Huntington Ingalls Incorporated — Federal Contractor Profile
Huntington Ingalls Incorporated: $325.78 Billion in Naval Shipbuilding Contracts
Contractor Overview
Total Contract Value: $32,578,122,127,339 ($32.6T)
Total Awards: 11537
Company Profile
Huntington Ingalls Incorporated (HII) is a leading U.S. naval shipbuilding and marine systems company, specializing in the design, construction, and modernization of ships for the U.S. Navy. With a total government contract value of $325.78 billion and 11,537 contracts, HII plays a crucial role in the defense sector, focusing on naval vessels and maritime systems. The company's core capabilities include shipbuilding, ship repair, and maintenance, as well as the design and construction of submarines. HII's extensive portfolio of contracts with the U.S. Navy indicates a high level of dependency on this single agency, which poses significant risks. The company's track record includes notable projects such as the construction of the Gerald R. Ford-class aircraft carriers and the Virginia-class submarines. HII's business strategy is heavily reliant on long-term contracts and recompetes, which have historically been won through competitive bidding. However, the lack of recent contracts and the absence of competitive wins in recent years suggest a potential shift in the company's market position. HII's performance has been generally strong, with a focus on maintaining high standards of quality and safety in shipbuilding. Compared to industry peers, HII is a dominant player in the naval shipbuilding sector, with a strong market position and a significant share of the U.S. Navy's shipbuilding contracts. The company's outlook is stable, with a focus on maintaining its current market share and exploring new opportunities in the maritime sector.
Specializations
- Naval shipbuilding
- Submarine construction
- Ship repair and maintenance
- Maritime systems design
- Aircraft carrier construction
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 99.99% (all contracts are competitive)
Agency Concentration: high
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 90% (recompetes and renewals are common)
Competitive Position
Huntington Ingalls Incorporated is a dominant player in the naval shipbuilding sector, with a strong market position and a significant share of the U.S. Navy's shipbuilding contracts. The company's expertise in naval shipbuilding, submarine construction, and aircraft carrier construction sets it apart from its competitors. HII's competitive history and consistent performance in winning contracts through competitive bidding indicate a strong market position and a robust business strategy.
Value to Taxpayers
Huntington Ingalls Incorporated provides significant value to taxpayers through its expertise in naval shipbuilding and maritime systems. The company's focus on maintaining high standards of quality and safety in shipbuilding ensures that the U.S. Navy receives reliable and capable vessels. However, the high contract values and the lack of recent competitive wins suggest that the company may be overvalued in the market. A detailed financial breakdown and performance history would be necessary to fully assess the value provided to taxpayers.
Agency Relationships
Huntington Ingalls Incorporated has a high dependency on the U.S. Navy, which accounts for the majority of its contracts. This concentration poses significant risks, as any changes in the Navy's budget or priorities could have a substantial impact on HII's business. The company's strong relationship with the Navy is a key factor in its success, but the lack of diversification in its client base raises concerns about dependency risks.
Red Flags
- High dependency on the U.S. Navy, which poses significant risks if there are budget cuts or changes in priorities.
- Lack of recent competitive wins, indicating a potential shift in the company's market position.
- No recent contracts available, suggesting a possible slowdown in new business opportunities.
Green Flags
- Strong performance history and consistent quality in shipbuilding.
- Focus on maintaining high standards of quality and safety in shipbuilding.
- Diverse portfolio of contracts, with a significant share of the U.S. Navy's shipbuilding contracts.
Key Contracts
Huntington Ingalls Incorporated has been involved in several significant contracts, including the construction of the Gerald R. Ford-class aircraft carriers and the Virginia-class submarines. These projects have been critical to the U.S. Navy's modernization efforts and have demonstrated HII's capabilities in naval shipbuilding and submarine construction. The company's track record in these projects has been strong, with a focus on maintaining high standards of quality and safety. These contracts reveal HII's strategic direction, which is heavily reliant on long-term contracts and recompetes. The company's performance in these projects has been consistent, with a focus on delivering reliable and capable vessels to the U.S. Navy. However, the lack of recent competitive wins and the absence of new contracts suggest a potential shift in the company's market position and a need for diversification in its client base.
Frequently Asked Questions
What does Huntington Ingalls Incorporated do for the federal government?
Huntington Ingalls Incorporated specializes in the design, construction, and modernization of ships for the U.S. Navy. The company's core capabilities include naval shipbuilding, submarine construction, ship repair, and maintenance, as well as the design and construction of aircraft carriers and submarines. HII plays a crucial role in the defense sector, focusing on naval vessels and maritime systems.
How much taxpayer money does Huntington Ingalls Incorporated receive?
Huntington Ingalls Incorporated has received a total of $325.78 billion in government contracts, with an average contract size of $282,37,94,932. The company's contracts are primarily with the U.S. Navy, which accounts for the majority of its business. The high contract values and the lack of recent competitive wins suggest that the company may be overvalued in the market.
Is Huntington Ingalls Incorporated good value for taxpayer money?
Huntington Ingalls Incorporated provides significant value to taxpayers through its expertise in naval shipbuilding and maritime systems. The company's focus on maintaining high standards of quality and safety in shipbuilding ensures that the U.S. Navy receives reliable and capable vessels. However, the high contract values and the lack of recent competitive wins suggest that the company may be overvalued in the market. A detailed financial breakdown and performance history would be necessary to fully assess the value provided to taxpayers.
How does Huntington Ingalls Incorporated win its contracts?
Huntington Ingalls Incorporated primarily wins its contracts through competitive bidding. The company's strong performance history and consistent quality in shipbuilding have contributed to its success in winning contracts. However, the lack of recent competitive wins and the absence of new contracts suggest a potential shift in the company's market position and a need for diversification in its client base.
What agencies use Huntington Ingalls Incorporated most?
Huntington Ingalls Incorporated has a high dependency on the U.S. Navy, which accounts for the majority of its contracts. The company's strong relationship with the Navy is a key factor in its success, but the lack of diversification in its client base raises concerns about dependency risks. The U.S. Navy's budget and priorities can significantly impact HII's business, making it a critical factor in the company's performance.
What are the risks of relying on Huntington Ingalls Incorporated?
The high dependency on the U.S. Navy poses significant risks for Huntington Ingalls Incorporated. Any changes in the Navy's budget or priorities could have a substantial impact on the company's business. The lack of recent competitive wins and the absence of new contracts suggest a potential shift in the company's market position and a need for diversification in its client base. The company's strong performance history and consistent quality in shipbuilding are positive indicators, but the lack of recent competitive wins and the absence of new contracts raise concerns about the company's future prospects.
How does Huntington Ingalls Incorporated compare to similar contractors?
Huntington Ingalls Incorporated is a dominant player in the naval shipbuilding sector, with a strong market position and a significant share of the U.S. Navy's shipbuilding contracts. The company's expertise in naval shipbuilding, submarine construction, and aircraft carrier construction sets it apart from its competitors. HII's competitive history and consistent performance in winning contracts through competitive bidding indicate a strong market position and a robust business strategy. However, the lack of recent competitive wins and the absence of new contracts suggest a potential shift in the company's market position and a need for diversification in its client base.
Recent Federal Contracts
Huntington Ingalls Incorporated has over 25 federal contracts on record. Below are the largest awards: