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Business/Financial

Huntington Ingalls Reports Second Quarter Profits

Defense Daily Staff

Friday, August 12th, 2011

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Huntington Ingalls Industries [HII], the largest builder of Navy surface ships, yesterday reported earnings of $40 million for the second quarter of 2011 after suffering losses in the same period last year. The profit margin of 5.8 percent came after a 1.2 percent decline--or an $11 million loss--in the April-June quarter of 2010, the company reported. Revenues, however, dropped by 2.9 percent from $1.61 billion to $1.56 billion. Huntingon Ingalls attributed the fall to lower sales on the DDG-51 Arleigh Burke-class…

Congress

Munitions Fired Represent Most of $25 Billion Spent By Pentagon on Iran War So Far

Munitions fired in the two-month old “Operation Epic Fury” against Iran represent most of the $25 billion cost the Pentagon has incurred thus far in the conflict, the acting Defense […]

Congress

Slotkin: Pentagon Should Use Anthropic’s Mythos To Spot Cyber Security Gaps

The Pentagon should be using Anthropic‘s recently announced Mythos artificial intelligence model to spot gaps in cyber security, Sen. Elissa Slotkin (D-Mich.) said on Tuesda. “I think the thing that […]

Budd And Shaheen Bill Would Authorize 329 F-15EX Fighters

Two members of the Senate Armed Services Committee (SASC), Sen. Ted Budd (R-N.C.) and Sen. Jeanne Shaheen (D-N.H.), have introduced the Airpower Acceleration Act, which would authorize multi-year procurements of […]

Congress

HASC’s Wittman Sees ‘Challenging’ Push For $350B In Reconciliation Funds, Wants Sustained Defense Increase

NATIONAL HARBOR, Md.– Congress’ work to pass $350 billion in reconciliation funds to support the Trump administration’s push for a $1.5 trillion fiscal year 2027 defense topline is “going to […]