The $99 million modification is a routine but positive addition to HII's Navy backlog. Monitor future contract awards for the Zumwalt-class program and potential CPS integration follow-on work, which could signal further revenue streams.
Price Chart
Executive Summary
HII's Ingalls Shipbuilding division received a $99 million U.S. Navy contract modification to conduct sea trials for the Zumwalt-class destroyer Lyndon B. Johnson (DDG 1002). The award reflects continued Navy confidence in HII's execution capabilities and supports the phased delivery approach for this advanced warship.
Key Financial Metrics
Key Facts
- Contract modification valued at $99 million from the U.S. Navy
- Work involves sea trials for the Zumwalt-class destroyer Lyndon B. Johnson (DDG 1002)
- Ship also receiving modernization upgrades including Conventional Prompt Strike (CPS) weapon system integration
- HII is the nation's largest shipbuilder with 45,000 employees
Financial Impact
$99 million contract modification for sea trials
Risk Factors
- Contract modifications are incremental and may not materially move revenue guidance
- Sea trials execution risk could affect delivery timeline and future awards
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3383632 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | 3 | $274.09 | awaiting T+1 | — | $280.08 (+2.18%) |
Oct 20, 2026 5d ago | 8-K | $273.95 $278.86 | ▲ +1.79% | ▲ +2.97% | $280.08 (+2.24%) |
Oct 19, 2026 7d ago | Press Release | $269.64 $272.23 | ▲ +0.96% | ▲ +0.63% | $280.08 (+3.87%) |
Oct 16, 2026 10d ago | GOVT-CONTRACT | $269.64 $272.23 | ▲ +0.96% | ▲ +0.63% | $280.08 (+3.87%) |
Oct 13, 2026 12d ago | Press Release | $264.53 $267.22 | ▲ +1.02% | ▲ +0.73% | $280.08 (+5.88%) |
Oct 13, 2026 13d ago | GOVT-CONTRACT | $264.53 $267.22 | ▲ +1.02% | ▲ +0.73% | $280.08 (+5.88%) |
Sep 29, 2026 26d ago | Press Release | $267.07 $274.33 | ▲ +2.72% | ▲ +2.54% | $280.08 (+4.87%) |
Sep 29, 2026 26d ago | Press Release | $267.07 $274.33 | ▲ +2.72% | ▲ +2.54% | $280.08 (+4.87%) |
Sep 11, 2026 6w ago | Press Release | $279.69 $280.01 | ▲ +0.11% | ▲ +0.56% | $280.08 (+0.14%) |
Aug 11, 2026 10w ago | Insider Cluster | $326.80 $325.76 | ▼ −0.32% | ▼ −1.02% | $280.08 (−14.30%) |
US Market Status
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