Huntington Ingalls Industries, Inc 10-Q for FY2022 Q3

Huntington Ingalls Industries, Inc. (HII)

10-Q 2022-11-03 For: 2022-09-30

Added on April 08, 2026

About this 10-Q

Huntington Ingalls Industries, Inc filed this 10-Q on November 3, 2022, covering the quarter ended September 30, 2022 (FY2022 Q3).

Headline figures

Quarter ended September 30, 2022, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $2.63B; up 12.3% from $2.34B a year earlier
Net income: $138M; down 6.1% from net income of $147M a year earlier
Diluted EPS: $3.44; down 5.8% from $3.65 a year earlier

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Delaware						90-0607005
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	HII	New York Stock Exchange



	PART I – FINANCIAL INFORMATION	Page

Item 1.	Financial Statements (Unaudited)
	Condensed Consolidated Statements of Operations and Comprehensive Income	1
	Condensed Consolidated Statements of Financial Position	2
	Condensed Consolidated Statements of Cash Flows	3
	Condensed Consolidated Statements of Changes in Equity	4
	Notes to Condensed Consolidated Financial Statements	5
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	17
Item 3.	Quantitative and Qualitative Disclosures about Market Risk	37
Item 4.	Controls and Procedures	37

	PART II – OTHER INFORMATION

Item 1.	Legal Proceedings	38
Item 1A.	Risk Factors	38
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	38
Item 3.	Defaults Upon Senior Securities	38
Item 4.	Mine Safety Disclosures	38
Item 5.	Other Information	38
Item 6.	Exhibits	39

Signatures		40


	Three Months Ended September 30				Nine Months Ended September 30
(in millions, except per share amounts)	2022		2021		2022		2021
Sales and service revenues
Product sales	$	1,774	$	1,701	$	5,327	$	5,185
Service revenues	852		637		2,537		1,662
Sales and service revenues	2,626		2,338		7,864		6,847
Cost of sales and service revenues
Cost of product sales	1,517		1,453		4,511		4,402
Cost of service revenues	747		554		2,252		1,450
Income from operating investments, net	13		11		47		31
Other income and gains, net	—		2		—		3
General and administrative expenses	244		226		688		636

Operating income	131		118		460		393
Other income (expense)
Interest expense	(27)		(24)		(79)		(63)
Non-operating retirement benefit	71		45		209		135
Other, net	(13)		2		(30)		10
Earnings before income taxes	162		141		560		475
Federal and foreign income tax expense (benefit)	24		(6)		104		51
Net earnings	$	138	$	147	$	456	$	424

Basic earnings per share	$	3.44	$	3.65	$	11.37	$	10.52
Weighted-average common shares outstanding	40.1		40.3		40.1		40.3

Diluted earnings per share	$	3.44	$	3.65	$	11.37	$	10.52
Weighted-average diluted shares outstanding	40.1		40.3		40.1		40.3

Dividends declared per share	$	1.18	$	1.14	$	3.54	$	3.42

Net earnings from above	$	138	$	147	$	456	$	424
Other comprehensive income (loss)
Change in unamortized benefit plan costs	12		43		(61)		102
Other	(1)		(1)		(2)		1
Tax benefit (expense) for items of other comprehensive income	(3)		(11)		16		(26)
Other comprehensive income (loss), net of tax	8		31		(47)		77
Comprehensive income	$	146	$	178	$	409	$	501


($ in millions)	September 30, 2022		December 31, 2021
Assets
Current Assets
Cash and cash equivalents	$	117	$	627
Accounts receivable, net of allowance for doubtful accounts of $2 million as of 2022 and $9 million as of 2021	721		433
Contract assets	1,564		1,310
Inventoried costs	174		161
Income taxes receivable	180		209

Prepaid expenses and other current assets	61		50
Total current assets	2,817		2,790
Property, plant, and equipment, net of accumulated depreciation of $2,283 million as of 2022 and $2,149 million as of 2021	3,136		3,107
Operating lease assets	236		241
Goodwill	2,618		2,628
Other intangible assets, net of accumulated amortization of $846 million as of 2022 and $741 million as of 2021	1,054		1,159
Pension plan assets	355		281

Miscellaneous other assets	399		421
Total assets	$	10,615	$	10,627
Liabilities and Stockholders' Equity
Current Liabilities
Trade accounts payable	$	539	$	603
Accrued employees’ compensation	355		361
Current portion of long-term debt	399		—
Current portion of postretirement plan liabilities	137		137
Current portion of workers’ compensation liabilities	241		252
Contract liabilities	768		651


Other current liabilities	453		423
Total current liabilities	2,892		2,427
Long-term debt	2,605		3,298
Pension plan liabilities	394		351
Other postretirement plan liabilities	360		368
Workers’ compensation liabilities	486		506
Long-term operating lease liabilities	202		194
Deferred tax liabilities	274		313
Other long-term liabilities	354		362
Total liabilities	7,567		7,819
Commitments and Contingencies (Note 12)
Stockholders’ Equity
Common stock, $0.01 par value; 150 million shares authorized; 53.5 million shares issued and 39.9 million shares outstanding as of September 30, 2022, and 53.4 million shares issued and 40.0 million shares outstanding as of December 31, 2021	1		1
Additional paid-in capital	2,014		1,998
Retained earnings	4,203		3,891
Treasury stock	(2,200)		(2,159)
Accumulated other comprehensive loss	(970)		(923)
Total stockholders’ equity	3,048		2,808
Total liabilities and stockholders’ equity	$	10,615	$	10,627


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


Three Months Ended September 30, 2022 and 2021 ($ in millions)	Common Stock		Additional Paid-in Capital		Retained Earnings (Deficit)		Treasury Stock		Accumulated Other Comprehensive Income (Loss)		Total Stockholders' Equity
Balance as of June 30, 2021	$	1	$	1,977	$	3,718	$	(2,128)	$	(1,501)	$	2,067
Net earnings	—		—		147		—		—		147
Dividends declared ($1.14 per share)	—		—		(46)		—		—		(46)
Stock-based compensation	—		7		—		—		—		7
Other comprehensive income, net of tax	—		—		—		—		31		31

Treasury stock activity	—		—		—		(17)		—		(17)
Balance as of September 30, 2021	$	1	$	1,984	$	3,819	$	(2,145)	$	(1,470)	$	2,189

Balance as of June 30, 2022	$	1	$	2,002	$	4,113	$	(2,186)	$	(978)	$	2,952
Net earnings	—		—		138		—		—		138
Dividends declared ($1.18 per share)	—		—		(48)		—		—		(48)
Stock-based compensation	—		12		—		—		—		12
Other comprehensive income, net of tax	—		—		—		—		8		8

Treasury stock activity	—		—		—		(14)		—		(14)
Balance as of September 30, 2022	$	1	$	2,014	$	4,203	$	(2,200)	$	(970)	$	3,048


Nine Months Ended September 30, 2022 and 2021 ($ in millions)	Common Stock		Additional Paid-in Capital		Retained Earnings (Deficit)		Treasury Stock		Accumulated Other Comprehensive Income (Loss)		Total Stockholders' Equity
Balance as of December 31, 2020	$	1	$	1,972	$	3,533	$	(2,058)	$	(1,547)	$	1,901
Net earnings	—		—		424		—		—		424
Dividends declared ($3.42 per share)	—		—		(138)		—		—		(138)
Stock-based compensation	—		12		—		—		—		12
Other comprehensive income, net of tax	—		—		—		—		77		77

Treasury stock activity	—		—		—		(87)		—		(87)
Balance as of September 30, 2021	$	1	$	1,984	$	3,819	$	(2,145)	$	(1,470)	$	2,189

Balance as of December 31, 2021	$	1	$	1,998	$	3,891	$	(2,159)	$	(923)	$	2,808
Net earnings	—		—		456		—		—		456
Dividends declared ($3.54 per share)	—		—		(142)		—		—		(142)
Stock-based compensation	—		16		(2)		—		—		14
Other comprehensive loss, net of tax	—		—		—		—		(47)		(47)

Treasury stock activity	—		—		—		(41)		—		(41)
Balance as of September 30, 2022	$	1	$	2,014	$	4,203	$	(2,200)	$	(970)	$	3,048


	Three Months Ended September 30				Nine Months Ended September 30

($ in millions, except per share amounts)	2022		Pro Forma 2021		2022		Pro Forma 2021
Sales and service revenues	$	2,626	$	2,532	$	7,864	$	7,687
Net earnings	$	138	$	142	$	456	$	416
Basic earnings per share	$	3.44	$	3.52	$	11.37	$	10.32
Diluted earnings per share	$	3.44	$	3.52	$	11.37	$	10.32


($ in millions)	Benefit Plans		Other		Total
Balance as of June 30, 2021	$	(1,502)	$	1	$	(1,501)
Other comprehensive income (loss) before reclassifications	14		(1)		13
Amounts reclassified from accumulated other comprehensive loss
Amortization of prior service cost1	2		—		2
Amortization of net actuarial loss1	27		—		27


Tax expense for items of other comprehensive income	(11)		—		(11)
Net current period other comprehensive income (loss)	32		(1)		31
Balance as of September 30, 2021	$	(1,470)	$	—	$	(1,470)

Balance as of June 30, 2022	$	(977)	$	(1)	$	(978)
Other comprehensive income (loss) before reclassifications	3		(1)		2
Amounts reclassified from accumulated other comprehensive loss
Amortization of prior service cost1	5		—		5
Amortization of net actuarial loss1	8		—		8

Settlement gain1	(4)		—		(4)
Tax (expense) benefit for items of other comprehensive income (loss)	(4)		1		(3)
Net current period other comprehensive income	8		—		8
Balance as of September 30, 2022	$	(969)	$	(1)	$	(970)


	Three Months Ended September 30, 2022
($ in millions)	Ingalls		Newport News		Mission Technologies		Intersegment Eliminations		Total
Revenue Type
Product sales	$	577	$	1,185	$	12	$	—	$	1,774
Service revenues	41		259		552		—		852
Intersegment	5		1		31		(37)		—
Sales and service revenues	$	623	$	1,445	$	595	$	(37)	$	2,626
Customer Type
Federal	$	618	$	1,444	$	554	$	—	$	2,616
Commercial	—		—		9		—		9
State and local government agencies	—		—		1		—		1
Intersegment	5		1		31		(37)		—
Sales and service revenues	$	623	$	1,445	$	595	$	(37)	$	2,626
Contract Type
Firm fixed-price	$	1	$	1	$	59	$	—	$	61
Fixed-price incentive	577		723		—		—		1,300
Cost-type	40		720		437		—		1,197
Time and materials	—		—		68		—		68
Intersegment	5		1		31		(37)		—
Sales and service revenues	$	623	$	1,445	$	595	$	(37)	$	2,626


	Three Months Ended September 30, 2021
($ in millions)	Ingalls		Newport News		Mission Technologies		Intersegment Eliminations		Total
Revenue Type
Product sales	$	586	$	1,088	$	27	$	—	$	1,701
Service revenues	38		263		336		—		637
Intersegment	4		3		31		(38)		—
Sales and service revenues	$	628	$	1,354	$	394	$	(38)	$	2,338
Customer Type
Federal	$	624	$	1,351	$	354	$	—	$	2,329
Commercial	—		—		9		—		9

Intersegment	4		3		31		(38)		—
Sales and service revenues	$	628	$	1,354	$	394	$	(38)	$	2,338
Contract Type
Firm fixed-price	$	5	$	15	$	52	$	—	$	72
Fixed-price incentive	585		686		—		—		1,271
Cost-type	34		650		261		—		945
Time and materials	—		—		50		—		50
Intersegment	4		3		31		(38)		—
Sales and service revenues	$	628	$	1,354	$	394	$	(38)	$	2,338


	Nine Months Ended September 30, 2022
($ in millions)	Ingalls		Newport News		Mission Technologies		Intersegment Eliminations		Total
Revenue Type
Product sales	$	1,766	$	3,496	$	65	$	—	$	5,327
Service revenues	136		768		1,633		—		2,537
Intersegment	10		4		87		(101)		—
Sales and service revenues	$	1,912	$	4,268	$	1,785	$	(101)	$	7,864
Customer Type
Federal	$	1,902	$	4,264	$	1,665	$	—	$	7,831
Commercial	—		—		32		—		32
State and local government agencies	—		—		1		—		1
Intersegment	10		4		87		(101)		—
Sales and service revenues	$	1,912	$	4,268	$	1,785	$	(101)	$	7,864
Contract Type
Firm fixed-price	$	7	$	12	$	192	$	—	$	211
Fixed-price incentive	1,762		2,180		—		—		3,942
Cost-type	133		2,072		1,299		—		3,504
Time and materials	—		—		207		—		207
Intersegment	10		4		87		(101)		—
Sales and service revenues	$	1,912	$	4,268	$	1,785	$	(101)	$	7,864


	Nine Months Ended September 30, 2021
($ in millions)	Ingalls		Newport News		Mission Technologies		Intersegment Eliminations		Total
Revenue Type
Product sales	$	1,814	$	3,300	$	71	$	—	$	5,185
Service revenues	121		815		726		—		1,662
Intersegment	12		9		93		(114)		—
Sales and service revenues	$	1,947	$	4,124	$	890	$	(114)	$	6,847
Customer Type
Federal	$	1,935	$	4,115	$	760	$	—	$	6,810
Commercial	—		—		37		—		37

Intersegment	12		9		93		(114)		—
Sales and service revenues	$	1,947	$	4,124	$	890	$	(114)	$	6,847
Contract Type
Firm fixed-price	$	29	$	30	$	132	$	—	$	191
Fixed-price incentive	1,790		2,121		3		—		3,914
Cost-type	116		1,964		492		—		2,572
Time and materials	—		—		170		—		170
Intersegment	12		9		93		(114)		—
Sales and service revenues	$	1,947	$	4,124	$	890	$	(114)	$	6,847


	Stock Awards (in thousands)	Weighted-Average Grant Date Fair Value		Weighted-Average Remaining Contractual Term (in years)
Total stock awards	509	$	188.84	1.2


	Three Months Ended September 30								Nine Months Ended September 30
					2022 vs. 2021								2022 vs. 2021
($ in millions)	2022		2021		Dollars		Percent		2022		2021		Dollars		Percent
FAS benefit (expense)	$	24	$	(7)	$	31	443	%	$	67	$	(21)	$	88	419	%
CAS cost	11		11		—		—	%	34		38		(4)		(11)	%
FAS/CAS Adjustment	35		4		31		775	%	101		17		84		494	%
Non-operating retirement benefit	(71)		(45)		(26)		(58)	%	(209)		(135)		(74)		(55)	%
Operating FAS/CAS Adjustment	$	(36)	$	(41)	$	5	12	%	$	(108)	$	(118)	$	10	8	%


	September 30, 2022						December 31, 2021
					Total						Total
($ in millions)	Funded		Unfunded		Backlog		Funded		Unfunded		Backlog
Ingalls	$	9,698	$	1,028	$	10,726	$	10,216	$	792	$	11,008
Newport News	11,914		18,675		30,589		11,121		21,198		32,319
Mission Technologies	1,600		3,746		5,346		1,334		3,789		5,123
Total backlog	$	23,212	$	23,449	$	46,661	$	22,671	$	25,779	$	48,450


	Nine Months Ended September 30				2022 vs. 2021

($ in millions)	2022		2021		Dollars
Net cash provided by operating activities	$	165	$	489	$	(324)
Less capital expenditures:
Capital expenditure additions	(179)		(216)		37
Grant proceeds for capital expenditures	—		11		(11)
Free cash flow	$	(14)	$	284	$	(298)


	Three Months Ended September 30								Nine Months Ended September 30
	Pension Benefits				Other Benefits				Pension Benefits				Other Benefits
($ in millions)	2022		2021		2022		2021		2022		2021		2022		2021
Components of Net Periodic Benefit Cost
Service cost	$	45	$	50	$	2	$	2	$	135	$	149	$	7	$	7
Interest cost	65		60		3		4		194		180		10		11
Expected return on plan assets	(148)		(138)		—		—		(446)		(414)		—		—
Amortization of prior service cost (credit)	6		3		(1)		(1)		16		11		(3)		(3)
Amortization of net actuarial loss (gain)	8		28		—		(1)		26		82		(2)		(2)
Settlement gain	(4)		—		—		—		(4)		—		—		—
Net periodic benefit (income) cost	$	(28)	$	3	$	4	$	4	$	(79)	$	8	$	12	$	13


Program Name						Program Description

America class (LHA 6) amphibious assault ships						Design and build large deck amphibious assault ships that provide forward presence and power projection as an integral part of joint, interagency and multinational maritime expeditionary forces. The America class (LHA 6) ships, together with the Wasp class (LHD 1) ships, are the successors to the decommissioned Tarawa class (LHA 1) ships. The America class (LHA 6) ships optimize aviation operations and support capabilities. In 2020, we delivered USS Tripoli (LHA 7), and we were awarded a long-lead-time material and construction contract for LHA 9 (unnamed). We are currently constructing Bougainville (LHA 8).

Arleigh Burke class (DDG 51) destroyers						Build guided missile destroyers designed for conducting anti-air, anti-submarine, anti-surface, and strike operations. The Aegis-equipped Arleigh Burke class (DDG 51) destroyers are the U.S. Navy's primary surface combatant, and have been constructed in variants, allowing technological advances during construction. We delivered USS Paul Ignatius (DDG 117), USS Delbert D. Black (DDG 119), and Frank E. Petersen Jr. (DDG121) in 2019, 2020, and 2021, respectively. We have contracts to construct the following Arleigh Burke class (DDG 51) destroyers: Lenah H. Sutcliffe Higbee (DDG 123), USS Jack H. Lucas (DDG 125), Ted Stevens (DDG 128), Jeremiah Denton (DDG 129), George M. Neal (DDG 131), Sam Nunn (DDG 133), Thad Cochran (DDG 135), John F. Lehman (DDG 137), and Telesforo Trinidad (DDG 139).

Carrier RCOH						Perform refueling and complex overhaul ("RCOH") of nuclear-powered aircraft carriers, which is required at the mid-point of their 50-year life cycle. USS George Washington (CVN 73) arrived at Newport News for the start of its RCOH in August 2017, and USS John C. Stennis (CVN 74) arrived at Newport News for the start of its RCOH in May 2021.

Columbia class (SSBN 826) submarines						Newport News is participating in designing the Columbia class submarine as a replacement for the current aging Ohio class nuclear ballistic missile submarines, which were first introduced into service in 1981. The Ohio class SSBN includes 14 nuclear ballistic missile submarines and four nuclear cruise missile submarines. The Columbia class program plan of record is to construct 12 new ballistic missile submarines. The U.S. Navy has initiated the design process for the new class of submarines, and, in early 2017, the DoD signed the acquisition decision memorandum approving the Columbia class program’s Milestone B, which formally authorizes the program’s entry into the engineering and manufacturing development phase. We perform design work as a subcontractor to Electric Boat, and we have entered into a teaming agreement with Electric Boat to build modules for the entire Columbia class (SSBN 826) submarine program that leverages our Virginia class (SSN 774) experience. We have been awarded contracts from Electric Boat for integrated product and process development, providing long–lead–time material and advance construction, and construction of the first two boats of the Columbia class (SSBN 826) submarine program. Construction of the first Columbia class (SSBN 826) submarine began in 2020.

Defense and federal solutions ("DFS")						Develops integrated solutions that enable today's connected, all–domain force. Capabilities include: command, control, computers, communications, cyber, intelligence, surveillance, and reconnaissance ("C5ISR") systems and operations; the application of artificial intelligence ("AI") and machine learning to battlefield decisions; defensive and offensive cyberspace strategies and electronic warfare ("EW"); and live, virtual, and constructive ("LVC") solutions.


Fleet sustainment						Maintains and modernizes a significant majority of the U.S. Navy fleet, from small watercraft to submarines, combatants, and aircraft carriers, our systems and maintenance experts help the Navy maintain a high state of readiness. Ensures effective system operation and sustainment by actively supporting design and decision–making processes through studies, analyses, and reviews of program documents, and provides a wide range of logistics products.

USS Gerald R. Ford class (CVN 78) aircraft carriers						Design and construction for the Ford class program, which is the aircraft carrier replacement program for the decommissioned Enterprise (CVN 65) and Nimitz class (CVN 68) aircraft carriers. USS Gerald R. Ford (CVN 78), the first ship of the Ford class, was delivered to the U.S. Navy in the second quarter of 2017. In June 2015, we were awarded a contract for the detail design and construction of John F. Kennedy (CVN 79), following several years of engineering, advance construction, and purchase of long-lead-time components and material. In addition, we have received awards for detail design and construction of Enterprise (CVN 80) and Doris Miller (CVN 81). This category also includes the class' non-recurring engineering. The class is expected to bring improved warfighting capability, quality of life improvements for sailors, and reduced life cycle costs.

Legend class National Security Cutter						Design and build the U.S. Coast Guard's National Security Cutters ("NSCs"), the largest and most technically advanced class of cutter in the U.S. Coast Guard. The NSC is equipped to carry out maritime homeland security, maritime safety, protection of natural resources, maritime mobility, and national defense missions. The plan is for a total of 11 ships, of which the first nine ships have been delivered. Calhoun (NSC 10) and Friedman (NSC 11) are currently under construction.

Naval nuclear support services						Provide services to and in support of the U.S. Navy, ranging from services supporting the Navy's carrier and submarine fleets to maintenance services at U.S. Navy training facilities. Naval nuclear support services include design, construction, maintenance, and disposal activities for in-service U.S. Navy nuclear ships worldwide through mobile and in-house capabilities. Services include maintenance services on nuclear reactor prototypes.

Nuclear and environmental services						Supports the national security mission of the Department of Energy ("DoE") through the management and operation of its sites, as well as the safe cleanup of legacy waste across the country. We meet our clients' toughest nuclear and environmental challenges and are positioned to serve the growing commercial nuclear power plant decommissioning market. We participate in several joint ventures, including Newport News Nuclear BWXT Los Alamos, LLC (" N3B"), Mission Support and Test Services, LLC ("MSTS"), and Savannah River Nuclear Solutions, LLC ("SRNS"), and we are an integrated subcontractor to Triad National Security. N3B was awarded the Los Alamos Legacy Cleanup Contract at the DoE/National Nuclear Security Administration’s Los Alamos National Laboratory. MSTS was awarded a contract for site management and operations at the Nevada National Security Site. SRNS provides site management and operations at the DoE’s Savannah River Site near Aiken, South Carolina. Triad provides site management and operations at the DoE’s Los Alamos National Laboratory.

San Antonio class (LPD 17) amphibious transport dock ships						Design and build amphibious transport dock ships, which are warships that embark, transport, and land elements of a landing force for a variety of expeditionary warfare missions, and also serve as the secondary aviation platform for Amphibious Readiness Groups. The San Antonio class (LPD 17) is the newest addition to the U.S. Navy's 21st century amphibious assault force, and these ships are a key element of the U.S. Navy's seabase transformation. In 2022, we delivered USS Fort Lauderdale (LPD 28). We are currently constructing Richard M. McCool Jr. (LPD 29), Harrisburg (LPD 30), and Pittsburgh (LPD 31).


Unmanned systems						Creates advanced unmanned maritime solutions for defense, marine research, and commercial applications. Serving customers in more than 30 countries, unmanned systems provides design, autonomy, manufacturing, testing, operations, and sustainment of unmanned systems, including unmanned underwater vehicles and unmanned surface vessels.

Virginia class (SSN 774) fast attack submarines						Construct attack submarines as the principal subcontractor to Electric Boat. The Virginia class (SSN 774) is a post-Cold War design tailored to excel in a wide range of warfighting missions, including anti-submarine and surface ship warfare; special operation forces; strike; intelligence, surveillance, and reconnaissance; carrier and expeditionary strike group support; and mine warfare.


Period	Total Number of Shares Purchased1	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Program	Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (in millions)2, 3
July 1, 2022 to July 31, 2022	30,654	$	210.14	30,654	$	1,007.7
August 1, 2022 to August 31, 2022	10,794	232.13		10,794	1,005.2
September 1, 2022 to September 30, 2022	24,774	231.14		24,396	999.6
Total	66,222	$	221.58	65,844	$	999.6


3.1						Restated Certificate of Incorporation of Huntington Ingalls Industries, Inc., filed March 30, 2011 (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on April 4, 2011).

3.2						Certificate of Amendment to the Restated Certificate of Incorporation of Huntington Ingalls Industries, Inc., dated May 28, 2014 (incorporated by reference to Exhibit 3.2 to the Company's Quarterly Report on Form 10-Q filed on August 7, 2014).

3.3						Certificate of Amendment to the Restated Certificate of Incorporation of Huntington Ingalls Industries, Inc., dated May 21, 2015 (incorporated by reference to Exhibit 3.3 to the Company's Quarterly Report on Form 10-Q filed on August 6, 2015).

3.4						Certificate of Amendment to the Restated Certificate of Incorporation of Huntington Ingalls Industries, Inc., dated May 12, 2021 (incorporated by reference to Annex B to the Proxy Statement filed on March 19, 2021).

3.5						Restated Bylaws of Huntington Ingalls Industries, Inc. (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed on March 30, 2021).

31.1						Certification of the Chief Executive Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2						Certification of the Chief Financial Officer Pursuant to Exchange Act Rule 13a-14(a)/15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1						Certificate of the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2						Certificate of the Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101						The following financial information for the Company, formatted in XBRL (Extensible Business Reporting Language): (i) the Condensed Consolidated Statements of Operations and Comprehensive Income, (ii) the Condensed Consolidated Statements of Financial Position, (iii) the Condensed Consolidated Statements of Cash Flows, (iv) the Condensed Consolidated Statements of Changes in Equity, and (v) the Notes to Condensed Consolidated Financial Statements.

104						The cover page from the Company’s Quarterly Report on Form 10-Q, formatted in Inline XBRL and contained in Exhibit 101.


Date:	November 3, 2022	Huntington Ingalls Industries, Inc.
		(Registrant)

		By:	/s/ Nicolas Schuck
			Nicolas Schuck
			Corporate Vice President, Controller and Chief Accounting Officer
			(Duly Authorized Officer and Principal Accounting Officer)


			/s/ Christopher D. Kastner
			Christopher D. Kastner
			President and Chief Executive Officer


			/s/ Thomas E. Stiehle
			Thomas E. Stiehle
			Executive Vice President and Chief Financial Officer