Navy Shipbuilding Contracts Jump 68% in a Single Quarter
Summary
Governmentwide shipbuilding obligations ( 336611) hit $11.0 billion in FY2026 Q3 (Apr-Jun 2026), up 68% from $6.6 billion the prior quarter. Three yards -- Electric Boat ($2.90B), Bath Iron Works ($1.70B) and Huntington Ingalls ($1.67B) -- captured 57% of it, and the Navy bought 79%.
The figures come from USAspending.gov, the Treasury system of record for federal awards, filtered to shipbuilding's industry code. The Department of the Navy bought 79% of it -- $8.68B -- with the Coast Guard taking most of the rest.
The money is concentrated in three yards. Electric Boat took $2.90 billion -- 26 cents of every shipbuilding dollar -- followed by Bath Iron Works ($1.70B) and Huntington Ingalls ($1.67B). Together the trio captured 57% of the quarter; every other shipyard combined split the remaining $4.77B.
View data as table
| Electric Boat | 2.9 | 26% of the $11.0B total |
|---|---|---|
| Bath Iron Works | 1.7 | |
| Huntington Ingalls | 1.7 | |
| All other yards | 4.8 | every other shipyard combined |
Electric Boat's largest work is Virginia-class submarine material: one Navy line to the yard is booked as "SSN 802 and 803 long lead time material." Shipbuilding awards are lumpy -- a year earlier, FY2025 Q3 ran to $18.9B -- so this jump is a rebound off two soft quarters, not a new annual high.
View data as table
| FY25 Q3 | 18.9 | a year earlier -- a much bigger quarter |
|---|---|---|
| FY25 Q4 | 7.5 | |
| FY26 Q1 | 5.3 | |
| FY26 Q2 | 6.6 | prior quarter |
| FY26 Q3 | 11 | Apr-Jun 2026 |
- Governmentwide shipbuilding obligations ( 336611) reached $11.0B in FY2026 Q3 (Apr-Jun 2026) -- up 68% from $6.6B the prior quarter.
- Three yards hold 57% of the quarter's money ($6.26B combined): Electric Boat $2.90B, Bath Iron Works $1.70B, Huntington Ingalls $1.67B.
- The Department of the Navy obligated 79% ($8.68B); the U.S. Coast Guard is most of the remainder.
- This is a quarter-over-quarter jump, not year-over-year growth: FY2025 Q3 was larger at $18.9B. Shipbuilding awards are lumpy, and the figures here are recomputable from the USAspending API queries in the sources.
Obligations are summed at the transaction level (spending_level=transactions) by action date, filtered to 336611. USAspending lists Huntington Ingalls under two recipient records this quarter -- a primary 'HUNTINGTON INGALLS INCORPORATED' at $1.67B (used here) and a separate record at ~$445M -- so the trio's 57% share is a conservative floor for the parent company. The Electric Boat award profile's cumulative total is life-of-award, not a quarterly figure, and is used only to identify the work. Every figure is recomputable from the exact USAspending API queries recorded in the sources. This is a held draft prepared for editor review.
Sources(4) ▾
- U.S. Department of the Treasury, Bureau of the Fiscal Service (USAspending.gov), USAspending.gov Award Search API — Spending Over Time (shipbuilding contract obligations, NAICS 336611, by fiscal quarter) (2026-08-14) — Governmentwide federal obligations under 336611 (Ship Building and Repairing), grouped by fiscal quarter. Recomputable POST query (issuer-hosted API): {"group":"quarter","spending_level":"transactions","filters":{"naics_codes":["336611"],"time_period":[{"start_date":"2024-10-01","end_date":"2026-06-30"}]}}. spending_level MUST be set to "transactions" to sum obligation amounts by action date; the endpoint's default spending_level shifted during the pull window and returns a partial total if omitted. Establishes aggregated_amount by quarter: FY2026 Q3 = $11,034,376,795.35; FY2026 Q2 = $6,563,474,985.03; FY2026 Q1 = $5,281,159,750.30; FY2025 Q4 = $7,470,959,598.03; FY2025 Q3 = $18,927,579,818.63. A live POST-only API; a static GET/Wayback capture is not meaningful, so the exact request body is recorded here for reproduction. api.usaspending.gov
- U.S. Department of the Treasury, Bureau of the Fiscal Service (USAspending.gov), USAspending.gov Award Search API — Spending by Recipient (shipbuilding obligations, NAICS 336611, FY2026 Q3) (2026-08-14) — 336611 contract obligations for the FY2026 Q3 window (Apr-Jun 2026) broken out by recipient. Recomputable POST query: {"category":"recipient","spending_level":"transactions","filters":{"naics_codes":["336611"],"time_period":[{"start_date":"2026-04-01","end_date":"2026-06-30","date_type":"action_date"}]},"limit":15}. Establishes the three leading yards: Electric Boat Corporation $2,895,902,768.74; Bath Iron Works Corporation $1,699,018,069.00; Huntington Ingalls Incorporated $1,666,733,609.00. (USAspending lists Huntington Ingalls under two recipient records for the quarter — the primary 'HUNTINGTON INGALLS INCORPORATED' at $1.67B used here and a separate 'HUNTINGTON INGALLS INC' at ~$445M; only the primary record is counted in the trio, which understates the parent company.) A live POST-only API; exact body recorded here for reproduction. api.usaspending.gov
- U.S. Department of the Treasury, Bureau of the Fiscal Service (USAspending.gov), USAspending.gov Award Search API — Spending by Awarding Sub-Agency (shipbuilding obligations, NAICS 336611, FY2026 Q3) (2026-08-14) — 336611 contract obligations for the FY2026 Q3 window (Apr-Jun 2026) broken out by awarding sub-agency. Recomputable POST query: {"category":"awarding_subagency","spending_level":"transactions","filters":{"naics_codes":["336611"],"time_period":[{"start_date":"2026-04-01","end_date":"2026-06-30","date_type":"action_date"}]},"limit":6}. Establishes the Department of the Navy as the leading buyer at $8,680,579,144.56, ahead of the U.S. Coast Guard at $2,078,607,109.37. A live POST-only API; exact body recorded here for reproduction. api.usaspending.gov
- U.S. Department of the Treasury, Bureau of the Fiscal Service (USAspending.gov), USAspending.gov Award Profile — Electric Boat Corporation, 'SSN 802 AND 803 LONG LEAD TIME MATERIAL' (NAICS 336611) (2026-08-14) — Issuer-hosted award profile for the Navy contract to Electric Boat Corporation described as 'SSN 802 AND 803 LONG LEAD TIME MATERIAL' (Virginia-class submarine long-lead material), classified under 336611. The record confirms Electric Boat as an active Navy shipbuilding contractor of the kind aggregated in the recipient breakdown; it is corroboration for the yard's FY2026 Q3 obligation total, not the source of that quarterly figure (the profile's cumulative total_obligation spans the life of the award, not the quarter). usaspending.gov
Comments
Always open. Logged-in readers can annotate paragraphs in place.
Federal agencies obligated $11.0 billion in shipbuilding contracts in the third quarter of fiscal 2026 (April-June 2026) under NAICS 336611, Ship Building and Repairing -- 68% more than the $6.6B obligated the quarter before.