Sign In
Search
Business/Financial

Pension Swing, LPD Improvement Boost Income At Huntington Ingalls

Cal Biesecker By
SHARE:
Pension Swing, LPD Improvement Boost Income At Huntington Ingalls
USS George Washington (CVN 73). Photo: U.S. Navy.

Huntington Ingalls Industries [HII] on Thursday reported higher earnings and sales driven by a favorable pension adjustment, better performance on its LPD amphibious ship programs, lower risk on attack submarine programs and the contribution from acquisitions. Net income increased 20 percent to $96 million, $1.96 earnings per share (EPS), from $69 million ($1.36 EPS) a year ago, easily topping consensus estimates of $1.84 EPS. A swing to $21 million in pension income versus a $13 million loss a year ago…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

DoD Announces $264 Million In Industrial Base Support, Including Aussie Gallium Deal

Business/Financial

Heven AeroTech Opens New Drone Manufacturing Facility In Virginia

Business/Financial

Stoke Space Raises $1 Billion As Startup Approaches First Launch

Navy/USMC

Interview with Anduril’s James Buescher on Production Of Autonomous Undersea Vehicles

Trending

Skunk Works Plans First Flight of Vectis Prototype By End of Next Year
Defense Watch: Air, Space & Cyber, Poland Loans, Argentina FMS
Boeing Advances To Next Phase Of Army’s IFPC Inc. 2 Second Interceptor Competition
Army To Field Joint Laser Weapon System By July 2028, Pentagon’s Critical Tech Lead Says
Northrop Grumman Test Flies Lumberjack One-Way Attack System With Magnet Navigation

Congress Updates

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

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, […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume