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

Cal Biesecker By
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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…

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