Sign In
Search
Business/Financial

HII Posts Lower Profit In Fourth Quarter On Tax, Interest Expenses: Plans New Investments

Cal Biesecker By
SHARE:
HII Posts Lower Profit In Fourth Quarter On Tax, Interest Expenses: Plans New Investments
Huntington Ingalls President and CEO Mike Petters. Photo: HII

Huntington Ingalls Industries [HII] on Thursday reported a steep drop in net income in the fourth quarter largely due to expenses related to a new tax law and the early retirement of debt, although adjusting for these items the results beat consensus estimates.While the new tax reform package hit the company’s earnings in the fourth quarter, as it has other defense manufacturers, HII said the lower federal tax rate that went into effect on Jan. 1 will ultimately generate more…

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

Energy Fuels Gets DoD Investment To Expand Into Expand Rare Earth Supply Chains

Business/Financial

Honeywell Aerospace Begins Trading On Nasdaq

Defense Watch

Defense Watch: PAC-3 Plant, Quantum Tech Investment, Military Labs Review, ULTV Order

Business/Financial

MARTAC Partners With Intrepid Powerboats To Build Hundreds Of USVs

Trending

Honeywell Aerospace Begins Trading On Nasdaq
PACAF Evaluating Boeing MQ-28 Ghost Bat In Valiant Shield
Capella Prepares to Validate Mynaric Optical Terminal on Latest SAR Satellite
House Appropriators Uncertain Navy Will Award F/A-XX Contract By August
Trump Directive Wants Review Of Programs That Could Be Replaced By Drones

Congress Updates

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]

Congress

Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]

Space

Will $4 Billion For SB-AMTI/Space Data Network Backbone In Supplemental Reduce Or Add To Planned Funding For Systems In Reconciliation?

Nearly all of the Department of the Air Force’s fiscal 2027 procurement and research and development (R&D) budget for space-based air moving target indication (SB-AMTI) and the Space Data Network […]

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

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