Sign In
Search
Business/Financial

HII Sees Flat Sales Through 2020; Strong Cash Returns To Shareholders

Cal Biesecker By
SHARE:
HII Sees Flat Sales Through 2020; Strong Cash Returns To Shareholders
Huntington Ingalls President and CEO Mike Petters. Photo: HII

Over the next five years Huntington Ingalls Industries’ [HII] shipbuilding sales will be relatively flat, but the company expects to return most of its free cash to shareholders, including annual dividend hikes, company officials said on Tuesday.From 2016 to 2020 revenue from HII’s shipbuilding segments will be flat but overall the company is in good shape and “we recognize we now no longer are at a point where we are having to manage the cash for the risk register,” Mike…

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

Defense Watch

Defense Watch: EA-37s in Wargame, Laser Use OK’d, Army ADOC, UAS Award, FMD Chief Back

Defense Watch

Defense Watch: Unhappy Dem, Hypersonic Test, More Army Ousters, DDG Launch

Business/Financial

Powerus, DFT Team To Deliver Enhanced Drone Interceptors

Business/Financial

X-Bow Providing Rocket Assisted Takeoff Kit For AEVEX Long-Range Loitering Munition

Trending

Space Force Awards 14 Companies Space Domain Awareness Contracts Under “Andromeda”
Space Systems Command Wants Rapid GTO To GEO Propulsion Options
Space Force Requests More Than $8 Billion For Space-Based AMTI
Air Force To Host Classified Industry Day For Standoff Attack Weapon
Defense Watch: Unhappy Dem, Hypersonic Test, More Army Ousters, DDG Launch

Congress Updates

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume