Flight III Destroyer Ted Stevens (DDG 128) Sails Away from HII’s Ingalls Shipbuilding

HII (NYSE: HII) announced that the Flight III Arleigh Burke-class destroyer Ted Stevens (DDG 128) departed Ingalls Shipbuilding for Norfolk ahead of commissioning in Whittier, Alaska.

Rhea-AI Summary

HII (NYSE: HII) announced that the Flight III Arleigh Burke-class destroyer Ted Stevens (DDG 128) departed Ingalls Shipbuilding for Norfolk ahead of commissioning in Whittier, Alaska. DDG 128 is Ingalls’ second Flight III delivery and features the AN/SPY-6(V)1 radar and Aegis Baseline 10 combat system.

Ingalls has five additional Flight III destroyers under construction, seven in pre-planning, and plans to outsource more than 2.5 million hours of shipbuilding work in 2026 to expand its assembly network.

Positive

• Second Flight III destroyer delivered by Ingalls
• AN/SPY-6(V)1 radar and Aegis Baseline 10 outfitted on DDG 128
• Five Flight III destroyers currently under construction at Ingalls
• Plan to outsource 2.5 million hours in 2026 to expand assembly network

Negative

• None.

Argus May 8 session

+0.50% close to close Open Argus

Details

News Market Reaction – HII

In the May 8 session, HII gained 0.50%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights the sail-away of Flight III destroyer Ted Stevens (DDG 128) and undersc...

Analysis

This announcement highlights the sail-away of Flight III destroyer Ted Stevens (DDG 128) and underscores Ingalls’ growing Flight III workload, with 5 additional ships under construction and 7 in pre-planning. Combined with a reported backlog of $54.0B and recent Navy contracts, it reinforces HII’s role in U.S. naval modernization. Investors may watch execution on distributed shipbuilding, outsourcing of 2.5 million work hours, and future program awards.

Key Figures

Flight III destroyers under construction: 5 ships Flight III destroyers pre-planning: 7 ships Outsourced work 2026: 2.5 million hours +2 more

Flight III destroyers under construction

5 ships

Ingalls Shipbuilding current Flight III construction backlog

Flight III destroyers pre-planning

7 ships

Early pre-planning and material procurement phases

Outsourced work 2026

2.5 million hours

Planned shipbuilding work to be outsourced in 2026

Destroyers delivered to date

36 Arleigh Burke-class destroyers

Ingalls cumulative deliveries including first Flight III and DDG 128

First Flight III destroyer

USS Jack H. Lucas (DDG 125)

First Flight III Arleigh Burke-class destroyer delivered by Ingalls

Historical Context

5 past events · Latest: May 05

5 events

1. May 05

   Q1 2026 earnings

   24h Move

   -10.3%

   Revenue growth to $3.1B, $149M net earnings, guidance reaffirmed, but shares fell.

2. May 01

   Workforce initiative news

   24h Move

   +0.8%

   Signing Day celebrating 49 Shipbuilder Academy graduates joining Ingalls workforce.

3. Apr 29

   Dividend declaration

   24h Move

   +0.2%

   Quarterly cash dividend of $1.38 per share announced with June 12, 2026 pay date.

4. Apr 28

   Navy contract award

   24h Move

   +0.2%

   $283M FF(X) frigate lead yard support contract and $1B+ yard modernization noted.

5. Apr 27

   Defense innovation deal

   24h Move

   -0.3%

   Defense Innovation Unit contract for submarine TTLR system to deploy REMUS UUVs.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

arleigh burke-class, guided missile destroyer, an/spy-6(v)1 radar system, aegis baseline 10 combat system, +1 more

5 terms

arleigh burke-class technical

"The Flight III Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128)..."

A class of large, multi-mission naval warships designed to carry guided missiles, sensors, and defenses for tasks like escorting fleets, missile strikes, and air or submarine protection. Investors watch this class because building, upgrading, and maintaining these ships drives steady government contracts, long-term revenue for shipbuilders and suppliers, and signals defense spending priorities—like a city ordering a fleet of utility vehicles that create predictable work for manufacturers.

guided missile destroyer technical

"The Flight III Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128)..."

A guided missile destroyer is a fast, maneuverable naval warship equipped with advanced radar, sensors and vertically launched guided missiles to detect and engage aircraft, ships, submarines and incoming missiles. For investors, these ships matter because building, maintaining and equipping them drives defense budgets, contractor revenues and supply‑chain activity, and their deployment can influence geopolitical risk and regional stability that affect markets and company valuations.

an/spy-6(v)1 radar system technical

"featuring the Flight III AN/SPY-6(V)1 radar system and the Aegis Baseline 10 combat system..."

An AN/SPY-6(V)1 radar system is a modern, ship-mounted air and missile defense radar that uses many small, coordinated transmit/receive panels to detect, track and help defeat incoming aircraft, missiles and other threats at long range — think of it as a powerful, 360-degree security camera for a warship. It matters to investors because its procurement, upgrades and maintenance drive significant defense spending and long-term service contracts for contractors, affecting revenue visibility, program risk and export potential.

aegis baseline 10 combat system technical

"and the Aegis Baseline 10 combat system designed to counter evolving threats..."

An Aegis Baseline 10 combat system is an integrated shipboard suite that links radar, sensors, computers and weapons so a naval vessel can detect, track and engage airborne, surface and missile threats; think of it as the ship’s brain and eyes coordinating defensive and offensive actions. For investors, it matters because upgrades, production or export of this system drive defense contractor revenue, influence military procurement budgets and affect the value of companies tied to shipbuilding and weapons electronics.

distributed shipbuilding initiative technical

"Ingalls is executing a distributed shipbuilding initiative, partnering with shipyards..."

A distributed shipbuilding initiative is a plan to build a single ship or a series of ships by breaking the work into parts carried out at multiple shipyards or factories and then assembling those parts together. For investors it matters because spreading work can speed delivery, lower individual yard risk and create cost savings like buying parts in bulk, but it can also add coordination, quality and supply-chain risks that affect contract profits and project timelines—think of it as assembling a car from components made at several plants.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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PASCAGOULA, Miss., May 08, 2026 (GLOBE NEWSWIRE) -- The Flight III Arleigh Burke-class guided missile destroyer Ted Stevens (DDG 128) departed HII’s (NYSE: HII) Ingalls Shipbuilding division today enroute to its homeport in Norfolk, Virginia ahead of its future commissioning in Whittier, Alaska.

“The sail-away of Ted Stevens reflects the strong momentum of our Flight III destroyer deliveries and the team’s work to deliver the most capable and combat ready ships to the fleet,” said Chris Brown, Ingalls Shipbuilding DDG 51 program manager. “Seeing DDG 128 depart Ingalls is a proud moment for us all, and we are honored to support the Navy with a ship that will strengthen U.S. maritime security for decades to come.”

DDG 128 is the second Flight III Arleigh Burke-class destroyer built and delivered by Ingalls. The ship represents the next generation of surface combatants, featuring the Flight III AN/SPY-6(V)1 radar system and the Aegis Baseline 10 combat system designed to counter evolving threats well into the 21st century.

Ingalls Shipbuilding currently has five additional Flight III destroyers under construction, with seven more in early pre-planning and material procurement phases. To increase throughput and meet growing demand from the Navy, Ingalls is executing a distributed shipbuilding initiative, partnering with shipyards and fabricators beyond the company’s traditional labor market to improve schedule performance across all programs.

Photos and video accompanying this release are available at: https://www.hii.com/news/flight-iii-destroyer-ted-stevens-ddg-128-sails-aways-from-hiis-ingalls-shipbuilding.

In 2026, HII plans to outsource more than 2.5 million hours of shipbuilding work, while expanding its structural assembly network of assembly partner companies, enabling more work to be completed outside the shipyard before final assembly.

To date, Ingalls has delivered 36 Arleigh Burke-class destroyers, including the first Flight III, USS Jack H. Lucas (DDG 125), and Ted Stevens (DDG 128). Flight III destroyers currently under construction include Jeremiah Denton (DDG 129), George M. Neal (DDG 131), Sam Nunn (DDG 133), Thad Cochran (DDG 135), and John F. Lehman (DDG 137). Ships in pre-planning include Telesforo Trinidad (DDG 139), Ernest E. Evans (DDG 141), Charles French (DDG 142), Richard J. Danzig (DDG 143), Intrepid (DDG 145), Robert Kerrey (DDG 146), and Ray Mabus (DDG 147).

About HII

HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.

With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

• HII on the web: https://www.HII.com/
• HII on Facebook: https://www.facebook.com/TeamHII
• HII on X: https://www.twitter.com/WeAreHII
• HII on Instagram: https://www.instagram.com/WeAreHII
• HII on LinkedIn: https://www.linkedin.com/company/wearehii
  
  

Contact:

Danny Hernandez
Danny.J.Hernandez@hii-co.com
202-264-7143

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc385406-e21c-4df4-93f7-555fcf5c4ebe

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did HII (HII) announce about the Ted Stevens (DDG 128) sail-away on May 8, 2026?

The Ted Stevens (DDG 128) departed Ingalls Shipbuilding enroute to Norfolk ahead of commissioning in Whittier, Alaska. According to HII, DDG 128 is Ingalls’ second Flight III delivery and will join the fleet after final commissioning activities.

What capabilities does DDG 128 include that matter to HII investors and the Navy?

DDG 128 features the Flight III AN/SPY-6(V)1 radar and Aegis Baseline 10 combat system for improved threat detection and response. According to HII, these systems represent the next generation of surface combatant capabilities.

How many Flight III destroyers does Ingalls have under build and in pre-planning as of May 2026?

Ingalls has five Flight III destroyers under construction and seven in pre-planning or material procurement phases. According to HII, this reflects ongoing production momentum for the DDG 51 program.

What is HII’s 2026 outsourcing plan related to Ingalls Shipbuilding work?

HII plans to outsource more than 2.5 million hours of shipbuilding work in 2026 and expand its structural assembly network. According to HII, this aims to increase throughput and complete more work before final assembly.

Which other Flight III destroyers are named as under construction after DDG 128?

Ships listed under construction include Jeremiah Denton (DDG 129), George M. Neal (DDG 131), Sam Nunn (DDG 133), Thad Cochran (DDG 135), and John F. Lehman (DDG 137). According to HII, these are part of Ingalls’ ongoing DDG 51 production.