Huntington Ingalls Industries, Inc 10-Q for FY2024 Q2

Huntington Ingalls Industries, Inc. (HII)

10-Q 2024-08-01 For: 2024-06-30

Added on April 08, 2026

About this 10-Q

Huntington Ingalls Industries, Inc filed this 10-Q on August 1, 2024, covering the quarter ended June 30, 2024 (FY2024 Q2).

Headline figures

Quarter ended June 30, 2024, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $2.98B; up 6.8% from $2.79B a year earlier
Net income: $173M; up 33.1% from net income of $130M a year earlier
Diluted EPS: $4.38; up 33.9% from $3.27 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	31
Item 4.	Controls and Procedures	32

	PART II – OTHER INFORMATION

Item 1.	Legal Proceedings	33
Item 1A.	Risk Factors	33
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	33
Item 3.	Defaults Upon Senior Securities	33
Item 4.	Mine Safety Disclosures	33
Item 5.	Other Information	34
Item 6.	Exhibits	34

Signatures		35


	Three Months Ended June 30				Six Months Ended June 30
(in millions, except per share amounts)	2024		2023		2024		2023
Sales and service revenues
Product sales	$	1,926	$	1,879	$	3,713	$	3,708
Service revenues	1,051		908		2,069		1,753
Sales and service revenues	2,977		2,787		5,782		5,461
Cost of sales and service revenues
Cost of product sales	1,627		1,602		3,164		3,170
Cost of service revenues	918		796		1,811		1,552
Income from operating investments, net	11		4		23		16
Other income and gains, net	1		1		—		—
General and administrative expenses	255		238		487		458

Operating income	189		156		343		297
Other income (expense)
Interest expense	(24)		(24)		(45)		(48)
Non-operating retirement benefit	46		37		90		74
Other, net	5		—		12		9
Earnings before income taxes	216		169		400		332
Federal and foreign income tax expense	43		39		74		73
Net earnings	$	173	$	130	$	326	$	259

Basic earnings per share	$	4.38	$	3.27	$	8.25	$	6.49
Weighted-average common shares outstanding	39.5		39.8		39.5		39.9

Diluted earnings per share	$	4.38	$	3.27	$	8.25	$	6.49
Weighted-average diluted shares outstanding	39.5		39.8		39.5		39.9

Dividends declared per share	$	1.30	$	1.24	$	2.60	$	2.48

Net earnings from above	$	173	$	130	$	326	$	259
Other comprehensive income
Change in unamortized benefit plan costs	4		5		9		9

Tax expense for items of other comprehensive income	—		(1)		(2)		(2)
Other comprehensive income, net of tax	4		4		7		7
Comprehensive income	$	177	$	134	$	333	$	266


($ in millions)	June 30, 2024		December 31, 2023
Assets
Current Assets
Cash and cash equivalents	$	11	$	430
Accounts receivable, net of allowance for expected credit losses of $2 million as of 2024 and $8 million as of 2023	706		461
Contract assets	1,694		1,537
Inventoried costs	198		186
Income taxes receivable	197		183

Prepaid expenses and other current assets	106		83
Total current assets	2,912		2,880
Property, plant, and equipment, net of accumulated depreciation of $2,494 million as of 2024 and $2,467 million as of 2023	3,342		3,296
Operating lease assets	259		262
Goodwill	2,618		2,618
Other intangible assets, net of accumulated amortization of $1,063 million as of 2024 and $1,009 million as of 2023	837		891
Pension plan assets	952		888

Miscellaneous other assets	390		380
Total assets	$	11,310	$	11,215
Liabilities and Stockholders' Equity
Current Liabilities
Trade accounts payable	$	652	$	554
Accrued employees’ compensation	354		382
Short-term debt and current portion of long-term debt	942		231
Current portion of postretirement plan liabilities	129		129
Current portion of workers’ compensation liabilities	225		224
Contract liabilities	886		1,063


Other current liabilities	375		449
Total current liabilities	3,563		3,032
Long-term debt	1,715		2,214
Pension plan liabilities	216		212
Other postretirement plan liabilities	235		241
Workers’ compensation liabilities	451		449
Long-term operating lease liabilities	224		228
Deferred tax liabilities	341		367
Other long-term liabilities	387		379
Total liabilities	7,132		7,122
Commitments and Contingencies (Note 10)
Stockholders’ Equity
Common stock, $0.01 par value; 150,000,000 shares authorized; 53,710,514 shares issued and 39,260,208 shares outstanding as of 2024, and 53,595,748 shares issued and 39,618,880 shares outstanding as of 2023	1		1
Additional paid-in capital	2,029		2,045
Retained earnings	4,977		4,755
Treasury stock	(2,414)		(2,286)
Accumulated other comprehensive loss	(415)		(422)
Total stockholders’ equity	4,178		4,093
Total liabilities and stockholders’ equity	$	11,310	$	11,215


☒			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 June 30, 2024 and 2023 ($ in millions)	Common Stock		Additional Paid-in Capital		Retained Earnings (Deficit)		Treasury Stock		Accumulated Other Comprehensive Income (Loss)		Total Stockholders' Equity
Balance as of March 31, 2023	$	1	$	2,024	$	4,354	$	(2,220)	$	(596)	$	3,563
Net earnings	—		—		130		—		—		130
Dividends declared ($1.24 per share)	—		—		(50)		—		—		(50)
Stock-based compensation	—		6		—		—		—		6
Other comprehensive income, net of tax	—		—		—		—		4		4

Treasury stock activity	—		—		—		(7)		—		(7)
Balance as of June 30, 2023	$	1	$	2,030	$	4,434	$	(2,227)	$	(592)	$	3,646

Balance as of March 31, 2024	$	1	$	2,038	$	4,855	$	(2,349)	$	(419)	$	4,126
Net earnings	—		—		173		—		—		173
Dividends declared ($1.30 per share)	—		—		(51)		—		—		(51)
Stock-based compensation	—		(9)		—		—		—		(9)
Other comprehensive income, net of tax	—		—		—		—		4		4

Treasury stock activity	—		—		—		(65)		—		(65)
Balance as of June 30, 2024	$	1	$	2,029	$	4,977	$	(2,414)	$	(415)	$	4,178

Six Months Ended June 30, 2024 and 2023 ($ 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, 2022	$	1	$	2,022	$	4,276	$	(2,211)	$	(599)	$	3,489
Net earnings	—		—		259		—		—		259
Dividends declared ($2.48 per share)	—		—		(99)		—		—		(99)
Stock-based compensation	—		8		(2)		—		—		6
Other comprehensive income, net of tax	—		—		—		—		7		7

Treasury stock activity	—		—		—		(16)		—		(16)
Balance as of June 30, 2023	$	1	$	2,030	$	4,434	$	(2,227)	$	(592)	$	3,646

Balance as of December 31, 2023	$	1	$	2,045	$	4,755	$	(2,286)	$	(422)	$	4,093
Net earnings	—		—		326		—		—		326
Dividends declared ($2.60 per share)	—		—		(102)		—		—		(102)
Stock-based compensation	—		(16)		(2)		—		—		(18)
Other comprehensive income, net of tax	—		—		—		—		7		7

Treasury stock activity	—		—		—		(128)		—		(128)
Balance as of June 30, 2024	$	1	$	2,029	$	4,977	$	(2,414)	$	(415)	$	4,178


($ in millions)	Benefit Plans		Other		Total
Balance as of March 31, 2023	$	(596)	$	—	$	(596)

Amounts reclassified from accumulated other comprehensive loss
Amortization of prior service cost1	5		—		5



Tax expense for items of other comprehensive income	(1)		—		(1)
Net current period other comprehensive income	4		—		4
Balance as of June 30, 2023	$	(592)	$	—	$	(592)

Balance as of March 31, 2024	$	(419)	$	—	$	(419)

Amounts reclassified from accumulated other comprehensive loss
Amortization of prior service cost1	4		—		4




Net current period other comprehensive income	4		—		4
Balance as of June 30, 2024	$	(415)	$	—	$	(415)


	Three Months Ended June 30, 2024
($ in millions)	Ingalls		Newport News		Mission Technologies		Intersegment Eliminations		Total
Revenue Type
Product sales	$	631	$	1,263	$	32	$	—	$	1,926
Service revenues	80		271		700		—		1,051
Intersegment	1		1		33		(35)		—
Sales and service revenues	$	712	$	1,535	$	765	$	(35)	$	2,977
Customer Type
Federal	$	711	$	1,533	$	730	$	—	$	2,974
Commercial	—		1		1		—		2
State and local government agencies	—		—		1		—		1
Intersegment	1		1		33		(35)		—
Sales and service revenues	$	712	$	1,535	$	765	$	(35)	$	2,977
Contract Type
Firm fixed-price	$	1	$	2	$	85	$	—	$	88
Fixed-price incentive	630		812		3		—		1,445
Cost-type	80		720		599		—		1,399
Time and materials	—		—		45		—		45
Intersegment	1		1		33		(35)		—
Sales and service revenues	$	712	$	1,535	$	765	$	(35)	$	2,977


	Three Months Ended June 30, 2023
($ in millions)	Ingalls		Newport News		Mission Technologies		Intersegment Eliminations		Total
Revenue Type
Product sales	$	604	$	1,247	$	28	$	—	$	1,879
Service revenues	57		262		589		—		908
Intersegment	3		—		28		(31)		—
Sales and service revenues	$	664	$	1,509	$	645	$	(31)	$	2,787
Customer Type
Federal	$	661	$	1,509	$	608	$	—	$	2,778
Commercial	—		—		9		—		9

Intersegment	3		—		28		(31)		—
Sales and service revenues	$	664	$	1,509	$	645	$	(31)	$	2,787
Contract Type
Firm fixed-price	$	—	$	2	$	84	$	—	$	86
Fixed-price incentive	606		824		1		—		1,431
Cost-type	55		683		476		—		1,214
Time and materials	—		—		56		—		56
Intersegment	3		—		28		(31)		—
Sales and service revenues	$	664	$	1,509	$	645	$	(31)	$	2,787


	Six Months Ended June 30, 2024
($ in millions)	Ingalls		Newport News		Mission Technologies		Intersegment Eliminations		Total
Revenue Type
Product sales	$	1,217	$	2,439	$	57	$	—	$	3,713
Service revenues	147		528		1,394		—		2,069
Intersegment	3		2		64		(69)		—
Sales and service revenues	$	1,367	$	2,969	$	1,515	$	(69)	$	5,782
Customer Type
Federal	$	1,364	$	2,966	$	1,447	$	—	$	5,777
Commercial	—		1		3		—		4
State and local government agencies	—		—		1		—		1
Intersegment	3		2		64		(69)		—
Sales and service revenues	$	1,367	$	2,969	$	1,515	$	(69)	$	5,782
Contract Type
Firm fixed-price	$	2	$	4	$	167	$	—	$	173
Fixed-price incentive	1,216		1,600		5		—		2,821
Cost-type	146		1,363		1,192		—		2,701
Time and materials	—		—		87		—		87
Intersegment	3		2		64		(69)		—
Sales and service revenues	$	1,367	$	2,969	$	1,515	$	(69)	$	5,782


	Six Months Ended June 30, 2023
($ in millions)	Ingalls		Newport News		Mission Technologies		Intersegment Eliminations		Total
Revenue Type
Product sales	$	1,138	$	2,518	$	52	$	—	$	3,708
Service revenues	98		496		1,159		—		1,753
Intersegment	5		1		58		(64)		—
Sales and service revenues	$	1,241	$	3,015	$	1,269	$	(64)	$	5,461
Customer Type
Federal	$	1,236	$	3,014	$	1,189	$	—	$	5,439
Commercial	—		—		22		—		22

Intersegment	5		1		58		(64)		—
Sales and service revenues	$	1,241	$	3,015	$	1,269	$	(64)	$	5,461
Contract Type
Firm fixed-price	$	2	$	2	$	159	$	—	$	163
Fixed-price incentive	1,139		1,653		1		—		2,793
Cost-type	95		1,359		943		—		2,397
Time and materials	—		—		108		—		108
Intersegment	5		1		58		(64)		—
Sales and service revenues	$	1,241	$	3,015	$	1,269	$	(64)	$	5,461


	Three Months Ended June 30				Six Months Ended June 30
($ in millions, except per share amounts)	2024		2023		2024		2023
Effect on operating income	$	24	$	20	$	26	$	29
Effect on diluted earnings per share	$	0.48	$	0.41	$	0.51	$	0.58


	Three Months Ended June 30								Six Months Ended June 30
	Pension Benefits				Other Benefits				Pension Benefits				Other Benefits
($ in millions)	2024		2023		2024		2023		2024		2023		2024		2023
Components of net periodic benefit cost
Service cost	$	27	$	28	$	2	$	2	$	54	$	56	$	3	$	3
Interest cost	81		86		4		5		161		172		9		10
Expected return on plan assets	(135)		(133)		—		—		(269)		(265)		—		—
Amortization of prior service cost (credit)	4		5		—		—		8		9		(1)		(1)
Amortization of net actuarial loss (gain)	4		4		(4)		(4)		9		8		(7)		(7)

Net periodic benefit (income) cost	$	(19)	$	(10)	$	2	$	3	$	(37)	$	(20)	$	4	$	5


	Six Months Ended June 30
($ in millions)	2024		2023
Operating Activities:
Net earnings	$	326	$	259
Adjustments to reconcile net cash provided by (used in) operating activities:
Depreciation	106		110
Amortization of purchased intangibles	54		64
Other non-cash transactions, net	2		14
Stock-based compensation	7		18

Deferred income taxes	(28)		(62)




Gain on investments in marketable securities	(11)		(12)

Change in
Accounts receivable	(239)		(149)
Contract assets	(157)		(27)
Inventoried costs	(12)		(7)
Prepaid expenses and other assets	(38)		(42)
Accounts payable and accruals	(164)		(57)
Retiree benefits	(57)		(36)
Net cash provided by (used in) operating activities	(211)		73
Investing Activities:
Capital expenditures
Capital expenditure additions	(165)		(111)
Grant proceeds for capital expenditures	3		3
Investment in affiliates	—		(24)
Proceeds from equity method investments	—		61


Other investing activities, net	—		1
Net cash used in investing activities	(162)		(70)
Financing Activities:

Repayment of long-term debt	(229)		(30)
Proceeds from revolving credit facility borrowings	42		—


	Stock Awards (in thousands)	Weighted-Average Grant Date Fair Value		Weighted-Average Remaining Contractual Term (in years)
Total stock awards	550	$	221.69	1.2


	June 30, 2024						December 31, 2023
($ in millions)	Funded		Unfunded		Total Backlog		Funded		Unfunded		Total Backlog
Ingalls	$	13,917	$	2,232	$	16,149	$	12,546	$	3,201	$	15,747
Newport News	12,006		15,468		27,474		11,890		15,349		27,239
Mission Technologies	1,521		3,392		4,913		1,545		3,590		5,135
Total backlog	$	27,444	$	21,092	$	48,536	$	25,981	$	22,140	$	48,121


	Six Months Ended June 30				2024 vs. 2023

($ in millions)	2024		2023		Dollars
Net earnings	$	326	$	259	$	67
Depreciation and amortization of purchased intangible assets	160		174		(14)
Other non-cash transactions, net	2		14		(12)
Stock-based compensation	7		18		(11)

Deferred income taxes	(28)		(62)		34




Gain on investments in marketable securities	(11)		(12)		1

Retiree benefits	(57)		(36)		(21)
Trade working capital increase	(610)		(282)		(328)
Net cash provided by (used in) operating activities	$	(211)	$	73	$	(284)


	Sales and Service Revenues								Segment Cost of Product Sales and Service Revenues
($ in millions)	Three Months Ended June 30				2024 vs. 2023				Three Months Ended June 30				2024 vs. 2023
Segment Information	2024		2023		Dollars		Percent		2024		2023		Dollars		Percent
Ingalls
Product	$	631	$	604	$	27	4	%	$	533	$	496	$	37	7	%
Service	80		57		23		40	%	67		49		18		37	%
Intersegment	1		3		(2)		(67)	%	1		3		(2)		(67)	%
Total Ingalls	712		664		48		7	%	601		548		53		10	%
Newport News
Product	1,263		1,247		16		1	%	1,054		1,056		(2)		—	%
Service	271		262		9		3	%	225		222		3		1	%
Intersegment	1		—		1		—	%	1		—		1		—	%
Total Newport News	1,535		1,509		26		2	%	1,280		1,278		2		—	%
Mission Technologies
Product	32		28		4		14	%	27		35		(8)		(23)	%
Service	700		589		111		19	%	624		523		101		19	%
Intersegment	33		28		5		18	%	33		28		5		18	%
Total Mission Technologies	765		645		120		19	%	684		586		98		17	%
Segment Totals
Product	$	1,926	$	1,879	$	47	3	%	$	1,614	$	1,587	$	27	2	%
Service	1,051		908		143		16	%	916		794		122		15	%
Total Segment1	$	2,977	$	2,787	$	190	7	%	$	2,530	$	2,381	$	149	6	%


Program Name						Program Description

Aircraft 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 John C. Stennis (CVN 74) arrived at Newport News for the start of its RCOH in May 2021, and USS George Washington (CVN 73) was redelivered to the U.S. Navy in May 2023.

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. We are currently constructing Bougainville (LHA 8) and Fallujah (LHA 9). In 2023, we were awarded a long-lead-time material contract for Helmand Province (LHA 10).

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 Frank E. Petersen Jr. (DDG 121), USS Lenah H. Sutcliffe Higbee (DDG 123), and USS Jack H. Lucas (DDG 125) in 2021, 2022, and 2023, respectively. We have contracts to construct the following Arleigh Burke class (DDG 51) destroyers: 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), Telesforo Trinidad (DDG 139), Ernest E. Evans (DDG 141), Charles J. French (DDG 142), and Richard J. Danzig (DDG 143).

Columbia class (SSBN 826) submarines						Design and construct modules for Columbia class (SSBN 826) nuclear ballistic missile submarines ("SSBNs") as a subcontractor to Electric Boat. SSBNs are the most secure and survivable of our nation’s nuclear deterrent triad. Columbia class SSBNs will carry approximately 70 percent of the nation’s nuclear arsenal. The Columbia class (SSBN 826) program plan of record is to construct 12 new SSBNs to replace the current aging Ohio class. We have 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. In 2023, we received an award modification for long-lead-time material and advance construction for the next five boats.

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. There were 11 ships planned for this program, of which the first ten ships have been delivered, and Friedman (NSC 11) is 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 DoE 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), and we were awarded a long-lead-time material contract for Philadelphia (LPD 32). In 2023, we received an award modification for the detail design and construction of Philadelphia (LPD 32). We are currently constructing Richard M. McCool Jr. (LPD 29), Harrisburg (LPD 30), and Pittsburgh (LPD 31).

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 Purchased	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)1,2
April 1, 2024 to April 30, 2024	80,003	$	279.55	80,003	$	1,430.0
May 1, 2024 to May 31, 2024	69,769	249.81		69,769	1,412.6
June 1, 2024 to June 30, 2024	100,337	248.12		100,337	1,387.7
Total	250,109	$	258.65	250,109	$	1,387.7


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 November 8, 2022).

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:	August 1, 2024	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