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Business/Financial

Challenges Persist On LPD Programs But HII Expresses Confidence In Outlook

Defense Daily Staff

Tuesday, November 13th, 2012

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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…

Congress

House Appropriators Concerned With ‘Risky’ Reconciliation Approach To Fund Munitions, F-35 Plans

The House Appropriations Committee has raised concern with the Trump administration’s “risky” approach to seeking significant fiscal year 2027 funding for key priorities such as critical munitions and F-35 procurement […]

Budget

Lawmakers Push Shipbuilding Accountability And Submarine Reports In House Appropriations Bill

The House Appropriations Committee’s mark of the FY ‘27 defense spending bill includes shipbuilding accountability provisions given increasing cost-to-complete requests and perennially delayed shipbuilding programs. The bill report said that […]

Congress

Six F-35Bs Delivered Without Radars Thus Far, Program Director Says

The U.S. Marine Corps thus far has received six F-35B fighters without radars, as the service waits on Northrop Grumman‘s [NOC] delivery of the AN/APG-85 radar, which is to replace […]

Congress

Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans

Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]