HII Reports Second Quarter 2022 Results

Revenues were $2.7 billion in the quarter Net earnings of $178 million or $4.44 diluted earnings per share Free cash flow1 of $208 million in the quarter Reaffirms FY22 shipbuilding revenue1 and segment operating margin1 guidance Revises FY22 Mission Technologies revenue guidance Reaffirms FY22 free cash flow1 guidance NEWPORT NEWS, Va. (Aug. 4, 2022) –

NEWPORT NEWS, Va. (Aug. 2, 2022) — HII (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.18 per share, payable on Sept. 9, 2022, to shareholders of record as of the close of business on Aug. 26, 2022. #### About HII HII is an all-domain defense and technologies

HII (NYSE:HII) will release its second quarter 2022 financial results on Thursday, Aug. 4, and host an earnings conference call at 9 a.m. Eastern time the same day.

HII (NYSE:HII) reported first quarter 2022 revenues of $2.6 billion, up 13.1% from the first quarter of 2021, primarily driven by revenue attributable to the acquisition of Alion Science and Technology (Alion) in the third quarter of 2021.

Huntington Ingalls Industries, the nation’s biggest builder of warships, is becoming something more: a leading provider of artificial intelligence, unmanned systems, digital reconnaissance, simulations and training for its military customer.

Global engineering and defense technologies provider HII (NYSE:HII) was notified today that United Steelworker members at the company’s Newport News Shipbuilding division voted in favor of a new labor contract. The new contract took effect Monday and will run through Feb. 7, 2027.

Global engineering and defense technologies provider HII (NYSE:HII) announced today the promotion of Edmond Hughes to executive vice president and chief human resources officer. Hughes, formerly the vice president of human resources and administration contracts at HII’s Ingalls Shipbuilding division and at Northrop Grumman Shipbuilding since 2006, will replace William “Bill” R. Ermatinger, who will retire on April 1 after 35 years of service. HII also appointed Susan Jacobs to replace Hughes as the vice president, human resources and administration of Ingalls Shipbuilding, effective April 1.

Global engineering and defense technologies provider HII (NYSE:HII) announced today that seven employees from its Newport News Shipbuilding and Ingalls Shipbuilding divisions were recognized for achievements in the science, technology, engineering and math fields during the 36th annual Black Engineer of the Year Award STEM Global Competitiveness Conference.

Global engineering and defense technologies provider HII (NYSE:HII) ranked #11 among large companies on the list of America's Best Employers for 2022, published this month in Forbes magazine. According to Forbes, HII’s ranking represents the biggest jump of any large company on the list, rising from number 387 last year. HII is also the only aerospace and defense contractor within the top 40 large companies on the list.

Huntington Ingalls Industries (NYSE:HII) reported fourth quarter 2021 revenues of $2.7 billion, down 2.9% from the fourth quarter of 2020. Operating income in the fourth quarter of 2021 was $120 million and operating margin was 4.5%, compared to $305 million and 11.1%, respectively, in the fourth quarter of 2020. Diluted earnings per share in the quarter was $2.99, compared to $6.15 in the fourth quarter of 2020. Pension adjusted earnings per share1 in the quarter was $2.84, compared to $4.35 in the fourth quarter of 2020.