HII Redelivers USS New Jersey (SSN 796) from Post-Shakedown Availability at Newport News Shipbuilding

HII (NYSE: HII) announced that Newport News Shipbuilding completed post-shakedown availability (PSA) work and redelivered the Virginia-class fast attack submarine USS New Jersey (SSN 796) to the U.S. Navy on April 3, 2026.

Rhea-AI Summary

HII (NYSE: HII) announced that Newport News Shipbuilding completed post-shakedown availability (PSA) work and redelivered the Virginia-class fast attack submarine USS New Jersey (SSN 796) to the U.S. Navy on April 3, 2026.

The PSA included combat systems and electronics upgrades plus general maintenance to prepare the submarine for fleet operations. Company leadership emphasized the combined NNS–Navy team focus on mission readiness.

Key Figures

Contract awards: $16.9 billion Revenue: $12.5 billion Operating income: $657 million +5 more

Contract awards

$16.9 billion

Contract awards in 2025 (DEF 14A)

Revenue

$12.5 billion

Record revenue in 2025 (DEF 14A)

Operating income

$657 million

Operating income for 2025 (DEF 14A)

Diluted EPS

$15.39

Diluted EPS for 2025 (DEF 14A)

Free cash flow

$800 million

Free cash flow for 2025 (DEF 14A)

Total stockholder return

84.2%

Total stockholder return highlighted in 2025 results (DEF 14A)

Dividends paid

$213 million

Dividends paid in 2025 (DEF 14A)

Base wage increase

18% or higher

Immediate wage increase in Ingalls collective bargaining agreement (Mar 12 news)

Historical Context

5 past events · Latest: Mar 30

5 events

1. Mar 30

   AI collaboration event

   24h Move

   -3.3%

   Announcement of MOU signing and physical AI demonstration with GrayMatter Robotics.

2. Mar 24

   Leadership appointments

   24h Move

   +1.4%

   Two vice presidents named at Newport News Shipbuilding effective April 1.

3. Mar 19

   Workforce pipeline visit

   24h Move

   -2.2%

   Marine Corps leaders visit Ingalls Shipbuilding to advance veteran hiring pipeline.

4. Mar 16

   Apprentice commencement

   24h Move

   -1.2%

   Media advisory for Apprentice School 2025 commencement at Newport News Shipbuilding.

5. Mar 12

   Union contract ratified

   24h Move

   +0.2%

   Ratification of collective bargaining agreement with significant wage growth through 2031.

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

Key Terms

post-shakedown availability, Form 4, Schedule 13G/A, definitive proxy statement, +1 more

5 terms

post-shakedown availability technical

"has completed post-shakedown availability (PSA) work on Virginia-class fast attack..."

Post-shakedown availability is a scheduled maintenance and repair period that follows the initial trial runs of a new ship, aircraft, or other complex piece of equipment, during which issues discovered during testing are corrected and systems are adjusted. Like taking a new car back to the shop after a long test drive to fix glitches before regular use, this step affects delivery timing, final cost, warranty exposure and future operating performance—factors investors watch for impacts on revenue, expenses and project risks.

Form 4 regulatory

""[Form 4] HUNTINGTON INGALLS INDUSTRIES, INC. Insider Trading Activity""

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

View in glossary

Schedule 13G/A regulatory

""[SCHEDULE 13G/A] HUNTINGTON INGALLS INDUSTRIES, INC. Amended Passive Investment Disclosure""

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

definitive proxy statement regulatory

""[DEF 14A] HUNTINGTON INGALLS INDUSTRIES, INC. Definitive Proxy Statement""

A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.

director stock units financial

"he acquired 25.335 director stock units (SUAs) of common stock at no purchase price..."

Director stock units are promises a company makes to its board members to pay them company shares (or cash equal to the share value) after a set period or when certain conditions are met. They matter to investors because they align directors’ incentives with shareholders—encouraging decisions that boost long‑term value—but can also increase the total shares outstanding when converted, slightly diluting existing ownership.

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

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NEWPORT NEWS, Va., April 03, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Newport News Shipbuilding division has completed post-shakedown availability (PSA) work on Virginia-class fast attack submarine USS New Jersey (SSN 796). The submarine was redelivered to the U.S. Navy Friday.

“Maintaining our nation’s undersea maritime supremacy is strengthened by the redelivery of USS New Jersey,” said Jason Ward, NNS vice president of new construction submarine programs. “Our combined NNS-Navy team is focused on the mission and understands the importance of getting this submarine to the fleet.”

The PSA, a maintenance period that typically follows delivery of new ships, included combat systems and electronics upgrades, as well as general maintenance on the submarine.

Photos accompanying this release are available at: http://hii.com/news/hii-redelivers-uss-new-jersey-ssn-796-from-post-shakedown-availability-at-newport-news-shipbuilding/.

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:

Todd Corillo
Todd.T.Corillo@hii-co.com
(757) 688-3220

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3324de28-33b0-4781-bbac-c7240fe50138

FAQ

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

What did HII announce about the redelivery of USS New Jersey (SSN 796) on April 3, 2026?

HII announced redelivery of USS New Jersey (SSN 796) to the U.S. Navy on April 3, 2026. According to HII, Newport News Shipbuilding completed post-shakedown availability work, including combat systems and electronics upgrades plus general maintenance to ready the submarine for fleet service.

What work was included in the post-shakedown availability for USS New Jersey (SSN 796)?

The PSA included combat systems and electronics upgrades along with general maintenance tasks. According to HII, the maintenance period typically follows delivery and focused on upgrades and repairs to ensure the submarine meets operational requirements for the fleet.

Who led the redelivery announcement for USS New Jersey (SSN 796) from Newport News Shipbuilding?

Jason Ward, NNS vice president of new construction submarine programs, commented on the redelivery and mission importance. According to HII, Ward highlighted the combined Newport News Shipbuilding–Navy team and their focus on getting the submarine to the fleet.

How does HII describe the significance of redelivering USS New Jersey (SSN 796) to investors and stakeholders?

HII framed the redelivery as strengthening undersea maritime supremacy and fleet readiness. According to HII, completing the PSA reinforces mission capability by delivering a submarine upgraded in combat systems, electronics, and general maintenance back to the U.S. Navy.

Where can investors find photos or additional materials about HII’s redelivery of USS New Jersey (SSN 796)?

Photos and accompanying materials are available on HII’s public news site linked by the company. According to HII, the release provides imagery and details at the company news page for further investor or media review.