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HII Reports 10.9% Growth in Q2 2026 Revenue
['Jane Edwards']
GovCon Wire
The summit will bring together government and industry leaders for discussions on AI, shipbuilding, digital engineering, unmanned systems and more.
In an earnings release published Thursday, the military shipbuilding company said it logged $6.7 billion in new contract awards during the quarter.
For the full year 2026, the company reiterated its free cash flow guidance of between $500 million and $600 million.
The chief executive said the company raised its full-year 2026 shipbuilding revenue guidance to a range of $10.2 billion to $10.4 billion and its shipbuilding operating margin guidance to between 6 percent and 6.5 percent.
He noted that a ROMULUS unmanned surface vessel advanced to the Navy’s Medium Unmanned Surface Vessel at-sea testing phase, scheduled for September, calling it a major milestone in the program’s development.