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

Cal Biesecker By
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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,…

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