HUNTINGTON INGALLS INDUSTRIES, INC.
For the period ended Jun 30, 2026. Filed Jul 30, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 30, 2026
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Segment Information
- SEGMENT INFORMATION
The following tables present the Company's operating results by segment:
| ($ in millions) · Ingalls · Newport News · Mission Technologies · Intersegment Eliminations · Total | ||||||
|---|---|---|---|---|---|---|
| Sales and Service Revenues | ||||||
| Product sales | $721 | $1,520 | $30 | $— | $2,271 | |
| Service revenues | 122 | 329 | 696 | — | 1,147 | |
| Intersegment | 2 | — | 34 | (36) | — | |
| Total sales and service revenues | 845 | 1,849 | 760 | (36) | 3,418 | |
| Segment Operating Income | ||||||
| Income from operating investments, net | — | — | 21 | — | 21 | |
| Less: | ||||||
| Cost of sales and service revenues | ||||||
| Product | 631 | 1,327 | 20 | — | 1,978 | |
| Service | 111 | 275 | 615 | — | 1,001 | |
| Intersegment | 2 | — | 34 | (36) | — | |
| Other segment items | 43 | 136 | 57 | — | 236 | |
| Total segment operating income | $58 | $111 | $55 | $— | 224 | |
| Non-segment factors affecting operating income | ||||||
| Operating FAS/CAS Adjustment | (8) | |||||
| Non-current state income taxes | (6) | |||||
| Total operating income | $210 | |||||
| ($ in millions) · Ingalls · Newport News · Mission Technologies · Intersegment Eliminations · Total | ||||||
|---|---|---|---|---|---|---|
| Sales and Service Revenues | ||||||
| Product sales | $610 | $1,319 | $28 | $— | $1,957 | |
| Service revenues | 111 | 283 | 731 | — | 1,125 | |
| Intersegment | 3 | 1 | 32 | (36) | — | |
| Total sales and service revenues | 724 | 1,603 | 791 | (36) | 3,082 | |
| Segment Operating Income | ||||||
| Income from operating investments, net | — | — | 8 | — | 8 | |
| Less: | ||||||
| Cost of sales and service revenues | ||||||
| Product | 526 | 1,145 | 20 | — | 1,691 | |
| Service | 100 | 234 | 656 | — | 990 | |
| Intersegment | 3 | 1 | 32 | (36) | — | |
| Other segment items | 41 | 141 | 55 | — | 237 | |
| Total segment operating income | $54 | $82 | $36 | $— | 172 | |
| Non-segment factors affecting operating income | ||||||
| Operating FAS/CAS Adjustment | (6) | |||||
| Non-current state income taxes | (3) | |||||
| Total operating income | $163 | |||||
| ($ in millions) · Ingalls · Newport News · Mission Technologies · Intersegment Eliminations · Total | ||||||
|---|---|---|---|---|---|---|
| Sales and Service Revenues | ||||||
| Product sales | $1,335 | $2,884 | $56 | $— | $4,275 | |
| Service revenues | 230 | 630 | 1,382 | — | 2,242 | |
| Intersegment | 5 | — | 70 | (75) | — | |
| Total sales and service revenues | 1,570 | 3,514 | 1,508 | (75) | 6,517 | |
| Segment Operating Income | ||||||
| Income from operating investments, net | — | — | 26 | — | 26 | |
| Less: | ||||||
| Cost of sales and service revenues | ||||||
| Product | 1,162 | 2,506 | 44 | — | 3,712 | |
| Service | 207 | 530 | 1,212 | — | 1,949 | |
| Intersegment | 5 | — | 70 | (75) | — | |
| Other segment items | 89 | 279 | 118 | — | 486 | |
| Total segment operating income | $107 | $199 | $90 | $— | 396 | |
| Non-segment factors affecting operating income | ||||||
| Operating FAS/CAS Adjustment | (17) | |||||
| Non-current state income taxes | (14) | |||||
| Total operating income | $365 | |||||
| ($ in millions) · Ingalls · Newport News · Mission Technologies · Intersegment Eliminations · Total | ||||||
|---|---|---|---|---|---|---|
| Sales and Service Revenues | ||||||
| Product sales | $1,136 | $2,479 | $55 | $— | $3,670 | |
| Service revenues | 218 | 519 | 1,409 | — | 2,146 | |
| Intersegment | 7 | 1 | 62 | (70) | — | |
| Total sales and service revenues | 1,361 | 2,999 | 1,526 | (70) | 5,816 | |
| Segment Operating Income | ||||||
| Income from operating investments, net | — | — | 21 | — | 21 | |
| Less: | ||||||
| Cost of sales and service revenues | ||||||
| Product | 978 | 2,116 | 40 | — | 3,134 | |
| Service | 190 | 427 | 1,260 | — | 1,877 | |
| Intersegment | 7 | 1 | 62 | (70) | — | |
| Other segment items | 86 | 288 | 109 | — | 483 | |
| Total segment operating income | $100 | $167 | $76 | $— | 343 | |
| Non-segment factors affecting operating income | ||||||
| Operating FAS/CAS Adjustment | (16) | |||||
| Non-current state income taxes | (3) | |||||
| Total operating income | $324 | |||||
Sales transactions between segments are generally recorded at cost.
Other segment items consist of general and administrative expenses and other income and gains, net.
Other Financial Information
The following tables present the Company's capital expenditures, as presented to the chief operating decision maker, and depreciation and amortization by segment:
| Three Months Ended June 30 | Six Months Ended June 30 | |||
|---|---|---|---|---|
| ($ in millions) | 2026 | 2025 | 2026 | 2025 |
| Capital Expenditures(1) | ||||
| Ingalls | $16 | $16 | $26 | $30 |
| Newport News | 90 | 74 | 147 | 123 |
| Mission Technologies | 10 | 1 | 13 | 2 |
| Total segment capital expenditures | 116 | 91 | 186 | 155 |
| Corporate | 3 | 2 | 4 | 5 |
| Total capital expenditures | $119 | $93 | $190 | $160 |
(1) Net of grant proceeds for capital expenditures
| Three Months Ended June 30 | Six Months Ended June 30 | |||
|---|---|---|---|---|
| ($ in millions) | 2026 | 2025 | 2026 | 2025 |
| Depreciation and Amortization | ||||
| Ingalls | $20 | $20 | $40 | $40 |
| Newport News | 36 | 36 | 71 | 69 |
| Mission Technologies | 21 | 26 | 41 | 51 |
| Total segment depreciation and amortization | 77 | 82 | 152 | 160 |
| Corporate | 2 | 1 | 3 | 2 |
| Total depreciation and amortization | $79 | $83 | $155 | $162 |
Asset information by segment is not disclosed because it is not a key measure of performance used by the chief operating decision maker.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.