Monitor future DDG-1000 program funding and potential follow-on work for Ingalls Shipbuilding. The modification is incremental and within expected Navy shipbuilding activity.
Price Chart
Executive Summary
Huntington Ingalls Industries (HII) received a $99.1 million modification to its existing Navy contract for DDG 1002 Sea Trials work, with $59.3 million in obligated funds from fiscal 2025 and 2026. The award represents approximately 0.72% of HII's annualized revenue, a routine but notable addition to its shipbuilding backlog.
Key Financial Metrics
Key Facts
- Modification to contract N00024-22-C-2300 valued at $99,089,863
- Work involves DDG 1002 Sea Trials scope
- Work performed in Pascagoula, Mississippi (95%) and other locations
- Expected completion by October 2028
- Obligated funds: $28,355,651 (FY2025) and $30,959,605 (FY2026), totaling $59,315,256
- Award represents ~0.72% of HII's annualized revenue of $13.672 billion
Financial Impact
$99.1 million contract modification, with $59.3 million obligated immediately; ~0.72% of annualized revenue
Risk Factors
- Funding subject to annual appropriations and potential continuing resolutions
- Execution risk on Sea Trials timeline and cost
- No material change to HII's overall revenue or earnings trajectory
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-N0002422C2300 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Press Release | $272.04 | awaiting T+1 | — | $278.46 (+2.36%) |
Oct 23, 2026 3d ago | 3 | $274.09 | awaiting T+1 | — | $278.46 (+1.59%) |
Oct 20, 2026 6d ago | 8-K | $273.95 $278.86 | ▲ +1.79% | ▲ +2.97% | $278.46 (+1.65%) |
Oct 19, 2026 8d ago | Press Release | $269.64 $272.23 | ▲ +0.96% | ▲ +0.63% | $278.46 (+3.27%) |
Oct 16, 2026 11d ago | GOVT-CONTRACT | $269.64 $272.23 | ▲ +0.96% | ▲ +0.63% | $278.46 (+3.27%) |
Oct 13, 2026 13d ago | Press Release | $264.53 $267.22 | ▲ +1.02% | ▲ +0.73% | $278.46 (+5.27%) |
Oct 13, 2026 14d ago | GOVT-CONTRACT | $264.53 $267.22 | ▲ +1.02% | ▲ +0.73% | $278.46 (+5.27%) |
Sep 29, 2026 27d ago | Press Release | $267.07 $274.33 | ▲ +2.72% | ▲ +2.54% | $278.46 (+4.26%) |
Sep 29, 2026 27d ago | Press Release | $267.07 $274.33 | ▲ +2.72% | ▲ +2.54% | $278.46 (+4.26%) |
Sep 11, 2026 6w ago | Press Release | $279.69 $280.01 | ▲ +0.11% | ▲ +0.56% | $278.46 (−0.44%) |
US Market Status
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