:

Business/Financial

Huntington Ingalls Posts Strong Third Quarter Results

By Cal Biesecker

Thursday, November 8th, 2018

SHARE:

Huntington Ingalls Posts Strong Third Quarter Results

Rendering of LPD 29 amphibious transport dock. Work on the new ship helped boost HII's sales in the third quarter. Rendering: HII

Huntington Ingalls Industries [HII] on Thursday reported a strong third quarter with sales higher mainly on Navy and Coast Guard programs and earnings up on the higher revenue, lower taxes, a favorable change in workers’ compensation expense and a pension benefit.Net income increased 54 percent to $229 million, $5.29 earnings per share (EPS), from $149 million ($3.27 EPS), led by double-digit gains at both the Newport News and Ingalls Shipbuilding segments, which more than offset a decline at Technical Solutions.…

Missile Defense

Guetlein On Golden Dome: ‘We Cannot Protect This Nation And Bankrupt It At The Same Time’

While there has been criticism among missile defense advocates of Golden Dome’s development pace after the signing of an executive order in January last year, Space Force Gen. Michael Guetlein, […]

Missile Defense

Interview with Rep. Jeff Crank (R-Colo.), co-chair of the Golden Dome Caucus

Rep. Jeff Crank (R-Colo.), a co-chair of the Golden Dome Caucus in Congress and a member of the House Armed Services Committee’s strategic forces panel, discusses the transformative defense investments […]

Space

Space Force PAE For Infrastructure Completing Move To Colorado Springs

U.S. Space Force Space Systems Command’s (SSC) Portfolio Acquisition Executive (PAE) for infrastructure–a $4 billion contracting hub for SSC–is completing a move from Los Angeles Air Force Base, Calif. to […]

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]