HII Elects Former CEO Mike Petters to Board of Directors

2026-10-20

Investivoq

Mike Petters rejoined HII's board, bringing extensive shipbuilding experience and leadership from his previous tenure as CEO.

Investivoq AI Summary

HII announced that Mike Petters, the company's former CEO and President, has been elected to its board of directors. HII's current CEO, Chris Kastner, highlighted Petters' extensive shipbuilding expertise and familiarity with the company’s history as invaluable assets. Petters, who led HII through its spin-off from Northrop Grumman in 2011, has had a long-standing career in shipbuilding, advancing through various positions and eventually becoming president of Newport News Shipbuilding. He has a background that includes serving in the U.S. Navy and holding several leadership roles in various organizations. HII's Chairman, Kirkland Donald, emphasized the importance of Petters' experience as the company increases its capabilities to support the U.S. Navy.

Potential Positives

Mike Petters, a former CEO with extensive shipbuilding experience, has been elected to HII’s board of directors, which enhances the company's leadership with valuable expertise.
Petters has a strong history with HII, having steered its successful spin-off from Northrop Grumman, which may foster strategic continuity and innovation.
The appointment of Petters is viewed positively by current leadership, including endorsements from CEO Chris Kastner and Chairman Kirkland Donald, suggesting strong governance support for future initiatives.

Potential Negatives

Mike Petters' return to the board may raise concerns about the company's leadership stability, given his previous departure as CEO in 2022.

FAQ

Who is Mike Petters?

Mike Petters is the former CEO and President of HII and has extensive experience in shipbuilding.

What role will Mike Petters have at HII now?

He has been elected to HII's board of directors, bringing his expertise back to the company.

What notable positions has Mike Petters held?

He served as chairman of the Virginia Business Council and the Aerospace Industries Association, among others.

What are Mike Petters' educational qualifications?

He earned a bachelor’s degree in physics from the U.S. Naval Academy and an MBA from the College of William and Mary.

What contributions has Mike Petters made to education?

He established HII’s Scholarship Fund to support the educational needs of employees' children, benefiting over 1,900 students.

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 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $HII stock by insiders over the last 6 months:

CHRISTOPHER D KASTNER (Director, President & CEO) sold 13,070 shares for an estimated $4,246,704
EDMOND E. JR. HUGHES (Ex VP & Chief HR Officer) sold 3,500 shares for an estimated $1,118,533
VICTORIA D HARKER sold 723 shares for an estimated $240,878

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

$HII Revenue

$HII had revenues of $3.4B in Q2 2026. This is an increase of 10.9% from the same period in the prior year.

You can track HII financials on Investivoq's HII stock page.

You can access data on HII stock through the Investivoq API.

$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:

REPRESENTATIVE BRIAN BABIN sold up to $50,000 on 05/05.

To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

$HII Hedge Fund Activity

We have seen 356 institutional investors add shares of $HII stock to their portfolio, and 449 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 499,286 shares (-16.1%) from their portfolio in Q2 2026, for an estimated $139,745,158
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 384,038 shares (+inf%) to their portfolio in Q2 2026, for an estimated $107,488,395
AQR CAPITAL MANAGEMENT LLC removed 366,251 shares (-35.8%) from their portfolio in Q2 2026, for an estimated $102,509,992
FIRST TRUST ADVISORS LP added 355,042 shares (+42.7%) to their portfolio in Q2 2026, for an estimated $99,372,705
TD ASSET MANAGEMENT INC removed 312,342 shares (-87.0%) from their portfolio in Q2 2026, for an estimated $87,421,402
QUBE RESEARCH & TECHNOLOGIES LTD added 299,269 shares (+236.9%) to their portfolio in Q2 2026, for an estimated $83,762,400
INVESCO LTD. added 277,119 shares (+29.9%) to their portfolio in Q2 2026, for an estimated $77,562,836

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

$HII Price Targets

Multiple analysts have issued price targets for $HII recently. We have seen 2 analysts offer price targets for $HII in the last 6 months, with a median target of $384.5.

Here are some recent targets:

John Godyn from Citigroup set a target price of $349.0 on 07/01/2026
Gautam Khanna from TD Cowen set a target price of $420.0 on 05/14/2026

Full Release

NEWPORT NEWS, Va., Oct. 20, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that former HII CEO and President Mike Petters was elected to the company’s board of directors.

“Mike brings deep shipbuilding expertise to the Board, and a unique familiarity with the history, mission, and evolution of HII,” said HII CEO and President Chris Kastner. “Mike’s shipbuilding background and strategic guidance are extremely valuable, and I look forward to welcoming him back to our Board of Directors.”

In 2022, Petters stepped down from his position as first CEO and president of Huntington Ingalls Industries, Inc., having steered its spin-off from Northrop Grumman in 2011. Petters joined Newport News Shipbuilding in 1987 in the Los Angeles -class submarine construction division and was promoted through the shipbuilding ranks to become president of the shipyard. Petters earned a bachelor’s degree in physics from the U.S. Naval Academy in 1982, served aboard the nuclear-powered submarine USS George Bancroft (SSBN 643) and spent five years in the U.S. Naval Reserve, and later earned an MBA from the College of William and Mary.

“There are few people with as much experience in shipbuilding as Mike Petters,” said Kirkland Donald, HII’s chairman of the Board of Directors. “We are proud to be able to continue to leverage his expertise as HII ramps the nation’s capacity to deliver for the U.S. Navy.”

A photo accompanying this release is available at: http://hii.com/news/former-hii-ceo-mike-petters-joins-board-of-directors/ .

Petters has served as the chairman of the Virginia Business Council, as chairman of the Aerospace Industries Association, and on the William and Mary Board of Visitors and the Center for a New American Security Board of Advisors. He continues to serve on the U.S. Naval Academy Foundation Board of Directors and on the U.S. Naval Institute Board of Directors. Among numerous awards and recognition, Petters has received the Lone Sailor Award from the Navy Memorial Foundation, the Owen B. Butler Education Excellence Award from the Committee for Economic Development, and the Lifetime Achievement Award from the Virginia Chamber of Commerce. A lifelong supporter of early childhood education, Petters also established HII’s Scholarship Fund in 2016, which supports the educational needs of its employees through scholarships for pre-K and secondary education and continues through today, having served over 1,900 students.

About HII

HII is America's Seapower Company. The nation’s largest shipbuilder, HII builds the manned and unmanned maritime systems and all-domain mission technologies that project U.S. and allied power around the world. With a more than 140-year history of advancing U.S. national security, HII is headquartered in Virginia and employs 45,000 people across three divisions. For more information, visit:

HII on the web: https://www.HII.com/
HII on Facebook: https://www.facebook.com/TeamHII
HII on X: https://www.twitter.com/WeAreHII
HII on Instagram: https://www.instagram.com/WeAreHII
HII on LinkedIn: https://www.linkedin.com/company/wearehii

Contact:
Danny Hernandez
Danny.J.Hernandez@hii.com
(202) 264-7143

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cbc0a7c9-9649-4887-b7fb-de5cb9f43a6b