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Ingalls Division Drives Strong Third Quarter Results At Hungtington Ingalls

By Cal Biesecker

Thursday, November 5th, 2015

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Ingalls Division Drives Strong Third Quarter Results At Hungtington Ingalls

Huntington Ingalls Industries [HII] on Thursday posted strong third quarter financial results on the back of its Ingalls Shipbuilding division, which benefited from higher sales of Navy destroyers and improved operating performance, including a favorable contract adjustment on a large deck amphibious ship that has already been delivered.Net income increased 16 percent to $11 million, $2.29 earning per share (EPS), from $96 million ($1.96 EPS), topping consensus estimates by 16 cents per share. Segment operating margins in the company’s were…

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]

Unmanned Systems

In Response To Flag Concerns, DoD Looks To Reduce Drone Prices, As Order for 30,000 Looms

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Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]