TacticScaleWhat Huntington Ingalls Industries Does & How It Makes Money (HII)
Updated October 2026 · reflects Huntington Ingalls Industries's latest reported financials
America's largest military shipbuilder of Navy warships and nuclear carriers. It earns revenue mainly from long-term U.S.
How Huntington Ingalls Industries makes money
It earns revenue mainly from long-term U.S. government contracts to design, build, refuel, overhaul and maintain naval ships. It also earns revenue from defense technology and services contracts through its Mission Technologies segment.
What Huntington Ingalls Industries does
Huntington Ingalls Industries, founded in 1886 and headquartered in Newport News, Virginia, builds military ships in the United States. It has three segments. Ingalls builds non-nuclear ships for the U.S. Navy and Coast Guard, such as amphibious assault ships, surface combatants and national security cutters. Newport News builds nuclear-powered aircraft carriers and submarines. It also refuels, overhauls and inactivates carriers, and provides design, maintenance and disposal support for nuclear ships already in service and for reactor prototypes. The Mission Technologies segment supplies defense technology and services, including C5ISR systems, AI and machine learning for battlefield decisions, cyber and electronic warfare, uncrewed autonomous systems, live, virtual and constructive training, platform modernization and critical nuclear operations. The company also has a strategic partnership with HD Hyundai Heavy Industries to bring intelligent mechanized welding systems to its Ingalls shipyard.
Products & services
- Nuclear-powered aircraft carriers
- Nuclear-powered submarines
- Amphibious assault ships
- Surface combatants and national security cutters
- Carrier refueling, overhaul and inactivation services
- C5ISR, cyber and uncrewed autonomous systems
What is Huntington Ingalls Industries worth?
On an owner-earnings DCF, Huntington Ingalls Industries's most-likely value is about $416 versus a recent price near $265 (57% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$227) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
General Dynamics (GD) · Curtiss-Wright (CW) · CSSC Offshore & Marine Engineering (Group) (600685.SS) · China Shipbuilding Industry Group Power (600482.SS)