Huntington Ingalls Wins $5.1B Navy Contract; Goldman Sachs Re-adds Stock to Conviction List

Key Facts

1Huntington Ingalls received a $5.10 billion Navy contract to refuel and modernize the USS Harry S. Truman.

2Goldman Sachs re-added Huntington Ingalls to its conviction list with a $439 price target.

3The company raised its fiscal year 2026 shipbuilding revenue guidance following a 10.9% year-over-year revenue increase in Q2.

Huntington Ingalls received a $5.10 billion Navy contract to refuel and modernize the USS Harry S. Truman, according to AD HOC NEWS. The award follows a 10.9% year-over-year revenue increase in the second quarter, leading the company to raise its fiscal year 2026 shipbuilding revenue guidance to a range of $10.2 billion to $10.4 billion.

Goldman Sachs re-added the company to its conviction list with a $439 price target, citing visibility from a total backlog of $57.3 billion. In related financial markets, GS closed at $902.56 on October 2, 2026, while peers JPM and MS closed at $332.38 and $190.31 respectively on the same date.