Huntington Ingalls Industries [HII] last week reported a third quarter profit on flat sales, although persistent problems in a series of ships it is building for the Navy resulted in charges that helped keep earnings below expectations. However, the Navy shipbuilder is increasingly confident about its prospects during the next few years, particularly in meeting operating margin targets of more than 9 percent in 2015. That confidence led it to declare its first quarterly dividend and share repurchase program. “We’re…
Challenges Persist On LPD Programs But HII Expresses Confidence In Outlook
Defense Daily Staff
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