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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
Pension and Postretirement Benefits Cash Contributions
“$49”
Period
FY2027
Measure
GAAP-tied
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 2,937 Intersegment eliminations (35) (33) (145) (138) Sales and Service Revenues 3,476 3,004 12,484 11,535 Operating Income 172 110 657 535 Operating FAS/CAS Adjustment 10 14 35 62 Non-current state income taxes 13 (21) 25 (24) Segment Operating Income 195 103 717 573 As a
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.