Huntington Ingalls Industries

Huntington Ingalls Industries is the largest military shipbuilder in the United States, constructing aircraft carriers, submarines and other vessels for the US Navy and Coast Guard. Its shipyards represent decades of specialised capability that would be near impossible to replicate, giving it an entrenched position within the defence supply chain and long-dated government contracts. The company has paid and steadily raised its dividend since spinning off, supported by predictable defence funding and a large order backlog. The yield is modest, so the appeal is dependability rather than high income, with the payout backed by long-term programme visibility. Execution challenges and cost pressures on complex naval programmes are the main risks to an otherwise stable profile.