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 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

Air Force

Boeing Receives Sole Source Award For C-17 Flight Deck Replacement, As USAF Projects Spares For Two LRUs Will Run Out in FY 2028

Advanced / Transformational Technology

Kratos Orders 60 Zeus SRMs From L3Harris Technologies

Unmanned Systems

Replicator 2 Effort Now Within JIATF-401, Director Says

International

RTX Awarded $1.7 Billion FMS Contract To Supply Patriot Systems To Spain

Trending

Trump Wants To Bring Back Battleships With New Ship Class Named After Himself
Trump To Defense Industry Leaders: Slash Executive Pay, Dividends And Buybacks In Favor Of Production Investments
Parsons Receives $30 Million Under DARPA Blackjack Program, Company Says
CACI Makes Play To Bolster Space Capabilities With $2.6 Billion Bid For ARKA Group
Boeing Picks Anduril As Rocket Motor Partner In Pursuit Of IFPC Inc. 2 Second Interceptor

Contract Updates

Oshkosh Defense LLC (Oshkosh, Wisconsin) – $29,432,585

Oshkosh Defense LLC, Oshkosh, Wisconsin, has been awarded an estimated $29,432,585 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for steering gears. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in Federal Acquisition Regulation 6.302-1. This is a three-year…

Propper International Inc. (Cabo Rojo, Puerto Rico) – $48,380,842

Propper International Inc., Cabo Rojo, Puerto Rico, has been awarded a maximum $48,380,842 fixed-price, indefinite-delivery/indefinite-quantity contract for flame resistant pants. This was a competitive acquisition with four responses received. This is a one-year contract with no option periods. The ordering…

Northrop Grumman Systems Corp. (Rolling Meadows, Illinois) – $50,000,000

Northrop Grumman Systems Corp., Rolling Meadows, Illinois, was awarded a $50,000,000 modification (P00033) to a previously awarded contract (FA8540-19-D-0001) for LITENING CATP program. This modification brings the total face value of the contract to $1,360,000,000 from $1,310,000,000. This action does…

World Wide Technology LLC (St. Louis, Missouri) – $15,285,426

World Wide Technology LLC, St. Louis, Missouri, is awarded a $15,285,426 firm-fixed-price contract. This effort procures Information Technology hardware and software in support of the Program Executive Office Digital Enterprise Services, Webster Outlying Field Integrated Command, Control and Intel Systems…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume