PASCAGOULA, Miss., July 01, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division began fabrication of the future USS
John F. Lehman
(DDG 137) Monday, marking the official start of construction on the Navy’s newest Flight III
Arleigh Burke
???class destroyer.
The milestone builds upon early construction gains enabled by HII’s distributed shipbuilding model, which expands capacity by shifting fabrication of major structural units from Pascagoula to partner yards beyond the company’s traditional labor market that have available workforce and production space. For DDG 137, six partners across Texas, Louisiana, Mississippi and Florida are producing structural units, allowing Ingalls to distribute work across the supply chain.
“Our Ingalls shipbuilders have worked hard to reach fabrication start on DDG 137, and by focusing our teams and facilities on final assembly and integration, our distributed shipbuilding partners are enabling us to grow the Flight III fleet,” said Chris Brown, Ingalls Shipbuilding DDG 51 program manager. “We know the U.S. Navy is counting on us to deliver highly capable ships, and this industry-wide effort is helping us meet that responsibility with urgency.”
DDG 137 is the seventh Flight III destroyer to be constructed at Ingalls. Flight III ships represent the next generation of surface combatants, featuring the Flight III AN/SPY-6(V)1 radar system and the Aegis Baseline 10 combat system designed to counter evolving threats well into the 21st century.
Photos and a video accompanying this release are available at:
https://www.hii.com/news/hii-begins-fabrication-of-destroyer-john-f-lehman-ddg-137
.
Ingalls currently has five Flight III destroyers under construction and seven more in early pre-planning and material procurement phases. As part of its distributed production strategy, HII plans to outsource more than 2.5 million hours of shipbuilding work in 2026, driving work to qualified yards nationwide and supporting long???term industrial base resiliency.
For more information about the Flight III
Arleigh Burke
-class destroyers under construction at HII’s Ingalls Shipbuilding division visit,
https://www.hii.com/capabilities/arleigh-burke-flight-iii
.
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:
Contact:
Kimberly K. Aguillard
Kimberly.K.Aguillard@hii-co.com
228-355-5663
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/305f38c1-6dac-4914-bf34-5ee272ee073a
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HII’s Ingalls Shipbuilding Begins Fabrication of Future USS John F. Lehman (DDG 137)
HII's Ingalls Shipbuilding has begun fabricating the USS John F. Lehman (DDG 137), the latest Flight III destroyer.
Quiver AI Summary
HII's Ingalls Shipbuilding division has officially begun construction on the USS John F. Lehman (DDG 137), the latest Flight III Arleigh Burke-class destroyer for the U.S. Navy, following the start of fabrication on July 1, 2026. This development is facilitated by HII's distributed shipbuilding model, which allows production of major structural units at partner yards in Texas, Louisiana, Mississippi, and Florida, thereby enhancing the company's capacity. With DDG 137 being the seventh Flight III destroyer, it features advanced combat systems designed to combat contemporary threats. Currently, Ingalls has a total of five Flight III destroyers under construction and plans to outsource over 2.5 million hours of shipbuilding work in 2026 to support a resilient industrial base.
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FAQ
What is the significance of the USS John F. Lehman (DDG 137) construction?
The USS John F. Lehman (DDG 137) marks the start of construction for the Navy’s newest Flight III Arleigh Burke-class destroyer.
How does HII's distributed shipbuilding model work?
This model shifts fabrication of structural units to partner yards, expanding capacity and utilizing available workforce across multiple states.
What features distinguish the Flight III destroyers?
Flight III destroyers include the AN/SPY-6(V)1 radar system and Aegis Baseline 10, designed to counter modern threats effectively.
How many Flight III destroyers are currently under construction at HII?
HII currently has five Flight III destroyers under construction, with additional ones in pre-planning and material procurement phases.
What is HII's plan for shipbuilding work in 2026?
HII plans to outsource over 2.5 million hours of shipbuilding work in 2026 to support long-term industrial base resiliency.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HII Insider Trading Activity
$HII insiders have traded $HII stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $HII stock by insiders over the last 6 months:
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$HII Revenue
$HII had revenues of $3.1B in Q1 2026. This is an increase of 13.35% from the same period in the prior year.
You can track HII financials on Quiver Quantitative's HII stock page.
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$HII Congressional Stock Trading
Members of Congress have traded $HII stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $HII stock by members of Congress over the last 6 months:
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$HII Hedge Fund Activity
We have seen 460 institutional investors add shares of $HII stock to their portfolio, and 418 decrease their positions in their most recent quarter.
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$HII Analyst Ratings
Wall Street analysts have issued reports on $HII in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
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$HII Price Targets
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Full Release
PASCAGOULA, Miss., July 01, 2026 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Ingalls Shipbuilding division began fabrication of the future USS John F. Lehman (DDG 137) Monday, marking the official start of construction on the Navy’s newest Flight III Arleigh Burke ???class destroyer.
The milestone builds upon early construction gains enabled by HII’s distributed shipbuilding model, which expands capacity by shifting fabrication of major structural units from Pascagoula to partner yards beyond the company’s traditional labor market that have available workforce and production space. For DDG 137, six partners across Texas, Louisiana, Mississippi and Florida are producing structural units, allowing Ingalls to distribute work across the supply chain.
“Our Ingalls shipbuilders have worked hard to reach fabrication start on DDG 137, and by focusing our teams and facilities on final assembly and integration, our distributed shipbuilding partners are enabling us to grow the Flight III fleet,” said Chris Brown, Ingalls Shipbuilding DDG 51 program manager. “We know the U.S. Navy is counting on us to deliver highly capable ships, and this industry-wide effort is helping us meet that responsibility with urgency.”
DDG 137 is the seventh Flight III destroyer to be constructed at Ingalls. Flight III ships represent the next generation of surface combatants, featuring the Flight III AN/SPY-6(V)1 radar system and the Aegis Baseline 10 combat system designed to counter evolving threats well into the 21st century.
Photos and a video accompanying this release are available at: https://www.hii.com/news/hii-begins-fabrication-of-destroyer-john-f-lehman-ddg-137 .
Ingalls currently has five Flight III destroyers under construction and seven more in early pre-planning and material procurement phases. As part of its distributed production strategy, HII plans to outsource more than 2.5 million hours of shipbuilding work in 2026, driving work to qualified yards nationwide and supporting long???term industrial base resiliency.
For more information about the Flight III Arleigh Burke -class destroyers under construction at HII’s Ingalls Shipbuilding division visit, https://www.hii.com/capabilities/arleigh-burke-flight-iii .
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:
Contact:
Kimberly K. Aguillard
Kimberly.K.Aguillard@hii-co.com
228-355-5663
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/305f38c1-6dac-4914-bf34-5ee272ee073a
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