Huntington Ingalls Industries, Inc. (NYSE:HII) shares edged higher in Wednesday’s premarket session, after the company announced fresh U.S. Navy awards.
HII Lands $5.10 Billion Truman Contract
HII secured a $5.10 billion U.S. Navy contract for the Refueling and Complex Overhaul of the nuclear-powered USS Harry S. Truman (CVN 75). Options could increase the contract’s value to about $5.18 billion.
The work, handled by HII’s Newport News Shipbuilding division, represents nearly one-third of the maintenance and modernization performed over an aircraft carrier’s service life.
It includes refueling Truman’s reactors, upgrading its propulsion plant and combat systems, and modernizing thousands of compartments and tanks.
Navy Orders 10 ROMULUS Autonomous Vessels
Separately, the Navy awarded HII a contract to build 10 ROMULUS uncrewed surface vessels for its Medium Unmanned Surface Vessel program.
ROMULUS uses HII’s Odyssey Autonomous Control Solutions, an open-architecture platform supporting coordinated surface and undersea operations.
HII said the technology completed operational testing, including a 420-nautical-mile autonomous mission lasting 28 hours. The company began preparing production capacity and its supplier network for ROMULUS in 2025.
Kennedy Carrier Moves Closer To Delivery
HII also achieved preliminary acceptance of John F. Kennedy (CVN 79), the second Gerald R. Ford-class nuclear-powered aircraft carrier.
The milestone is the final step before formal Navy delivery and allows underway testing and crew training to begin. Kennedy completed acceptance trials in August and has since departed for Naval Station Norfolk.
HII Technical Outlook Remains Weak
The stock is trading 24.1% below its 200-day SMA ($344.95) and 11.2% below its 50-day SMA ($294.77).
The bearish backdrop is reinforced by the death cross that formed in June, with the 50-day SMA sitting below the 200-day SMA.
RSI stands at 28.94, below the commonly watched 30 threshold for oversold conditions. That suggests recent selling may be stretched and could leave room for a short-term rebound, though it does not by itself signal a trend reversal.
Key Resistance: $296.00 — a round-number area that also lines up closely with the 50-day SMA ($294.77), making it a logical spot where rebounds can stall
Earnings And Analyst Targets
HII’s next earnings report is scheduled for Oct. 29, 2026 (estimated).
Wall Street expects EPS of $4.57, up from $3.68 a year earlier, on revenue of $3.28 billion versus $3.19 billion. HII trades at a P/E ratio of 15.5x.
The stock carries a Buy consensus rating with an average price target of $351.50.
Bernstein maintained Market Perform while lowering its target to $327 on Sept. 23. Wells Fargo maintained Equal-Weight and raised its target to $340 on Aug. 4, while Citigroup maintained Buy and raised its target to $379 on July 31.
HII Stock Moves In Premarket Trading
HII Stock Price Activity: Huntington Ingalls Industries shares are trading higher by 0.79% at $261.70 during premarket trading on Wednesday, according to Benzinga Pro data.
Photo by T. Schneider via Shutterstock
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