Huntington Ingalls Industries, Inc. Common Stock (HII)

Competitors to Huntington Ingalls Industries, Inc. Common Stock (HII)

Bae Systems plc

Bae Systems is a global competitor that also engages in shipbuilding and defense systems, making it a direct rival to Huntington Ingalls Industries. Bae has a strong presence in both the U.S. and international markets, which gives it a broader scope for securing contracts. The company leverages its expertise in both naval systems and advanced technology for defense solutions. However, Huntington Ingalls maintains a strong edge in specialized U.S. naval contracts, thanks to its historical relationships and focus on domestic shipbuilding.

General Dynamics Corporation 

General Dynamics competes with Huntington Ingalls Industries primarily in the defense and shipbuilding sectors. Both companies provide services to the U.S. government, focusing on naval vessels and defense systems. General Dynamics has a diversified portfolio that spans aerospace, combat systems, and information technology, which gives it a competitive edge in securing contracts across various domains. However, Huntington Ingalls has a specific focus on shipbuilding, which allows it to excel in its niche and potentially pursue more specialized contracts.

Lockheed Martin Corporation 

Lockheed Martin is a leading competitor in the defense sector, competing with Huntington Ingalls on several fronts including naval systems and advanced aerospace technologies. While Huntington primarily specializes in shipbuilding, Lockheed's extensive capabilities in missiles, satellites, and defense electronics allow it to offer comprehensive solutions for military contracts. Huntington's focus on ship construction differentiates it but also means it may miss out on contracts that require a broader technological integration that Lockheed can provide.

Northrop Grumman Corporation 

Northrop Grumman competes with Huntington Ingalls by engaging in defense contracts that encompass a wide range of technologies, including unmanned systems and cybersecurity. While Huntington specializes in shipbuilding for the Navy and coast guard, Northrop's diversified approach allows it to pursue contracts related to broader defense projects, many of which may involve naval components as well. Northrop's expansive technological capabilities provide it with an upper hand in securing complex contracts that require integrated systems.

Raytheon Technologies Corporation 

Raytheon Technologies competes with Huntington Ingalls in the defense sector, particularly in integrated defense systems that include naval warfare technologies. While Huntington focuses on building naval platforms, Raytheon is known for its advanced weapon systems, sensors, and missiles used in contemporary naval combat. The advantage lies in Raytheon's extensive technological prowess and innovation in defense systems, making it a preferred partner for comprehensive military projects that include various components, from platforms to munitions.