News Summary
Huntington Ingalls Industries Inc. (HII) revealed impressive financial results for the first quarter of 2025, with a net income of $149 million, exceeding Wall Street expectations. Although revenue fell short of forecasts, a recent contract modification and leadership changes highlight the company’s ongoing commitment to enhancing U.S. naval capabilities through innovation and workforce development in shipbuilding.
Newport News, Virginia – Huntington Ingalls Industries Inc. (HII) announced strong financial results for the first quarter of 2025, despite recording lower revenue than expected. The company reported a net income of $149 million, equating to $3.79 per share, significantly surpassing Wall Street expectations which anticipated earnings of $2.90 per share according to a survey conducted by Zacks Investment Research. However, revenue figures of $2.73 billion fell short of the projected $2.79 billion. The earnings announcement was made on Thursday, May 1, 2025.
Recent Company Developments
On April 30, 2025, HII revealed a contract modification for the construction of two Block V submarines, contributing to ongoing defense efforts. This modification supports the development of the 11th and 12th fast-attack submarines under the Block V contract, solidifying HII’s role in U.S. naval capabilities. The company operates its Newport News Shipbuilding division, one of only two U.S. shipyards capable of constructing nuclear-powered submarines.
In a show of commitment to national defense, Secretary of the Navy, John Phelan, visited the Newport News Shipbuilding division on April 16, 2025. This visit marked Phelan’s first trip to the shipyard since his confirmation in March 2025. During his visit, he emphasized the critical contribution of Newport News Shipbuilding to American seapower and national defense. Phelan toured various production areas, including the construction of the Columbia and Virginia-class submarines, as well as the aircraft carriers Enterprise (CVN 80) and John F. Kennedy (CVN 79).
Leadership Changes and Innovations
Kari Wilkinson assumed the presidency of Newport News Shipbuilding on January 1, 2025, succeeding Jennifer Boykin, who is retiring after 37 years with the company. Under Boykin’s leadership, the company experienced significant growth. Wilkinson expressed pride in leading Newport News Shipbuilding and acknowledged the immense complexity and importance of shipbuilding in national defense.
In an effort to enhance efficiency and innovation, HII has recently adopted additive manufacturing technology. On March 4, 2025, the company announced the successful installation of the first valve manifold assembly created through this manufacturing technique for the aircraft carrier Enterprise (CVN 80). This component measures approximately five feet long and weighs 1,000 pounds. Additive manufacturing techniques are employed to accelerate construction and improve the quality of essential components, with the Newport News division already producing over 55 parts using this method and plans to add over 200 more in the near future.
Significance in the Industry and Workforce
With a workforce exceeding 26,000 employees, Newport News Shipbuilding is recognized as the largest industrial employer in Virginia. The division’s strategic importance not only lies in its ability to construct advanced naval vessels but also in its commitment to fostering workforce development and innovation in shipbuilding technologies. As the nation invests in defense capabilities, HII continues to play a pivotal role in maintaining and advancing American naval power.
As HII moves forward in 2025 and beyond, the combination of experienced leadership, ongoing innovation in manufacturing, and governmental support underscores the company’s vital role in national security and defense readiness.
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Additional Resources
- HII Hosts Secretary of the Navy at Newport News Shipbuilding
- Wikipedia: Huntington Ingalls Industries
- Huntington Ingalls Q1 Earnings Snapshot
- Google Search: Huntington Ingalls Earnings Report
- Shipbuilder Huntington Ingalls Quarterly Earnings Fall on Slowing Volume
- Google Scholar: Huntington Ingalls Shipbuilding
- HII Awarded Contract Modification for Virginia-Class Submarines
- Encyclopedia Britannica: Shipbuilding
- Huntington Ingalls and Hyundai Heavy Industries Sign MOU
- Google News: Huntington Ingalls Industry News
Author: STAFF HERE WILLIAMSBURG WRITER
WILLIAMSBURG STAFF WRITER The WILLIAMSBURG STAFF WRITER represents the experienced team at HEREWilliamsburg.com, your go-to source for actionable local news and information in Williamsburg, James City County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Williamsburg Farmers Market, Yorktown Market Days, and Busch Gardens Food & Wine Festival. Our coverage extends to key organizations like the Greater Williamsburg Chamber of Commerce and Colonial Williamsburg Foundation, plus leading businesses in education and hospitality that power the local economy such as College of William & Mary, The Williamsburg Winery, and Sodexo. As part of the broader HERE network, including HEREVirginiaBeach.com, we provide comprehensive, credible insights into Virginia's dynamic landscape.
