HII's Ingalls Shipbuilding division secures historic wage increase for union workers, enhancing recruitment and contract stability through 2031.
Quiver AI Summary
HII announced that all five collective bargaining units at its Ingalls Shipbuilding division have ratified new agreements, granting union-represented shipbuilders an immediate base wage increase of 18 percent or more, the largest in the division's history. The new contracts, which extend until March 8, 2031, promise wage growth of 35 to 47 percent during this period. This strategic move aims to enhance recruitment and retention, addressing the U.S. Navy's increasing demand for ships. HII leaders emphasized that this agreement fosters a strong partnership with employees and ensures competitive wages and stability, crucial for the shipbuilding workforce. The negotiations concluded on February 12, and the ratification followed votes from various unions representing the shipbuilders.
Potential Positives
- All five collective bargaining units at HII's Ingalls Shipbuilding division ratified new collective bargaining agreements, reflecting strong labor relations and support from employees.
- The agreements provide an immediate base wage increase of 18 percent or higher, marking the largest single wage increase in Ingalls Shipbuilding history, which enhances employee satisfaction and morale.
- The wage growth of 35 to 47 percent through 2031 demonstrates a long-term commitment to competitive compensation, which may aid in recruitment and retention of skilled workers.
- This contract supports HII's mission to meet the increasing demand from the U.S. Navy for ships, potentially improving production efficiency and business stability.
Potential Negatives
- Absence of any mention of potential impacts on profit margins due to the significant wage increases, which could raise concerns among investors.
FAQ
What is the recent wage increase for Ingalls Shipbuilding workers?
Ingalls Shipbuilding union-represented shipbuilders will receive an immediate base wage increase of 18 percent or more.
How long will the new collective bargaining agreements last?
The new agreements will extend through March 8, 2031, providing long-term stability for workers.
What are the projected wage growth percentages through 2031?
The agreements guarantee historic wage growth of 35 to 47 percent for union-represented shipbuilders by 2031.
How will this wage increase affect recruitment at Ingalls Shipbuilding?
Shipbuilding leadership anticipates that the wage increase will improve recruitment and reduce attrition among workers.
Who ratified the collective bargaining agreements at Ingalls Shipbuilding?
The agreements were ratified by all five collective bargaining units representing various trade unions at Ingalls Shipbuilding.
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
- ERIC D. CHEWNING (EVP, Maritime Sys & Corp STR) sold 1,700 shares for an estimated $736,848
- 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
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HII Revenue
$HII had revenues of $3.5B in Q4 2025. This is an increase of 15.71% from the same period in the prior year.
You can track HII financials on Quiver Quantitative's HII stock page.
$HII Hedge Fund Activity
We have seen 419 institutional investors add shares of $HII stock to their portfolio, and 369 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added 1,981,424 shares (+38526.6%) to their portfolio in Q4 2025, for an estimated $673,822,859
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 665,285 shares (-74.3%) from their portfolio in Q4 2025, for an estimated $226,243,469
- AQR CAPITAL MANAGEMENT LLC added 498,690 shares (+85.0%) to their portfolio in Q4 2025, for an estimated $169,589,508
- VAN ECK ASSOCIATES CORP added 400,428 shares (+32.1%) to their portfolio in Q4 2025, for an estimated $136,173,549
- MAVERICK CAPITAL LTD removed 386,533 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $111,286,716
- ROKOS CAPITAL MANAGEMENT LLP removed 363,824 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $123,725,627
- MARSHALL WACE, LLP added 300,740 shares (+588.1%) to their portfolio in Q4 2025, for an estimated $102,272,651
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$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
- Citigroup issued a "Buy" rating on 01/13/2026
- TD Cowen issued a "Buy" rating on 10/31/2025
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 $425.0.
Here are some recent targets:
- 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
- John Godyn from Citigroup set a target price of $465.0 on 02/10/2026
- 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., March 12, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that all five collective bargaining units at its Ingalls Shipbuilding division have ratified new collective bargaining agreements, securing an immediate 18 percent or higher base wage increase for union-represented shipbuilders. This is the largest single wage increase in Ingalls Shipbuilding history and will extend the contract through March 8, 2031.
The Ingalls Shipbuilding Collective Bargaining Agreement, for union-represented shipbuilders, provides historic wage growth of 35 to 47 percent through 2031. Shipbuilding leadership anticipates this will improve recruitment and attrition that will enable accelerated throughput.
“This agreement strengthens our partnership with our represented shipbuilders and affirms our commitment to providing competitive wages and stability for our workforce,” said Ingalls Shipbuilding President Brian Blanchette. “The dedication and expertise of our Ingalls shipbuilders are essential to meeting the U.S. Navy’s growing demand for more ships, and together we will continue advancing our mission to build the most capable ships that protect and serve our nation’s warfighters.”
This historic wage increase reflects the essential role Ingalls shipbuilders and their families play in delivering the most capable ships in the world and provides meaningful wage growth, long-term stability and certainty for our shipbuilding community.
A photo accompanying this release is available at: https://hii.com/newsroom/ .
Negotiations between company leadership and union representatives concluded on February 12, 2026, with both parties reaching consensus on contract proposals to bring forward for a vote. Ratification followed votes by members of the Pascagoula Metal Trades Council (PMTC), International Brotherhood of Electrical Workers (IBEW), Office and Professional Employees International Union (OPEIU), International Association of Machinists (IAM), and the United Federation of Special Police and Security Officers (UFSPSC).
To learn more about careers at HII’s Ingalls Shipbuilding division, visit https://hii.com/careers/ .
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/7d077d35-2d93-4f9c-9bbb-b53b970364db
