Record Third Quarter Sales
HII reported record third quarter sales of $3.2 billion, with shipbuilding sales growth of 18% year-over-year and Mission Technologies sales growth of 11%.
Strong Backlog and Contract Awards
Third quarter contract awards totaled $2 billion, with a backlog of $56 billion, $33 billion of which is funded.
Operational Improvements
HII achieved a 15% throughput improvement for 2025, with significant hiring of over 4,600 shipbuilders year-to-date and improved retention rates.
Strategic Partnerships and Innovations
Key partnerships were announced with Babcock International, Shield AI, and Thales, focusing on unmanned systems and advanced capabilities.
Financial Performance and Guidance
Third quarter revenues increased by 16.1% year-over-year, with segment operating income and margin improvements. Updated free cash flow guidance for 2025 is between $550 million and $650 million.