HII Awarded $283 Million U.S. Navy Contract for Frigate Support Activities

Key Facts

1HII's Ingalls Shipbuilding division was awarded a $283 million contract for FF(X) class frigate lead yard support activities.

HII's Ingalls Shipbuilding division has secured a $283 million contract from the U.S. Navy for lead yard support activities involving the new FF(X) class of frigates. The contract enables the procurement of long lead time materials and critical design work, leveraging over $1 billion in recent facility modernizations. However, financial metrics show HII is trading at a P/E ratio of 23.51, significantly higher than its historical median of 15.66, suggesting potential overvaluation. Additionally, the company recorded $7.4 million in insider selling transactions over the past three months. Despite these valuation concerns, HII maintains a strong GF Score of 86/100, underpinned by robust profitability and growth metrics. This contract win reinforces HII's defense backlog while investors weigh strong fundamentals against premium pricing.

6 months ago

Version History

Version 26 months ago

What changed: The story was updated to include new financial valuation metrics, including the elevated P/E ratio, recent insider selling data, and the company's GF Score.

Version 16 months ago

What changed: Added technical details regarding the frigate's design basis (Legend-class), the $1B+ facility investment scale, and the integration into existing production lines.