HII HII
Price Chart
Executive Summary
HII announced the ratification of new five-year collective bargaining agreements with all union units at its Ingalls Shipbuilding division, delivering an immediate 18%+ base wage increase and total wage growth of 35–47% by 2031. This is the largest wage increase in the division's history and aims to improve workforce stability and shipbuilding throughput.
Actionable Insight
Monitor future earnings calls for commentary on labor cost trends and productivity improvements at Ingalls. While the wage hike may pressure margins short-term, improved attrition and throughput could support long-term execution on Navy contracts.
Key Facts
- All five union units at Ingalls Shipbuilding ratified new collective bargaining agreements.
- Immediate base wage increase of at least 18% for union-represented shipbuilders.
- Total wage growth of 35% to 47% projected by 2031.
- Contracts extend through March 8, 2031.
- Agreement reached on February 12, 2026, with ratification following member votes.
- Unions involved: PMTC, IBEW, OPEIU, IAM, and UFSPSC.
Financial Impact
Increased labor costs due to 18%+ immediate wage hike and multi-year escalators; no dollar figures provided. Expected to impact margins unless offset by productivity gains.
Risk Factors
- Higher labor costs could compress margins if not offset by efficiency gains or pricing power.
- Potential for future labor actions if non-union workforce seeks similar increases.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3254974 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
1d ago
|
Press Release
| $291.99 awaiting T+5 | awaiting T+5 | — | $292.26 (+0.09%) |
|
Jun 5, 2026
4d ago
|
144
| $294.89 awaiting T+5 | awaiting T+5 | — | $292.26 (−0.89%) |
|
May 15, 2026
25d ago
|
Press Release
| $325.75 $320.69 | ▼ −1.55% | ▼ −2.52% | $292.26 (−10.28%) |
|
May 5, 2026
5w ago
|
144
| $325.88 $333.29 | ▲ +2.27% | ▲ +0.29% | $292.26 (−10.32%) |
|
May 5, 2026
5w ago
|
8-K
| $325.88 $333.29 | ▲ +2.27% | ▲ +0.29% | $292.26 (−10.32%) |
|
May 5, 2026
5w ago
|
Press Release
| $325.88 $333.29 | ▲ +2.27% | ▲ +0.29% | $292.26 (−10.32%) |
|
Apr 28, 2026
6w ago
|
Press Release
| $361.94 $317.98 | ▼ −12.15% | ▼ −15.26% | $292.26 (−19.25%) |
|
Apr 20, 2026
7w ago
|
Press Release
| $391.98 $356.69 | ▼ −9.00% | ▼ −9.92% | $292.26 (−25.44%) |
|
Apr 14, 2026
8w ago
|
Press Release
| $395.98 $377.68 | ▼ −4.62% | ▼ −6.02% | $292.26 (−26.19%) |
|
Mar 20, 2026
11w ago
|
DEFA14A
| $396.29 $367.53 | ▼ −7.26% | ▼ −3.69% | $292.26 (−26.25%) |
US Market Status
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