$HII

The U.S. Navy ordered 30 Medium Unmanned Surface Vessels (MUSVs) at $40 million each, with delivery starting in 2027. Contracts were awarded to Galliano Marine Services, Huntington Ingalls Industries (HII), and Saronic Technologies. MUSVs are autonomous, modular ships for various missions, including anti-submarine warfare and intelligence tasks.

The U.S. Navy awarded $1.2B in contracts to Galliano Marine, Saronic, and Huntington Ingalls for 30 MUSV drone ships, with deliveries starting before 2027. The vessels, costing $40M each, are part of the Navy's modernization plan to expand its Indo-Pacific presence. Other companies received $15M for testing but were not selected.

Incat Crowther will support HII in building ROMULUS USVs for the U.S. Navy's MUSV program. HII won the contract, with Incat Crowther providing design services. ROMULUS vessels use AI and open-architecture autonomy solutions. HII plans distributed production to meet Navy demand.

The U.S. Navy awarded HII a $123.4 million contract for 30-hour, 1,000-foot diving Lionfish underwater drones, with options for up to 200 vehicles. Deliveries will continue through December 2027. HII expanded its manufacturing facility in Pocasset, Massachusetts, ahead of the order.

Huntington Ingalls Industries (HII) won a U.S. Navy contract to build 10 Romulus unmanned surface vessels for the Medium Unmanned Surface Vessel (MUSV) program. The vessels will use HII's Odyssey Autonomous Control Solutions. The contract value and delivery schedule were not disclosed. HII has expanded its unmanned systems manufacturing facility to support production.

Goldman Sachs added Amazon, Burlington Stores, Huntington Ingalls, Johnson Controls, and Occidental Petroleum to its 'U.S. Conviction List — Director's Cut' for October, with price targets implying 40%-60% upside. Amazon was highlighted for AI-driven AWS demand, e-commerce profitability, and advertising growth. Huntington Ingalls was noted for its U.S. Navy shipbuilding focus, while Burlington was praised for store growth and cost efficiencies.

Huntington Ingalls Industries (HII) won a $5.1b contract for USS Harry S. Truman refueling and a deal to build 10 unmanned surface vessels for the U.S. Navy. The company's stock is down 22% YTD, trading at a 16.4x P/E. Analysts forecast $16.2b revenue and $1.2b earnings by 2029, with potential 77% upside. HII's focus spans legacy fleet sustainment and autonomous maritime systems.

Goldman Sachs updated its Conviction List for October, adding five stocks and removing five. Amazon (AMZN) was added with a $375 target, a 51% upside. Other additions include Burlington Stores (BURL), Huntington Ingalls (HII), Johnson Controls (JCI), and another company. Removals include Air Products (APD), ConocoPhillips (COP), Golar LNG (GLNG), Loar (LOAR), and Tyson Foods (TSN).

HII has secured a $400 million contract to build 10 ROMULUS uncrewed surface vessels for the U.S. Navy, with deliveries expected by fiscal year 2027. The company has invested in autonomous systems and partnered with regional suppliers for production. HII's Odyssey software enables vessel autonomy and integration of new technologies. The contract is part of a broader U.S. Navy initiative involving two other companies.

Three U.S. defense contractors—L3Harris (LHX), Northrop Grumman (NOC), and Huntington Ingalls (HII)—are trading below their 52-week highs despite strong earnings and guidance. L3Harris reported $3.13 EPS, up 8.4% in revenue, and $771M in free cash flow. Northrop Grumman had $7.68 EPS, a record $104.69B backlog, and 53.5% higher free cash flow. Huntington Ingalls posted $5.27 EPS, 10.9% revenue growth, and a $57.3B backlog. Each faces specific challenges but shows potential for recovery.