• Record third quarter revenues of $2.8 billion, up 7.2% compared to third quarter 2022

• Net earnings of $148 million or $3.70 diluted earnings per share

• Third quarter free cash flow¹ of $293 million

• New contract awards of $5.4 billion, resulting in backlog of approximately $49 billion

• Company reaffirms shipbuilding and Mission Technologies FY23 margin guidance²

• Company increases shipbuilding midpoint and Mission Technologies FY23 revenue guidance²

• Company increases FY23 free cash flow¹ guidance

¹Non-GAAP measures. See Exhibit B for definitions and reconciliations.

²The financial outlook, expectations and other forward looking statements provided by the company for 2023 and beyond reflect the company’s judgment based on information available at the time of this release.

Read below for HII’s third quarter 2023 results.