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HII is Awarded Contract Modification for Construction of Two Additional Block V Virginia-class Submarines

1. HII awarded contract modification for two Block V submarines. 2. This marks the construction of the 11th and 12th fast-attack submarines. 3. The partnership with General Dynamics enhances national security capabilities. 4. HII has delivered 24 Virginia-class submarines to date. 5. The company employs 44,000 personnel, emphasizing its defense industry commitment.

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Why Bullish?

The contract modification indicates increased revenue and solidifies HII's market position. Historically, similar contracts have positively influenced stock performance due to increased future cash flows.

How important is it?

The contract represents a significant revenue inflow, indicating strong future performance prospects. Such developments typically enhance investor confidence and drive stock price appreciation.

Why Long Term?

Long-term benefits will arise from consistent defense contracts strengthening HII's financial stability. Similar past contracts have led to sustained growth in market valuation over several quarters.

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NEWPORT NEWS, Va., April 30, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that the Virginia-class shipbuilding team, which includes the company’s Newport News Shipbuilding (NNS) division, has been awarded a contract modification in support of construction of two fiscal year 2024 Block V submarines. The contract modification, to NNS and teaming partner General Dynamics Electric Boat, authorizes construction of the 11th and 12th fast-attack submarines of the Block V contract. “We appreciate the teamwork that resulted in these critical national security assets being put under contract,” said Jason Ward, NNS vice president of submarine construction. “We understand the advantage Virginia-class submarines bring to the sailors who operate them, and our shipbuilders are working with diligence to deliver them to the fleet.” NNS and GDEB have built and delivered 24 Virginia-class submarines to date. A photo accompanying this release is available at: https://hii.com/newsroom. About HII HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML 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/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHII Contact: Todd CorilloTodd.T.Corillo@hii-co.com(757) 688-3220 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6f821f2a-7bf3-484b-a12a-42e01c2d68d4

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