:

Business/Financial

Pension Tailwind Drives Huntington Ingalls’ Profit Up In Second Quarter

By Cal Biesecker

Thursday, August 3rd, 2017

SHARE:

Pension Tailwind Drives Huntington Ingalls’ Profit Up In Second Quarter

Artist rendering of LHA 8 Bougainville amphibious assault ship. Huntington Ingalls said that increase volume on the Bougainville helped contribute to higher sales in the second quarter. Rendering by HII.

Buoyed by a pension tailwind and strong operating profits in its Ingalls Shipbuilding and Technical Solutions segments, Huntington Ingalls Industries [HII] on Thursday posted solid earnings and sales in its second quarter.Net income rose 11 percent to $147 million, $3.21 earnings per share (EPS), from $133 million ($2.80 EPS) a year ago. Excluding the benefits from pension income, per share results were $2.51, 16 cents below consensus forecasts.Sales in the quarter were $1.9 billion, up 9 percent from $1.7 billion…

Congress

Senior GOP HASC Members Wittman, Turner Ousted Amid Dems’ Blue Wave

Two senior Republicans on the House Armed Services Committee, including a potential frontrunner for the panel’s top GOP role, have officially lost their reelection bids. Reps. Rob Wittman (R-Va.) and […]

Congress

Dems’ Big Night Set To Reshape Top Defense Committee Spots, As Key GOP’ers Knocked Off

Democrats’ sweeping victories in Tuesday’s midterms, taking back control of the House and Senate, are set to reshape key spots atop defense committees, to include House Armed Services panels and […]

Congress

Key Defense Committee Members Face Tight Midterm Races, Including HASC GOP’ers In Virginia

As the mid-term elections near with polls showing an increasing likelihood of a switch in majority control in the House and potentially the Senate, three Virginia Republicans on the House […]

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]