Sign In
Search
Business/Financial

Pension Benefit, Operating Gains Boost Huntington Ingalls In Fourth Quarter

Cal Biesecker By
SHARE:
Pension Benefit, Operating Gains Boost Huntington Ingalls In Fourth Quarter
Huntington Ingalls President and CEO Mike Petters. Photo: HII

Huntington Ingalls Industries [HII] on Thursday posted higher net income and sales in its fourth quarter, driven by a pension tailwind, higher operating profits in two of its segments, and an increase in shipbuilding revenue. Net income in the quarter soared 67 percent to $249 million, $6.15 earnings per share (EPS), from $149 million ($2.96 EPS) a year ago. Adjusting for the pension benefit, net income was up 44 percent to $176 million ($4.35 EPS), short of consensus estimates by…

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

Business/Financial

Funding To Support Multi-Year Missile Production Deals Expected In Iran Supplemental, FY ’27 Request

Business/Financial

AeroVironment Expands Manufacturing Capacity, UAS Products, With ESAero Acquisition

Business/Financial

Swarmer To Raise Up To $17.25 Million In IPO; Trading Starts Today

Business/Financial

Earnings, Sales Fall At SAIC In Fourth Quarter On Shutdown, Enterprise IT Headwinds

Trending

Next SDA Tranche 1 Launches Likely In May Or June, Director Says
Defense Watch: Railgun Testing, DOGE Endures, FAMM Engines, Faster FMS
U.S. And Japan Conduct First SPY-7 ASEV Live Tracking Test
Palladyne AI Nabs Navy Contract For Air-Launched Near Hypersonic Missile
Guetlein Names Golden Dome C2 Primes, Adds $10 Billion To Total Cost

Congress Updates

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]

Army

Army Taking ‘More Refined’ Approach On Push For Right To Repair Reforms, Obadal Says

After lawmakers decided against including major “right to repair” reforms in the latest defense policy bill, a senior Army official has said the service is continuing its push for authorities […]

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume