Company profile

Future of Huntington Ingalls Industries

#
Rank
288
| Quantumrun Global 1000

Huntington Ingalls Industries (HII) is a US shipbuilding company created on March 31, 2011, as a spin-off of Northrop Grumman. Mike Petters is presently the CEO and president of Huntington Ingalls Industries (previously president of the Newport News shipyard and president of the Northrop Grumman Shipbuilding). HII is the only builder, refueler, designer of nuclear-powered aircraft carriers in America. It is one of the two nuclear-powered submarine builders (the other being General Dynamics Electric Boat). Seventy percent of the current, active US Navy fleet has been created by HII's erstwhile units.

Home Country:
Sector:
Industry:
Aerospace and Defense
Founded:
2011
Global employee count:
37000
Domestic employee count:
Number of domestic locations:

Financial Health

Revenue:
$7068000000 USD
3y average revenue:
$7015000000 USD
Operating expenses:
$623000000 USD
3y average expenses:
$672666667 USD
Funds in reserve:
$720000000 USD
Market country
Revenue from country
0.95

Asset Performance

  1. Product/Service/Dept. name
    Product sales
    Product/Service revenue
    5665000000
  2. Product/Service/Dept. name
    Service revenues
    Product/Service revenue
    1355000000

Innovation assets and Pipeline

Investment into R&D:
$19000000 USD
Total patents held:
7

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the aerospace and defense sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, advances in nanotech and material sciences will result in a range of new construction materials that are stronger, lighter, heat and impact resistant, shapeshifting, among other exotic properties. These new materials will allow for the creation of a range of new rockets, air, land, and sea vehicles that possess capabilities far superior to today's commercial and combat transportation systems.
*The plummeting price and increasing energy capacity of solid-state batteries will result in a greater adoption of electric-powered commercial aircraft and combat vehicles. This shift will lead to significant fuel cost savings for short haul, commercial airlines and less vulnerable supply lines within active combat zones.
*Significant innovations in aeronautical engine design will reintroduce hypersonic airliners for commercial use that will finally make such travel economical for airlines and consumers.
*The shrinking cost and increasing functionality of advanced manufacturing robotics will lead to further automation of factory assembly lines, thereby improving manufacturing quality and costs.
*The shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications, especially drone air, land, and sea vehicles for commercial and military applications.
*The development of reusable rockets, the involvement of the private sector, and the increased investment/competition from emerging nations is finally making the commercialization of space more economical. This will spur increased investment and involvement by aerospace and defense companies for commercial and military purposes.
*As Asia and Africa rise in population and wealth, there will be a greater demand for aerospace and defense offerings, especially from established Western suppliers.
*2020 to 2040 will see the continued growth of China, the rise of Africa, an unstable Russia, a more assertive Eastern Europe, and a fragmenting Middle East—international trends that will guarantee demand for aerospace and defense sector offerings.

COMPANY’S FUTURE PROSPECTS

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