Huntington Ingalls Industries, Inc. / "Supply Chain Management" | Tables in SEC filings

HII Huntington Ingalls Industries, Inc.

Definitive proxy

The Ingalls Shipbuilding division performance score was based 40% on the division operational score, 40% on the division financial score, 10% on the combined operating margins (“SOM”) of the two shipbuilding divisions and 10% on the division strategic leadership score. For purposes of determining the division performance factor under the AIP for Ingalls, the performance criteria for Ingalls were weighted as follows:

Metric

Description

Individual Weight

Overall Weight

OPERATIONAL*

Safety

Measured by a combination of elements, including total case rate, lost total case rate and lost work days rate

16%

40%

Quality

Measured by integrating elements such as defect rates, process quality, planning quality and other appropriate criteria for program type and phase

14%

Cost

Measured using program-specific objectives related to achievement of cost factors that include Cost Performance Index and overhead rates

14%

Schedule

Measured using program-specific objectives related to achievement of quarterly schedule targets

14%

Cross-Shipbuilding Collaboration

Measured based on five areas (program management, supply chain management, planning, engineering and operations)

14%

Diversity and Inclusion

Measured using a combination of the following elements: hiring, promotional and developmental opportunities and placements for diverse candidates

14%

Division Management

Focused on operational or financial goals or goals relating to environmental, human capital or any other area in which our CEO desires to drive performance. Goals recommended by our CEO and approved by the Committee at the beginning of the performance year are specific to each division’s opportunities and challenges

14%

FINANCIAL

Return on Sales

Measured as division OM before other post-employment retirement benefits and FAS/CAS net pension expense

50%

40%

Operating Cash Flow

Measured as division OCF before discretionary pension contributions, capital expenditures and excess cash flow

50%

OPERATING MARGIN

Combined Shipbuilding Operating Margin

Measured as the combined OM of the shipbuilding divisions

100%

10%

STRATEGIC

Strategic Leadership

Measured based on four metrics (leadership, sustainability, cybersecurity and compliance)

100%

10%

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