Aerospace Group:

Business/Financial

Navy Ship Work, Acquisition Lead HII To Strong Third Quarter Results

By Cal Biesecker

Wednesday, November 8th, 2017

SHARE:

Navy Ship Work, Acquisition Lead HII To Strong Third Quarter Results

Huntington Ingalls President and CEO Mike Petters. Photo: HII

Huntington Ingalls Industries [HII] on Wednesday posted strong financial results in its third quarter driven by work on aircraft carriers and amphibious assault ships for the Navy and the acquisition last year of a technical services company.Net income jumped 39 percent to $149 million, $3.27 earnings per share (EPS), from $107 million ($2.27 EPS) a year ago, beating analysts’ estimates by 48 cents per share. Operating margins were 12.7 percent versus 10.4 percent a year ago.Earnings were strong due to…

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 […]