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Huntington Ingalls Industries, Inc. - Company Profile

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Huntington Ingalls Industries, Inc. - Overview

Brands
Ingalls Shipbuilding, Newport News Shipbuilding
Description
Huntington Ingalls Industries is a public company headquartered in Virginia with an estimated 42,000 employees. In the US, the company has a notable market share in at least three industries: Ship Building, Dry Docks & Cargo Inspection Services, Autonomous Underwater Vehicle Manufacturing and Autonomous Underwater Vehicle Manufacturing. Their largest market share is in the Ship Building industry, where they account for an estimated 32.8% of total industry revenue and are considered a Golden Goose because they display medium to strong market share and strong profit, but slower revenue growth than some of their peers.
Company Details

Registered Name: Huntington Ingalls Industries, Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: 4101 Washington Avenue 909-7, 7j2 Newport News VA 23607

Website: http://www.huntingtoningalls.com

Employees: 42000

Huntington Ingalls Industries, Inc. - Operating Industries and Main Competitors

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Huntington Ingalls Industries, Inc. - Products and Services

  • Ship Building in the US

  • Of the 3 core revenue-generating products and services in the Ship Building in the US industry, Huntington Ingalls Industries, Inc. offers:
    • Military ship repair
    • Military shipbuilding
    • Nonmilitary shipbuilding and repair
  • Dry Docks & Cargo Inspection Services in the US

  • Of the 4 core revenue-generating products and services in the Dry Docks & Cargo Inspection Services in the US industry, Huntington Ingalls Industries, Inc. offers:
    • Repairs from floating dry docks
    • Repairs from graving dry docks
    • Transportation and towing services
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  • Autonomous Underwater Vehicle Manufacturing

  • Of the 3 core revenue-generating products and services in the Autonomous Underwater Vehicle Manufacturing industry, Huntington Ingalls Industries, Inc. offers:
    • AUVs operating in between 201.0 meters and 1,000.0 meters of water
    • AUVs operating in up to 200.0 meters of water
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Huntington Ingalls Industries, Inc. - Analyst Insights

Huntington Ingalls clearly recognizes the increasing demand for unmanned defense vessels

The United States Navy continues to shift its strategy towards small unmanned vessels. Huntington Ingalls, recognizing the shift in customer preferences, expanded production of unmanned vessels through its technical solutions division. Currently, five of the thirteen technical solutions plants provide unmanned vessels. The Navy plants to operate 143 to 242 unmanned ships by 2045, indicating an increase in expected demand. In 2020, Huntington Ingalls acquired marine robotics company Hydroid, Inc. for $377 million in cash. Also in 2020, the company acquired autonomous technology company Spatial Integrated Systems Inc. for $40 million in cash.

Balance Sheet|M&A


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Huntington Ingalls Industries, Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Huntington Ingalls Industries, Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Ship Building in the US, Dry Docks & Cargo Inspection Services in the US, and Autonomous Underwater Vehicle Manufacturing industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Huntington Ingalls Industries, Inc. - Financial Statements & Ratios

pie_chartHuntington Ingalls Industries, Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue9,524.09,361.08,899.08,176.07,441.07,068.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartHuntington Ingalls Industries, Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and Equivalents627.0512.075.0240.0701.0720.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
AAAAAA AAAAAA000000000000000000000000

pie_chartHuntington Ingalls Industries, Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net IncomeN/AN/AN/AN/AN/AN/A
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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