Sign In
Search
Business/Financial

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

Cal Biesecker By
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…

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

Tory Bruno Hops From ULA, Skips To Blue Origin

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

Trending

Tory Bruno Hops From ULA, Skips To Blue Origin
Replicator 2 Effort Now Within JIATF-401, Director Says
Navy To Award Leidos’ Gibbs & Cox Contract For New Battleship Design
New Navy Frigate Will Be “Mothership” To Control Unmanned Systems For Future Hybrid Fleet
Lockheed’s Venture Arm Invests In Battery Technology Company South 8

Contract Updates

Intertrade Limited (Cedar Rapids, Iowa) – $9,272,637

Intertrade Limited, Cedar Rapids, Iowa, has been awarded a maximum $9,272,637 firm-fixed-price contract for F-16 generator controls. 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 four-year…

Cottonwood Inc. (Lawrence, Kansas) – $44,370,000

Cottonwood Inc.,** Lawrence, Kansas, has been awarded a maximum $44,370,000 firm-fixed-price, indefinite-quantity contract for aircraft cargo tie down straps. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(5), as stated in Federal Acquisition Regulation 8.7. This is…

Teva Pharmaceuticals USA Inc. (Parsippany, New Jersey) – $46,087,497

Teva Pharmaceuticals USA Inc., Parsippany, New Jersey, has been awarded a maximum $46,087,497 modification (P00009) exercising the third one-year option period of a five-year base contract (SPE2DP-20-D-0002) with five one-year option periods for adenovirus type 4 and type 7 vaccines.…

Northrop Grumman Systems Corp. (Oklahoma City, Oklahoma) – $64,111,631

Northrop Grumman Systems Corp., Oklahoma City, Oklahoma, has been awarded an estimated $64,111,631 delivery order (SPRTA1-26-F-0034) and modification (P00015) to a four-year subsumable base contract (SPRTA1-19-D-0001) with one five-year option period for additional pricing for the manufacture and production of…

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