HighGravityData
Companies / Huntington Ingalls Industries / Filing

Huntington Ingalls Industries — Feb 5, 2026 release

Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001501585-26-000004
Open on SEC.gov ↗
Showing in the filing
CAS Expense
“$46”
Period
FY2026
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 67
Top line CAGR for FY2026
“~6%”
Enterprise revenue for FY2030
“$16B+”
Throughput improvement target for FY2026
“15% YoY”
Throughput YoY (Earned hours) for FY2026
“+15%”
Outsourcing YoY (Earned hours) for FY2026
“+30%”
Capital Investment ($M) for FY2026
“$500-$600”
Mission Technologies medium term revenue gro…
“~5%”
Mission Technologies Segment Operating Margin for FY2026
“~5%”
Mission Technologies EBITDA Margin for FY2026
“8.4% - 8.6%”
Operating FAS/CAS Adjustment for FY2026
“($44M)”
Non-current State Income Tax Expense for FY2026
“~($20M)”
Interest Expense for FY2026
“($105M)”
Non-operating Retirement Benefit for FY2026
“$213M”
Effective Tax Rate for FY2026
“~17%”
Depreciation & Amortization for FY2026
“~$330M”
Capital Expenditures for FY2026
“4%-5% of Sales”
Free Cash Flow for FY2026
“$500M - $600M”
Pension and Postretirement Benefits Cash Con… for FY2026
“$50”
Shipbuilding medium term revenue growth
“~6%”
Shipbuilding Revenue for FY2026
“$9.7B to $9.9B”
Shipbuilding operating margin for FY2026
“5.5% to 6.5%”
Mission Technologies Revenue for FY2026
“$3.0B to $3.2B”
Shipbuilding revenue for Q1 FY2026
“~$2.3B”
Shipbuilding operating margin for Q1 FY2026
“~5.5%”
Mission Technologies revenue for Q1 FY2026
“$700M to $750M”
Mission Technologies operating margin for Q1 FY2026
“4.0% to 4.5%”
Free cash flow for Q1 FY2026
“($600M)”
Pension Discount Rate for FY2030
“5.72%”
Pension Discount Rate for FY2029
“5.72%”
Pension Discount Rate for FY2028
“5.72%”
Pension Discount Rate for FY2027
“5.72%”
Pension Discount Rate for FY2026
“5.72%”
CAS Recoveries Over/(Under) Cash Contributions for FY2030
“($4)”
CAS Recoveries Over/(Under) Cash Contributions for FY2029
“($4)”
CAS Recoveries Over/(Under) Cash Contributions for FY2026
“($4)”
CAS Recoveries Over/(Under) Cash Contributions for FY2027
“($1)”
CAS Recoveries Over/(Under) Cash Contributions for FY2028
“($3)”
FAS Benefit for FY2026
“$123”
FAS Benefit for FY2027
“$127”
FAS Benefit for FY2028
“$134”
FAS Benefit for FY2029
“$138”
FAS Benefit for FY2030
“$148”
CAS Expense for FY2026
“$46”
CAS Expense for FY2027
“$48”
CAS Expense for FY2028
“$44”
CAS Expense for FY2029
“$40”
CAS Expense for FY2030
“$39”
FAS/CAS Adjustment for FY2026
“$169”
FAS/CAS Adjustment for FY2027
“$175”
FAS/CAS Adjustment for FY2028
“$178”
FAS/CAS Adjustment for FY2029
“$179”
FAS/CAS Adjustment for FY2030
“$187”
Operating FAS/CAS Adjustment for FY2027
“($39)”
Operating FAS/CAS Adjustment for FY2029
“($42)”
Operating FAS/CAS Adjustment for FY2030
“($41)”
Operating FAS/CAS Adjustment for FY2028
“($41)”
Non-Operating Retirement (Expense)/Income for FY2026
“$213”
Non-Operating Retirement (Expense)/Income for FY2027
“$214”
Non-Operating Retirement (Expense)/Income for FY2028
“$219”
Non-Operating Retirement (Expense)/Income for FY2029
“$220”
Non-Operating Retirement (Expense)/Income for FY2030
“$228”
Pension and Postretirement Benefits Cash Con… for FY2027
“$49”
Pension and Postretirement Benefits Cash Con… for FY2028
“$47”
Pension and Postretirement Benefits Cash Con… for FY2029
“$44”
Pension and Postretirement Benefits Cash Con… for FY2030
“$43”
Projected cash contributions for FY2026
“$50 million”
Postretirement benefits contributions for FY2026
“$35 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
13   Q4 2025 EARNINGS 14 Pension Outlook1 ($ in millions) 2025 (Actual) 2026 2027 2028 2029 2030 Pension Discount Rate 5.98% 5.72% 5.72% 5.72% 5.72% 5.72% Return on Assets4 10.7% CAS Recoveries Over/(Under) Cash Contributions2,3 $1 ($4) ($1) ($3) ($4) ($4) FAS Benefit3 $100 $123 $127 $134 $138 $148 CAS Expense3 $55 $46 $48 $44 $40 $39 FAS/CAS Adjustment3 $155 $169 $175 $178 $179 $187 Operating FAS/CAS Adjustment3 ($35) ($44) ($39) ($41) ($42) ($41) Non-Operating Retirement (Expense)/Income3 $190 $213 $214 $219 $220 $228 Pension and Postretirement Benefits Cash Contributions2 $54 $50 $49 $47 $44 $43 1 2026-2030 projected and subject to change. 2 2025 cash contributions of $54 million include $14 million of discretionary pension contributions ($<1 million qualified; $14 million non-qualified) and $40 million of postretirement benefits contributions. 2026 projected cash contributions of $50 million include $15 million of discretionary pension contributions ($2 million qualified; $13 million non-qualified) and $35 million of postretirement benefits contributions. 3 Includes pension & other postretirement benefits. 4 We expect our long-term return on assets to moderate as we de-risk our portfolio given the strong funded status.   Q4 2025 EARNINGS Non-GAAP Reconciliations Segment Operating Income & Segment Operating Margin 15 ($ in millions) 2025 2024 2025 2024 Ingalls revenues 889 736 3,078 2,767 Newport News revenues 1,891 1,588 6,507 5,969 Mission Technologies revenues 731 713 3,044 2
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.