Item 1.01. Entry into a Material Definitive Agreement.

On April 3, 2020 (the "Closing Date"), Huntington Ingalls Industries, Inc. (the "Company") entered into that certain 2020 Revolving Credit Agreement (the "Credit Facility") among the Company, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent. The Credit Facility includes a revolving credit facility of $500 million. The Credit Facility matures on April 2, 2021.

The revolving credit facility has a variable interest rate on outstanding borrowings based on the London Interbank Offered Rate (LIBOR) plus a spread based upon the Company's credit rating, which may vary between 2.00% and 2.375%. The revolving credit facility also has a commitment fee rate on the unutilized balance of 0.50%. The Credit Facility contains affirmative and negative covenants customary for an unsecured credit facility, as well as a financial covenant based on a maximum total leverage ratio, in each case substantially similar to the covenants contained in the Credit Agreement, dated as of November 22, 2017, by and among the Company, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent and an issuing bank, and certain other issuing banks. Each of the Company's existing and future material wholly owned domestic subsidiaries, except those that are specifically designated as unrestricted subsidiaries or immaterial subsidiaries, are and will be guarantors under the Credit Facility.

The foregoing description of the Credit Facility is qualified in its entirety by reference to the 2020 Revolving Credit Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

The administrative agent and lenders, together with their affiliates, are full service financial institutions engaged in various activities, which may include securities trading, commercial and investment banking, financial advisory, investment management, investment research, principal investment, hedging, financing and brokerage activities. The administrative agent and lenders and/or their affiliates have, from time to time, performed, or may in the future perform, various financial advisory and investment banking services for the Company, for which they received or will receive customary fees and expenses.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an


           Off-Balance Sheet Arrangement of a Registrant.

The information contained in Item 1.01 of this Form 8-K is incorporated into this Item 2.03 by reference.




Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits.


Exhibit
  No       Description
10.1         2020 Revolving Credit Agreement
104        Cover Page Interactive Data File (embedded within the Inline XBRL document)

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[[Image Removed]]SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.





                      HUNTINGTON INGALLS INDUSTRIES, INC.

Date: April 3, 2020   By:     /s/ Charles R. Monroe, Jr.
                                Charles R. Monroe, Jr.
                               Corporate Vice President
                              Associate General Counsel
                                    and Secretary

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