Huntington Ingalls Industries — Jul 30, 2026 release

• Newport News, VA 23607 www.HII.com Page 3 of 12 HII Financial Outlook 1 • FY26 shipbuilding revenue between $10.2 and $10.4 billion; expect shipbuilding operating margin 2 between 6.0% and 6.5% • FY26 Mission Technologies revenue between $3.0 and $3.2 billion • FY26 Mission Technologies segment operating margin of approximately 5%; and Mission Technologies EBITDA margin 2 between 8.4% and 8.6% • FY26 free cash flow 2 between $500 and $600 million Prior FY26 Outlook Current FY26 Outlook 1 Shipbuilding Revenue $9.7B - $9.9B $10.2B - $10.4B Shipbuilding Operating Margin 2 5.5% - 6.5% 6.0% - 6.5% Mission Technologies Revenue $3.0B - $3.2B $3.0B - $3.2B Mission Technologies Segment Operating Margin ~5% ~5% Mission Technologies EBITDA Margin 2 8.4% - 8.6% 8.4% - 8.6% Operating FAS/CAS Adjustment ($44M) ($44M) Non-current State Income Tax Expense 3 ~($20M) ~($20M) Interest Expense ($105M) ($105M) Non-operating Retirement Benefit $213M $213M Effective Tax Rate ~17% ~17% Depreciation & Amortization ~$330M ~$330M Capital Expenditures 4% - 5% of Sales 4% - 5% of Sales Free Cash Flow 2 $500M - $600M $500M - $600M 1 The financial outlook, expectations, and other forward-looking statements provided by the company for 2026 and beyond reflect the company's judgment based on the information available at the time of this release. Please see the "Forward-looking Statements" section in this release and our Form 10-Q for factors that may impact the company's ability to meet expectations. 2 Non-GAAP measures. See Exhibit B for definitions. In reliance upon Item 10(e)(1)(i)(B) of Regulation S-K, reconciliations of forward–looking GAAP and non–GAAP measures are not provided because of the unreasonable effort associated with providing suc