Investor Relations

Why HII?

Huntington Ingalls Industries (NYSE: HII) is America’s premier military shipbuilder and the U.S. Navy’s mission critical partner. HII is also a key provider of unmanned systems, defense and federal solutions, nuclear and environmental services and fleet sustainment services to partners in government and industry.

Investment Thesis
- Unparalleled visibility created by historic backlog and strong competitive posture
- Consistent and predictable shipbuilding revenue growth profile
- Portfolio shaping aligned with growing and evolving customer requirements
- Improving operational performance that supports significant, sustainable free cash flow generation
- Capital structure that supports strategic optionality and returning cash to shareholders

Capital Allocation Priorities
- Maintain our shipyards
- Continue dividend growth, targeting ~30% pension adjusted payout ratio by end of 2024
- Strategically shape portfolio and return excess cash to shareholders through opportunistic share repurchases
- Maintain Investment Grade credit metrics