Huntington Ingalls Industries 2022 Annual Report / Form 10-K

HII's 2022 annual report presents a company in strategic transition: revenue grew 12.1% to $10.7B primarily through the Alion-driven Mission Technologies expansion, but organic yard performance remained pressured by labour market tightness and post-COVID disruption. Segment operating margins declined from 7.2% to 6.7%, with Mission Technologies at a thin 2.6% reflecting first-year integration costs. The $47.1B backlog is the headline — record-setting but heavily weighted to unfunded Columbia-class pipeline. The strategic narrative of 'all-domain advantage' is deliberate market positioning against larger services competitors. DDG(X) is the critical Ingalls anchor for the next decade.

Type

Annual report / Form 10-K

Date

Feb 1, 2023

Court

SEC Form 10-K

Case

HII Annual Reports

Docket

NYSE: HII · FY2022

SHA-256

4b1b252948cf