The contract is a modest, sole-source award for nuclear submarine support under FMS, consistent with HII's core shipbuilding business. Monitor future FMS-related awards and option exercise for incremental revenue visibility.
Price Chart
Executive Summary
Huntington Ingalls Industries (HII) was awarded a $56.2 million cost-plus-fixed-fee contract by the U.S. Navy for engineering and design support for nuclear submarine capabilities under Foreign Military Sales. The contract includes an option that could increase the total value to $91.1 million, with work expected through September 2028 if exercised.
Key Financial Metrics
Key Facts
- Award amount: $56,178,573 (base), up to $91,142,608 with option exercised
- Awarding agency: Department of Defense (Navy)
- Work: engineering, technical, design agent, and design transfer for nuclear submarine capabilities (FMS)
- Performance period: through September 2027 (base), through September 2028 (if option exercised)
- Not competitively procured (sole source under 10 U.S.C. 3204(a)(1))
- Foreign Partner funds of $19,115,000 obligated at award
- Company annualized revenue: $13,672,000,000
Financial Impact
Base award of $56.2M represents approximately 0.41% of annualized revenue ($13.67B); fully exercised value of $91.1M represents approximately 0.67% of annualized revenue.
Risk Factors
- Option exercise is not guaranteed; contract value may remain at $56.2M
- Foreign Military Sales funding may be subject to geopolitical and budgetary risks
- Cost-plus-fixed-fee contracts carry lower margin risk but also limit upside
Investment Themes
Documents Analyzed
This report is based on 1 federal contract record from official U.S. government contract data.
| Document | Accession Number |
|---|---|
| GOVT-CONTRACT Data (Synthetic) | contract-N0002427C2133 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Press Release | $272.04 | awaiting T+1 | — | $281.05 (+3.31%) |
Oct 23, 2026 3d ago | 3 | $274.09 | awaiting T+1 | — | $281.05 (+2.54%) |
Oct 20, 2026 6d ago | 8-K | $273.95 $278.86 | ▲ +1.79% | ▲ +2.97% | $281.05 (+2.59%) |
Oct 19, 2026 7d ago | Press Release | $269.64 $272.23 | ▲ +0.96% | ▲ +0.63% | $281.05 (+4.23%) |
Oct 16, 2026 10d ago | GOVT-CONTRACT | $269.64 $272.23 | ▲ +0.96% | ▲ +0.63% | $281.05 (+4.23%) |
Oct 13, 2026 12d ago | Press Release | $264.53 $267.22 | ▲ +1.02% | ▲ +0.73% | $281.05 (+6.25%) |
Oct 13, 2026 13d ago | GOVT-CONTRACT | $264.53 $267.22 | ▲ +1.02% | ▲ +0.73% | $281.05 (+6.25%) |
Sep 29, 2026 26d ago | Press Release | $267.07 $274.33 | ▲ +2.72% | ▲ +2.54% | $281.05 (+5.23%) |
Sep 29, 2026 27d ago | Press Release | $267.07 $274.33 | ▲ +2.72% | ▲ +2.54% | $281.05 (+5.23%) |
Sep 11, 2026 6w ago | Press Release | $279.69 $280.01 | ▲ +0.11% | ▲ +0.56% | $281.05 (+0.49%) |
US Market Status
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