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Business/Financial

HII Reports Strong Second Quarter Led By Mission Technologies Segment

By Cal Biesecker

Thursday, August 1st, 2024

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HII Reports Strong Second Quarter Led By Mission Technologies Segment

A representation of the future USS Bougainville (LHA-8), an amphibious assault ship. (Image: Huntington Ingalls Industries)

Just like the first quarter, HII [HII] on Thursday posted strong second quarter results driven by gains at its Mission Technologies segment with help from shipbuilding operations. Mission Technologies again benefited from work on C5ISR, cyber, electronic warfare, and space, which drove a 19 percent increase in sales, a seventh straight quarterly record, and a tripling in operating income. The segment’s bottom-line also enjoyed a favorable comparison versus the year ago quarter when it was hit by a $6 million…

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