HII Secures Contract to Support USS Harry S. Truman Aircraft Carrier

Core Insights - Huntington Ingalls Industries Inc. (HII) has secured a contract worth nearly $97.7 million for long-lead materials to support the refueling and complex overhaul of the USS Harry S. Truman (CVN 75) aircraft carrier, with completion expected by September 2026 [1][9] Company Overview - HII's Newport News Shipbuilding unit has constructed over 31 aircraft carriers for the U.S. Navy since 1933, including all 10 Nimitz-class carriers currently in service and the first Gerald R. Ford-class carrier [3][9] - The company is actively developing the next-generation Gerald R. Ford-class aircraft carriers, leveraging decades of naval shipbuilding experience to secure a consistent flow of contracts, which supports strong revenue growth prospects [4] Industry Context - The global naval defense sector is witnessing increased investments in naval capabilities, particularly in aircraft carriers, due to rising geopolitical tensions [5] - The aircraft carrier ship market is projected to grow at a CAGR of 12.75% from 2025 to 2030, which is expected to benefit HII as the largest shipbuilder and sole manufacturer of aircraft carriers in the U.S. [6] Competitor Insights - RTX Corporation (RTX) is positioned to benefit from the expanding market, with a long-term earnings growth rate of 10.21% and a projected sales increase of 7.8% for 2025 [6][7] - BAE Systems plc (BAESY) has a long-term earnings growth rate of 14.57% and is expected to see a significant sales rise of 63.3% in 2025 [7][8] - Lockheed Martin Corp. (LMT) has a long-term earnings growth rate of 11.94% and anticipates a 4.8% increase in sales for 2025 [8][10] Stock Performance - HII shares have increased by 38% over the past six months, outperforming the industry growth of 14.1% [11]