# HII

HII is a Pension Fund based in Newport News, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Newport News, United States
- **Region:** North America
- **Address:** 4101 Washington Avenue Building 909-6, Newport News, VA, United States
- **Assets under management:** $6.9B (Altss estimate)
- **Website:** hii.com
- **LinkedIn:** https://www.linkedin.com/company/hiinyc

## Regulatory record

- **Reports private funds:** No

## About

New Ships Pension Master Trust was established to administer defined benefit plans for Huntington Ingalls Industries employees. The trust operates from Newport News, Virginia, and draws its funding from the defense contractor that builds nuclear-powered aircraft carriers and submarines. The trust allocates 9.57% to private equity and maintains exposure to public equities and debt securities. Confirmed holdings include a limited partnership interest in Veritas Capital Fund VIII. Geographic reach centers on the United States with primary operations in Virginia and Mississippi through the sponsor's shipyards. The trust reports $6.873B in assets. It engages BNY Mellon as trustee and custodian and retains Deloitte & Touche as auditor. In 2024 the sponsor participated in the Sea-Air-Space Exposition and the AUSA Annual Meeting. The pension sits inside a publicly traded defense contractor, creating a direct link between operating cash flows from shipbuilding contracts and retirement plan funding.

## Sectors

- Defense
- Aerospace

## People

- Christopher D. Kastner — President and Chief Executive Officer
- Thomas E. Stiehle — Executive Vice President and Chief Financial Officer
- Kirkland H. Donald — Chairman of the Board of Directors

## Questions

### Who runs investment decisions at HII's pension trust?

Investment oversight rests with the HII treasury and finance team under Christopher D. Kastner and Thomas E. Stiehle.

### Does the trust participate in fund commitments or only direct deals?

The trust acts as a limited partner in private equity funds including Veritas Capital Fund VIII.

### What asset classes does the trust currently hold?

Holdings include public equities, fixed income securities and private equity commitments.

### Which service providers support the trust?

BNY Mellon serves as trustee and custodian; Deloitte & Touche acts as independent auditor.

## Related profiles

- [Pensioenfonds Schoonmaak](https://altss.com/profile/pensioenfonds-schoonmaak)
- [Vermont Pension Investment Commission](https://altss.com/profile/vermont-pension-investment-commission)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/hii

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology