Huntington Ingalls stock gets a USD 5.10 billion Navy contract

Published on 10/04/2026 at 23:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Huntington Ingalls stock now carries a USD 10.6 billion market value as of October 2, 2026. Q2 revenue reached USD 3.42 billion, up 10.9 percent year over year.

Flatlay: Aktienzertifikat, ISIN-Karte US4464131063, Schiffsbauzeichnungen und Präzisionswerkzeuge — Huntington Ingalls Aktien Zertifikat mit ISIN Karte US4464131063 und Schiffsbau Utensilien im Flatlay, Illustration mit AI erstellt.

Huntington Ingalls (ISIN US4464131063) was last at USD 268.54 on the NYSE on October 2, 2026 at 4:00 p.m. ET, down 2.11 percent on the session. The company is now executing a major carrier overhaul after a Navy award dated September 29, 2026, while its second-quarter figures show higher revenue and earnings. For investors, the contract adds backlog visibility, but margin execution remains central.

USD 5.10 billion carrier award

According to Army Recognition, Huntington Ingalls received a USD 5.10 billion fixed-ceiling incentive contract to refuel and modernize the USS Harry S. Truman. The award includes options that could raise the total value to USD 5,183,380,744, with completion scheduled for November 2031 at Newport News, Virginia.

The project covers both nuclear reactors, propulsion equipment, combat systems and thousands of compartments. That combination gives Newport News a long-duration workload and links the contract directly to the company's carrier maintenance franchise.

Q2 revenue reaches USD 3.4 billion

For the quarter ended June 30, 2026, Huntington Ingalls reported revenue of USD 3.4 billion, up 10.9 percent year over year, according to The Spec. Net earnings reached USD 208 million, or USD 5.27 in diluted earnings per share, and shipbuilding revenue guidance for fiscal year 2026 rose to USD 10.2 billion to USD 10.4 billion.

The same report put second-quarter contract awards at USD 6.7 billion and total backlog at USD 57.3 billion. Revenue growth therefore came with a larger forward workload, although the business still depends on converting shipyard throughput into cash and operating margin.

Goldman Sachs sets USD 439 target

CNBC reported on October 2, 2026 that Goldman Sachs added Huntington Ingalls to its October conviction list with a USD 439 price target. The bank had removed the company from the list in March after margin disappointment, making the renewed inclusion a direct statement on the recovery case.

The target is materially above the October 2 stock price, while the market continues to value the company below its 52-week high. The key test is whether the USD 57.3 billion backlog and new carrier work translate into the higher throughput and margins investors expect.

Stock remains below yearly high

Huntington Ingalls stock was last at USD 268.54 on the NYSE on October 2, 2026 at 4:00 p.m. ET. The price stood 41.62 percent below the 52-week high of USD 460.00 and 4.58 percent above the 52-week low of USD 256.79, with a market capitalization of USD 10.6 billion and volume of 655,234 shares.