Sign In
Search
Business/Financial

Huntington Ingalls Posts Strong Earnings In Fourth Quarter

Cal Biesecker By
SHARE:
Huntington Ingalls Posts Strong Earnings In Fourth Quarter
The National Security Cutter Munro completed builder’s sea trials in August and is scheduled to be delivered to the Coast Guard in December. Photo: HII

Buoyed by strong operating performance combined with a pension tailwind and lower taxes, Huntington Ingalls Industries [HII] on Thursday reported strong earnings in its fourth quarter, trouncing consensus estimates.Net income nearly quadrupled to $197 million, $4.20 earnings per share (EPS), from $50 million ($1.06 EPS) in the fourth quarter of 2015, driven by operating performance, pension and tax benefits, and a lower share count.Excluding the pension tailwind and the negative impacts of some impairment charges that dented fourth quarter earnings…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at [email protected] 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

Air Force

New Electro-Optical Commercial Services Program Advised by Senate Defense Appropriators

Budget

Senate Appropriators Restore $1.4 Billion For Navy’s Sixth-Gen Fighter Program In FY ‘26 Spending Bill

Budget

Senate Appropriators Approve FY ‘26 Defense Bill With $21.7 Billion Increase, Address DoD’s Funding Errors

Air Force

Big Department of Air Force Plus Ups from SAC-D Include C-130J; JASSM; EA-37B; Tranche 3, Transport Layer

Trending

Northrop Grumman Announces Completion of First Qualification Test of Sentinel Stage-Two Solid Rocket Motor
Red Cat Expects LRIP Order Soon For Army’s SRR Small Drone, ‘Aggressive’ Ramp Up In FY ‘26
MDA Seeks New Mobile Golden Dome Radar
Golden Dome Head Outlines Near Term Goals, Space-Based Interceptors, And Undecided Architecture
DoD Acquisition Chief Supports HASC’s Reform Proposal, Lawmakers Urge More Communication

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume