Huntington Ingalls Industries, Inc.

Ladies and gentlemen, thank you for standing by and welcome to the third quarter 2026 HII earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. Please be advised that today's conference is being recorded. If you need further assistance, please press star 0 on your telephone keypad. I would now like to hand the call over to Christie Thomas, Vice President of Investor Relations. Mrs. Thomas, you may begin.

Thank you, operator, and good morning, everyone. Welcome to the HII third quarter 2026 conference call. Matters discussed on today's call that constitute forward-looking statements, including our estimates regarding the company's outlook, involve risks and uncertainties and reflect the company's judgment based on information available at the time of this call. These risks and uncertainties may cause our actual results to differ materially. Additional information regarding these factors is contained in today's press release and the company's SEC filings. We will also refer to certain non-GAAP financial measures. For additional disclosures about these non-GAAP measures, including reconciliations to comparable GAAP measures, please see the slides that accompany this webcast, which are available on the investor relations page of our website On the call today are Chris Kastner, President and Chief Executive Officer, Andy Green, Executive Vice President and President of Mission Technologies, and Tom Stiehle, Executive Vice President and Chief Financial Officer. Now I'll turn the call over to Chris.

Thanks, Christie. Good morning, everyone, and thanks for joining us on today's call. This morning, we reported strong third quarter results underscoring our focus on providing ships and mission technology solutions to our warfighters. Today, I'll begin by providing the Q3 results and highlights from Newport News and Ingalls Shipbuilding. Andy Green, President of Mission Technologies, has joined us to provide an update on recent key wins and accomplishments, and then Tom will give the financial details and outlook. Starting with our results, we reported record third quarter sales of $3.5 billion and diluted earnings per share of $5.48. At approximately $2.8 billion, third quarter shipbuilding sales were 14% ahead year over year. This continued outperformance supports raising our 2026 shipbuilding revenue guidance to between $10.5 and $10.7 billion. Thank you for joining us. We had an unprecedented quarter, securing over $32 billion in new contract awards driven by Block 6 Virginia-class and Build 2 Columbia-class submarine contract awards, as well as a CVN-82 Long Lead Time Materials contract. We also finalized the contract for the refueling and complex overhaul of CVN-75 USS Harry S. Truman at the end of September, which will be recognized in our fourth quarter results. Mission Technologies had strong performance this quarter with revenues over $790 million, EBITDA margins of 12%, and booked a bill of 2.4 times. The team is making strides across all business units, and we are raising our full-year margins guidance for Mission Technologies. Andy will provide more details on the significant competitions we've recently won and accomplishments we've achieved in the third quarter. Now, I'll provide highlights from the shipyards. At Newport News, CVN 79 Kennedy successfully completed preliminary acceptance trials and is on track for final ship delivery in 2027, consistent with the milestones we provided earlier this year. CVN 80 and CVN 81 continue to make progress, and as I mentioned, we received the long lead time materials contract for CVN 82. and one day after the award of the CVN 75 RCOH contract, the ship arrived at Newport News to officially begin the availability. On submarines, SSN 800 Arkansas, which is our last Block IV boat, is progressing towards delivery later this year. At Ingalls, our team is focused on preparing three ships for delivery. LPD 30 Harrisburg will deliver this year. and LHA 8 Bougainville and DDG 129 Jeremiah Denton prepare for deliveries in 2027. Overall, as we head into year end, all of our shipbuilding milestones remain on track for 2026 and 2027. Shipbuilding throughput has increased approximately 9% year to date over 2025. While Newport News is executing consistent with expectations, Ingalls has been impacted by a slower labor recovery Given their wage increases were put in place near the end of the first quarter. However, we continue to see positive momentum. Year to date, we've hired over 6,000 shipbuilders across both yards. And in the third quarter, Ingalls has gained a net of 576 shipbuilders, which is their highest net increase over the past 10 quarters. Also, we've achieved enrollment of over 800 at both our apprentice schools, which is a 14% increase over last year. We expect this continued labor ramp to positively impact throughput as we look ahead. Finally, distributed shipbuilding is meeting targeted levels and we expect to exceed 30% growth year over year. Turning to activities in Washington, the President submitted his fiscal year 2027 budget request in April, which remains under consideration by Congress. As bills progress through both chambers, we continue to see bipartisan support for our programs reflected in the defense bills in the House and the Senate. In closing, overall, the quarter reflects strong operational execution. Our priority is a disciplined finish to the year and sustained momentum into 2027. And now I'll turn the call over to Andy for his remarks on mission technologies. Andy?