Seek further disclosure of HII's specific dollar allocation from these contract modifications to quantify the impact on revenue and margins. Monitor production updates and any cost overrun disclosures that could affect profitability on these fixed-price contracts.
Price Chart
Executive Summary
HII's Newport News Shipbuilding (NNS) division, as part of a team with General Dynamics Electric Boat, received contract modifications totaling approximately $76.6 billion from the U.S. Navy for construction of Block VI Virginia-class and Build II Columbia-class submarines. NNS will deliver six of the nine additional Virginia-class submarines and produce major module sections for the Columbia-class program, securing a multi-year revenue stream and reinforcing HII's central role in U.S. nuclear submarine production.
Key Financial Metrics
Key Facts
- Combined contract modifications of approximately $76.6 billion for Block VI Virginia-class and Build II Columbia-class submarines.
- HII's Newport News Shipbuilding will serve as delivery yard for six of nine Virginia-class submarines and build six module sections per Columbia-class submarine.
- Award supports the U.S. nuclear submarine shipbuilding team, including HII and General Dynamics Electric Boat.
- NNS and GDEB have built and delivered 26 Virginia-class submarines to date.
- Contracts solidify HII's long-term backlog and industrial base commitment.
Financial Impact
HII's exact share of the $76.6 billion combined total is undisclosed, but the award represents a multi-year, multi-billion-dollar revenue stream through the Virginia-class and Columbia-class programs.
Risk Factors
- Execution risk on complex nuclear submarine construction schedules.
- Potential cost overruns on long-duration fixed-price contracts.
- Government budget uncertainty could alter future procurement pace.
- Historical HII stock reactions to contract awards have been muted or negative recently, suggesting limited near-term upside.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3335667 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | Press Release | $279.69 $272.86 | ▼ −2.44% | ▼ −2.22% | $268.61 (−3.96%) |
Aug 11, 2026 7w ago | Press Release | $327.85 $317.61 | ▼ −3.12% | ▼ −2.72% | $268.61 (−18.07%) |
Aug 11, 2026 7w ago | Insider Cluster | $327.85 $317.61 | ▼ −3.12% | ▼ −2.72% | $268.61 (−18.07%) |
Aug 10, 2026 7w ago | 144 | $330.81 $318.34 | ▼ −3.77% | ▼ −3.72% | $268.61 (−18.80%) |
Aug 5, 2026 8w ago | Press Release | $317.70 $326.80 | ▲ +2.86% | ▲ +2.51% | $268.61 (−15.45%) |
Aug 3, 2026 8w ago | Press Release | $325.95 $330.67 | ▲ +1.45% | ▼ −0.58% | $268.61 (−17.59%) |
Jul 30, 2026 9w ago | 8-K | $319.90 $321.76 | ▲ +0.58% | ▼ −3.04% | $268.61 (−16.03%) |
Jul 29, 2026 9w ago | Press Release | $319.90 $321.76 | ▲ +0.58% | ▼ −3.04% | $268.61 (−16.03%) |
Jul 10, 2026 12w ago | Press Release | $286.09 $271.05 | ▼ −5.26% | ▼ −4.70% | $268.61 (−6.11%) |
Jul 9, 2026 12w ago | GOVT-CONTRACT | $286.21 $271.05 | ▼ −5.30% | ▼ −5.17% | $268.61 (−6.15%) |
US Market Status
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