Huntington Ingalls Industries

Huntington Ingalls Industries is involved in management of the US nuclear arsenal and related facilities, including tritium production at the Savannah River Site, the only source of new tritium for the US nuclear arsenal.

Company profile

Huntington Ingalls Industries (“HII”), based in the US, designs, constructs and maintains nuclear and non-nuclear ships for the US Navy and Coast Guard and offers after-market services for military ships around the world.[1]

In the financial year ending 31 December 2016, HII generated revenues of US$ 7.1 billion (€ 6.7 billion), resulting in an operating income of US$ 852.0 million (€ 808.6 million) and a net income of US$ 573.0 million (€ 543.8 million).[2]

Contact information

Contact information

Website: Twitter: Facebook:
www.huntingtoningalls.com @hiindustries www.facebook.com/HuntingtonIngallsIndustries

Huntington Ingalls Industries Communications

4101 Washington Ave.

Newport News, VA 23607

+1.757.380.2000

Nuclear weapons

Huntington Ingalls Industries (HII) through its subsidiary Newport News Nuclear is co-owner of Savannah River Nuclear Solutions (SRNS), with lead partner Fluor and Honeywell. HII has a 34% ownership interest in SRNS.[3] Since 2008, SRNS has been responsible for the management and operation of the Department of Energy’s Savannah River Site and Savannah River National Laboratory in South Carolina under a US$ 4 billion (€ 2.7 billion) five-year contract. The Department of Energy prolonged the contract in September 2012 to September 2016 and again in August 2016, to July 2018. The last extension brings the total value of the SRNS contract to approximately US$ 8 billion (€ 7.1 billion).[4]

SRNS is responsible for site management and operation, environmental management, management of the nuclear arsenal, the removal of excess nuclear materials, and environmental services. The Tritium Extraction Facility at the Savannah River Site is the only source of new tritium for the US nuclear stock. Tritium, a radioactive form of hydrogen (also called “super heavy water”), is essential for the continued operation of the US nuclear arsenal.[5]

In May 2017 Mission Support and Test Services LLC (MSTS) was awarded with the management and operating contract for the Nevada National Security Site (NNSS) near Las Vegas. MSTS is a limited liability company consisting of Honeywell International Inc. (Honeywell), Jacobs Engineering Group Inc. (Jacobs), and Stoller Newport News Nuclear, Inc. (SN3). The US$ 5 billion (€ 4.6 billion) contract runs over 10 years if all options are exercised. “The 1,360-square mile NNSS is an experimental testing facility and training ground supporting a variety of nuclear non-proliferation and advanced-technology missions vital to national security. NNSS contributes to the safety, reliability, and security of the nuclear weapons stockpile through scientific experiments supporting the science-based Stockpile Stewardship Program”.[6]

 

Investors

Investors

The following financial institutions made approximately US$ 9,915 million available to this producer from January 2013 through October 2017.

  • Allianz (Germany)
  • Allstate (United States)
  • American International Group (AIG) (United States)
  • American United Mutual Insurance (United States)
  • Ameriprise Financial (United States)
  • AQR Capital Management (United States)
  • AXA (France)
  • Bank of America (United States)
  • Bank of New York Mellon (United States)
  • BB&T (United States)
  • BlackRock (United States)
  • BMO Financial Group (Canada)
  • Capital Group (United States)
  • Capital One Financial (United States)
  • Citigroup (United States)
  • Credit Suisse (Switzerland)
  • Deutsche Bank (Germany)
  • Dimensional Fund Advisors (United States)
  • Discovery Capital Management (United States)
  • Eaton Vance (United States)
  • Fidelity Investments (United States)
  • Fifth Third Bancorp (United States)
  • First Eagle Investment Management (United States)
  • First Trust Advisors (United States)
  • Franklin Resources (United States)
  • Geode Capital Management (United States)
  • Goldman Sachs (United States)
  • Guggenheim Capital (United States)
  • HSBC (United Kingdom)
  • Janus Henderson Group (Jersey)
  • JPMorgan Chase (United States)
  • Loop Capital (United States)
  • Lord, Abbett & Co (United States)
  • LSV Asset Management (United States)
  • Manulife Financial (Canada)

 

  • MetLife (United States)
  • Mitsubishi UFJ Financial (Japan)
  • Mizuho Financial (Japan)
  • National Rural Electric Cooperative Association (United States)
  • Nationwide Mutual Insurance (United States)
  • New York Life Insurance (United States)
  • Norges Bank (Norway)
  • Northern Trust (United States)
  • Old Republic International (United States)
  • Orix Corporation (Japan)
  • PNC Financial Services (United States)
  • Power Financial Corporation (Canada)
  • Principal Financial Group (United States)
  • Prudential (UK) (United Kingdom)
  • Prudential Financial (US) (United States)
  • Royal Bank of Scotland (United Kingdom)
  • Schroders (United Kingdom)
  • Scotiabank (Canada)
  • Siemens (Germany)
  • State Street (United States)
  • Sumitomo Mitsui Financial (Japan)
  • SunTrust (United States)
  • Teacher Retirement System of Texas (United States)
  • Thrivent Financial (United States)
  • TIAA (United States)
  • Toronto-Dominion Bank (Canada)
  • Travelers (United States)
  • Ullink  (France)
  • US Bancorp (United States)
  • Vanguard (United States)
  • Waddell & Reed Financial (United States)
  • Wellington Management (United States)
  • Wells Fargo (United States)
  • Westwood Holdings Group (United States)

 

Notes

Notes

[1]     Huntington Ingalls Industries, “Who we are”, Website Huntington Ingalls (www.huntingtoningalls.com/about/index), viewed August 2017.

[2]     Huntington Ingalls Industries, “Annual Report 2016”, Huntington Ingalls Industries, February 2017.

[3]     Huntington Ingalls Industries, “Annual Report 2016”, Huntington Ingalls Industries, February 2017.

[4]     Huntington Ingalls, “Annual Report 2016”, Huntington Ingalls, February 2017;
US Department of Energy, “DOE to Extend Savannah River Nuclear Solutions Contract at Savannah River Site to September 2016”, US Department of Energy, 6 September 2012 (energy.gov/em/articles/doe-extend-savannah-river-nuclear-solutions-contract-savannah-river);             US Department of Energy, “DOE-SR Exercises Option on Management and Operating Contract”, Website US Department of Energy, 4 August 2016 (energy.gov/em/articles/doe-sr-exercises-option-management-and-operating-contract).

[5]     Fluor, “USDOE Savannah River Nuclear Site Management & Operations”, Website Fluor (www.fluor.com/projects/savannah-river-nuclear-management-operations), viewed June 2016;
SRNS, “Defense Programs”, Website Savannah River Nuclear Solutions (www.savannahrivernuclearsolutions.com/programs/def_prgms01.htm), viewed June 2016.

[6]     NNSA, “NNSA Awards Nevada National Security Site Management & Operating Contract to Mission Support and Test Services, LLC”, Press Release NNSA, 12 May 2017.

This page was last updated 24 January 2018.

Top 20 Producers

Looking for information on other nuclear weapon associated companies? Check here.

In some nuclear-armed states – in particular the United States, the United Kingdom and France – private companies are hired by governments to carry out work on maintaining and modernising nuclear arsenals.

This report looks at the top 20 companies that are providing the necessary components to develop, test, maintain and modernise nuclear weapons.The contracts these companies have with nuclear armed countries are for materials and services to keep nuclear weapons in their arsenals. The companies described are substantially involved in the nuclear weapons programmes of the United States, the United Kingdom, France, or India and are themselves based in France, India, the Netherlands, the United Kingdom and the United States. More information on other companies involved in nuclear arsenals, not listed in the top 20, can be found here.

In other nuclear-armed countries –Russia, China, Pakistan and North Korea – the maintenance and modernization of nuclear forces is carried out primarily or exclusively by government agencies.

Methodology

The nuclear weapon producers identified were selected on the basis of a predetermined set of criteria.
– Information on investments is publicly available.
– The company is directly involved in the development, testing, production, maintenance or trade of nuclear weapons related technology, parts, products or services.
– The company’s involvement is related to warheads, or to delivery systems such as missiles, that are specifically developed for nuclear tasks. This includes technology that is designed for ‘dual use’ (military and civilian) but excludes technology that is not designed for, but can be used in nuclear warfare. It does not include delivery platforms such as bombers and submarines.

State owned or controlled nuclear industries are outside the scope of this research, as are companies not publicly listed. Our research uncovered a number of Universities involved in nuclear weapons programmes, but these are also outside the scope of the report.

The list of nuclear weapon producers investigated was compiled through a wide variety of sources, including financial institution exclusion lists, civil society reports, media reports, etc. Additional details on the contracts and components is on the website.
We welcome information at any time about possible nuclear weapon producing companies to investigate.