workforce across several states.
- HII's commitment to delivering advanced naval capabilities is underscored by the ongoing construction of multiple Flight III destroyers, ensuring that they remain competitive in meeting military requirements for modern warfare.
- The plan to outsource over 2.5 million hours of shipbuilding work in 2026 demonstrates HII's strategic approach to bolster the industrial base, support job creation, and enhance long-term operational resilience.
Potential Negatives
- Outsourcing over 2.5 million hours of shipbuilding work may raise concerns about the company's ability to maintain quality control and consistency across multiple fabrication sites.
- The reliance on partner yards for key construction components could indicate potential vulnerabilities in the supply chain, especially in times of labor shortages or disruptions.
- The mention of a distributed shipbuilding model may suggest that the company is unable to meet production needs solely with its internal workforce, which could impact overall workforce morale and stability.
FAQ
What is the significance of the USS John F. Lehman (DDG 137) construction?
The USS John F. Lehman (DDG 137) marks the start of construction for the Navy’s newest Flight III Arleigh Burke-class destroyer.
How does HII's distributed shipbuilding model work?
This model shifts fabrication of structural units to partner yards, expanding capacity and utilizing available workforce across multiple states.
What features distinguish the Flight III destroyers?
Flight III destroyers include the AN/SPY-6(V)1 radar system and Aegis Baseline 10, designed to counter modern threats effectively.
How many Flight III destroyers are currently under construction at HII?
HII currently has five Flight III destroyers under construction, with additional ones in pre-planning and material procurement phases.
What is HII's plan for shipbuilding work in 2026?
HII plans to outsource over 2.5 million hours of shipbuilding work in 2026 to support long-term industrial base resiliency.
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 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $HII stock by insiders over the last 6 months:
- THOMAS E. STIEHLE (Ex. VP and CFO) sold 4,500 shares for an estimated $1,937,430
- CHAD N. BOUDREAUX (Ex VP & Chief Legal Officer) sold 4,400 shares for an estimated $1,858,780
- EDMOND E. JR. HUGHES (Ex VP & Chief HR Officer) sold 3,500 shares for an estimated $1,118,533
- ERIC D. CHEWNING (EVP, Maritime Sys & Corp STR) sold 1,700 shares for an estimated $736,848
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$HII Revenue
$HII had revenues of $3.1B in Q1 2026. This is an increase of 13.35% from the same period in the prior year.
You can track HII financials on Quiver Quantitative's HII stock page.
You can access data on HII stock through the Quiver Quantitative API.
$HII Congressional Stock Trading
Members of Congress have traded $HII stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $HII stock by members of Congress over the last 6 months:
- REPRESENTATIVE BRIAN BABIN sold up to $50,000 on 05/05.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$HII Hedge Fund Activity
We have seen 460 institutional investors add shares of $HII stock to their portfolio, and 418 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 1,980,448 shares (-99.7%) from their portfolio in Q1 2026, for an estimated $739,538,892
- VAN ECK ASSOCIATES CORP removed 572,487 shares (-34.8%) from their portfolio in Q1 2026, for an estimated $213,778,095
- MILLENNIUM MANAGEMENT LLC removed 557,517 shares (-83.7%) from their portfolio in Q1 2026, for an estimated $208,187,998
- ROKOS CAPITAL MANAGEMENT LLP removed 363,824 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $123,725,627
- TD ASSET MANAGEMENT INC added 307,635 shares (+599.4%) to their portfolio in Q1 2026, for an estimated $114,877,061
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added 241,938 shares (+inf%) to their portfolio in Q1 2026, for an estimated $90,344,487
- DIMENSIONAL FUND ADVISORS LP removed 212,290 shares (-21.7%) from their portfolio in Q1 2026, for an estimated $79,273,331
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$HII Analyst Ratings
Wall Street analysts have issued reports on $HII in the last several months. We have seen 2 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
- Citigroup issued a "Buy" rating on 01/13/2026
To track analyst ratings and price targets for $HII, check out Quiver Quantitative's $HII forecast page.
$HII Price Targets
Multiple analysts have issued price targets for $HII recently. We have seen 5 analysts offer price targets for $HII in the last 6 months, with a median target of $400.0.
Here are some recent targets:
- John Godyn from Citigroup set a target price of $349.0 on 07/01/2026
- Gautam Khanna from TD Cowen set a target price of $420.0 on 05/14/2026
- David Strauss from Wells Fargo set a target price of $400.0 on 04/01/2026
- 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
Full Release
PASCAGOULA, Miss., July 01, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division began fabrication of the future USS John F. Lehman (DDG 137) Monday, marking the official start of construction on the Navy’s newest Flight III Arleigh Burke ‑class destroyer.
The milestone builds upon early construction gains enabled by HII’s distributed shipbuilding model, which expands capacity by shifting fabrication of major structural units from Pascagoula to partner yards beyond the company’s traditional labor market that have available workforce and production space. For DDG 137, six partners across Texas, Louisiana, Mississippi and Florida are producing structural units, allowing Ingalls to distribute work across the supply chain.
“Our Ingalls shipbuilders have worked hard to reach fabrication start on DDG 137, and by focusing our teams and facilities on final assembly and integration, our distributed shipbuilding partners are enabling us to grow the Flight III fleet,” said Chris Brown, Ingalls Shipbuilding DDG 51 program manager. “We know the U.S. Navy is counting on us to deliver highly capable ships, and this industry-wide effort is helping us meet that responsibility with urgency.”
DDG 137 is the seventh Flight III destroyer to be constructed at Ingalls. Flight III ships represent the next generation of surface combatants, featuring the Flight III AN/SPY-6(V)1 radar system and the Aegis Baseline 10 combat system designed to counter evolving threats well into the 21st century.
Photos and a video accompanying this release are available at: https://www.hii.com/news/hii-begins-fabrication-of-destroyer-john-f-lehman-ddg-137 .
Ingalls currently has five Flight III destroyers under construction and seven more in early pre-planning and material procurement phases. As part of its distributed production strategy, HII plans to outsource more than 2.5 million hours of shipbuilding work in 2026, driving work to qualified yards nationwide and supporting long‑term industrial base resiliency.
For more information about the Flight III Arleigh Burke -class destroyers under construction at HII’s Ingalls Shipbuilding division visit, https://www.hii.com/capabilities/arleigh-burke-flight-iii .
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 K. Aguillard
[email protected]
228-355-5663
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/305f38c1-6dac-4914-bf34-5ee272ee073a
