Sign In
Search
Business/Financial

HII Posts Solid Third Quarter, Increases Guidance For Sales And Cash Flow; CVN 80 Delayed

Cal Biesecker By
SHARE:
HII Posts Solid Third Quarter, Increases Guidance For Sales And Cash Flow; CVN 80 Delayed
Artist rendering of the USS Enterprise (CVN-80) aircraft carrier. (Image: HII)

HII [HII] on Thursday posted solid third quarter results with sales and earnings up 7 percent and the company increased its 2023 outlook for sales and free cash flow. The company also said delivery of the Gerald R. Ford-class aircraft carrier USS Enterprise (CVN 80) will be delayed a year due to delays of major components for “the bottom of the ship” by suppliers. The delays stem from post-COVID labor and supply chain impacts, Chris Kastner, HII’s president and CEO,…

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 Awards DPA Funds To Solid Rocket Motor Component Supplier PacSci

Business/Financial

Blue Water Autonomy Announces Power, Propulsion, Manufacturing Partners

Business/Financial

York Space Systems To Acquire Space Solar Tech Company Solestial To Shore Up Supply Chain

Business/Financial

Anduril Raises $5 Billion In New Round; Company Valuation At $61 Billion

Trending

Coast Guard Plans R&D Effort With Lockheed Martin To Assess HPMs To Stop Small Boats
Perennial Autonomy Nabs $500 Million DoD Counter-Drone Contract
Lockheed Conducts Successful Seeker Test For QuadStar Missile Competing For Army’s NGSRI
Defense Watch: F-35 News, Big GD Sub Award, E-7 Reversal, UxS News
Defense Watch: FORGE, Cloud Contract, Another Super Hornet Lost, AFC/TRADOC Merger Name, TOC-L Protest

Congress Updates

Navy/USMC

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]

Army

Army Relooking At Its ‘Whole Aviation Transformation’ Plan, Acting Chief Tells Lawmakers

The Army is relooking at its “whole aviation transformation initiative,” the service’s acting chief of staff told lawmakers on Tuesday, to include its approach for future procurement of “enduring” platforms. […]

Army

Lawmakers Request DoD Briefing On Army’s Planned Cuts To Aviation Procurement

A bipartisan group of House lawmakers has sent a letter asking the Pentagon for a briefing on the potential industrial base impacts as a result of the Army’s planned cuts […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume