Who Owns Newport News Shipbuilding?
Newport News Shipbuilding is a division of Huntington Ingalls Industries (NYSE: HII) and the only US shipyard that designs, builds, and refuels nuclear-powered aircraft carriers. Founded in 1886 by Collis P. Huntington in Newport News, Virginia, it also co-builds Virginia-class submarines with General Dynamics Electric Boat and generated $6.5 billion of FY2025 revenue.
Parent Company
Founded
1886
Status
Publicly Traded
Headquarters
United StatesOfficial Website
Who Owns Newport News Shipbuilding?
- Parent Company: Huntington Ingalls Industries, Inc.
- Ownership Type: Subsidiary
- Company Type: Publicly Traded
- Stock Ticker: NYSE: HII
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Newport News Shipbuilding | Huntington Ingalls Industries, Inc. | Subsidiary |
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History of Newport News Shipbuilding
- Founded: 1886
- Founders: Collis P. Huntington
Railroad magnate Collis P. Huntington founded the Chesapeake Dry Dock and Construction Company in 1886 at Newport News, Virginia, renamed Newport News Shipbuilding in 1890. The yard built its first US Navy vessels in the 1890s and delivered early aircraft carriers including the Ranger and the first purpose-built US carrier, the USS Ranger (CV-4), in 1934.
Newport News built the first nuclear-powered aircraft carrier, USS Enterprise, in 1961 and the first nuclear-powered submarine tender; from 1975 it shared submarine production with Electric Boat. Industrial conglomerate Litton Industries acquired the yard in 1968, and Northrop Grumman absorbed Litton in 2001, consolidating it with Ingalls as Northrop Grumman Shipbuilding.
The 2011 spin-off created HII and made Newport News Shipbuilding its flagship division. It currently builds the Ford class of carriers, having delivered USS Gerald R. Ford in 2017, and splits Virginia-class submarine modules with Electric Boat. FY2025 revenue of $6.5 billion grew 9% on higher carrier and submarine volumes.
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About Huntington Ingalls Industries, Inc.
What is Huntington Ingalls Industries?
HII is America's largest military shipbuilder, headquartered in Newport News, Virginia. Spun off from Northrop Grumman in 2011, it builds the Navy's nuclear aircraft carriers, submarines, destroyers, and amphibious ships.
Is Huntington Ingalls publicly traded?
Yes. It trades on the New York Stock Exchange under the ticker HII.
Who runs HII?
Christopher Kastner is president and CEO. Admiral Kirkland Donald is chairman of the board.
What are HII's divisions?
Newport News Shipbuilding (nuclear carriers and submarines), Ingalls Shipbuilding (surface combatants and amphibious ships), and Mission Technologies (defense technology and unmanned systems).
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What was HII's FY2025 revenue?
$12.5 billion, up 8.2% over 2024, with record results at all three divisions and $16.9 billion in new contract awards.
- Founded: 2011
- Headquarters: Newport News, Virginia, USA
- Company Type: Publicly Traded
- Stock: NYSE: HII
- Revenue: $12.5 billion (FY2025)
- Employees: Approximately 44,000
Where Is Newport News Shipbuilding Made / Based?
- Headquarters: Newport News, Virginia, USA
Newport News Shipbuilding Categories & Tags
Brands Owned by Huntington Ingalls Industries, Inc.
Aerospace DefenseIngalls Shipbuilding
Owned by Huntington Ingalls Industries, Inc.
HII's Pascagoula, Mississippi shipyard division, the largest supplier of US Navy surface combatants, building Arleigh Burke destroyers and amphibious ships since 1938.
shipbuildingdestroyersamphibious-ships
Aerospace DefenseHII Mission Technologies
Owned by Huntington Ingalls Industries, Inc.
HII's defense technology division covering C5ISR, cyber, electronic warfare, unmanned systems including REMUS vehicles, and training, formed in 2023.
defense-technologyc5isrcyber
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Newport News Shipbuilding Ownership: Pros & Cons
Advantages
- +Sole-source position in nuclear carrier construction
- +Multi-decade carrier and submarine program visibility
- +Irreplaceable nuclear-certified infrastructure and workforce
- +Record volumes driving revenue growth
Considerations
- -Schedule slips draw congressional and GAO scrutiny
- -Skilled labor pipeline is a persistent constraint
- -Fixed-price carrier contracts absorb cost overrun risk
- -Single-customer concentration on the US Navy
Frequently Asked Questions About Newport News Shipbuilding
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Sources & Further Reading
- Newport News Shipbuilding
- HII Investor Relations
- HII 10-K (SEC EDGAR)
- Huntington Ingalls Company Page — /companies/huntington-ingalls
Competitors to Newport News Shipbuilding
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| General Dynamics | USA (Electric Boat) | 1995 | Enterprise | Global | All-ages | |
| Huntington Ingalls | USA | 1938 | Mass market | United states | All Genders |
Learn More About Competitors
Aerospace DefenseGeneral Dynamics Marine Systems
Owned by General Dynamics
U.S. Navy shipbuilding division of General Dynamics Corporation, encompassing Electric Boat (nuclear submarines), Bath Iron Works (surface combatants), and NASSCO (auxiliary and commercial ships).
submarinesnaval-shipsdefense
Aerospace DefenseIngalls Shipbuilding
Owned by Huntington Ingalls Industries, Inc.
HII's Pascagoula, Mississippi shipyard division, the largest supplier of US Navy surface combatants, building Arleigh Burke destroyers and amphibious ships since 1938.
shipbuildingdestroyersamphibious-ships
Competitive Analysis
Market Positioning: Newport News Shipbuilding competes with 2 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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Independent Alternatives to Newport News Shipbuilding
Looking for brands with different ownership structures? These similar brands are not owned by Huntington Ingalls Industries, Inc., giving you alternative choices that support different corporate structures.
Aerospace DefenseBBA Aviation (Signature Aviation)
Owned by Signature Aviation
Global aviation services brand operating fixed base operations and engine repair, now known as Signature Aviation after a 2019 rebrand and 2021 private equity takeover.
aviationfbobusiness-aviation
Privately Owned
BBA Aviation (Signature Aviation) is privately owned, unlike Newport News Shipbuilding which is under a publicly traded parent company.
Aerospace DefenseConsolidated Precision Products
Owned by Consolidated Precision Products Corp.
Aerospace castings brand of CPP, the Cleveland manufacturer of single-crystal turbine components being acquired by GE Aerospace.
aerospacecastingsmanufacturing
Privately Owned
Consolidated Precision Products is privately owned, unlike Newport News Shipbuilding which is under a publicly traded parent company.
Aerospace DefenseNew Shepard
Owned by Blue Origin
Reusable suborbital launch vehicle and space tourism system developed by Blue Origin, carrying passengers and research payloads past the Karman line.
space-tourismsuborbital-launchreusable-rocket
Privately Owned
New Shepard is privately owned, unlike Newport News Shipbuilding which is under a publicly traded parent company.
Aerospace DefenseWabtec
Owned by Wabtec
The global rail equipment brand of Westinghouse Air Brake Technologies, descended from George Westinghouse's 1869 air brake invention.
raillocomotivesbrakes
Privately Owned
Wabtec is privately owned, unlike Newport News Shipbuilding which is under a publicly traded parent company.
Aerospace DefenseWesco Aircraft (Incora)
Owned by Wesco Aircraft Holdings, Inc. (Incora)
Aerospace parts distribution and supply chain management brand, now operating as Incora after a 2020 merger with Pattonair under Platinum Equity.
aircraft-partsaviationaerospace
Privately Owned
Wesco Aircraft (Incora) is privately owned, unlike Newport News Shipbuilding which is under a publicly traded parent company.
Aerospace DefenseGE
Owned by General Electric Company
Corporate brand of GE Aerospace (NYSE: GE), the jet engine and aerospace systems company that succeeded the original General Electric after the April 2024 three-way split.
aerospacejet-enginescorporate-brand
Publicly Traded
GE operates independently without a large parent corporation.
Huntington Ingalls Industries, Inc. Stock Information
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Jobs at Huntington Ingalls Industries, Inc.
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