Sign In
Search
Business/Financial

Shipbuilding Powers HII To Strong Third Quarter

Cal Biesecker By
SHARE:
Shipbuilding Powers HII To Strong Third Quarter
HII’s Newport News Shipbuilding division conducted and completed initial sea trials for Virginia-class attack submarine New Jersey (SSN 796) in February 2024. (Photo: HII)

HII [HII] on Thursday posted strong third quarter results on ample top and bottom-line performance at its shipbuilding operations combined with a solid contribution from the Mission Technologies segment. Net income jumped 44 percent to $145 million, $3.68 earnings per share (EPS), from $101 million ($2.56 EPS), handily topping consensus estimates by 32 cents per share. Through September, net income is up 4 percent to $446 million ($11.35 EPS). Sales were 16 percent higher, a record $3.2 billion in the…

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

U.S. Taking Equity Stake In Mining Company USA Rare Earth

Business/Financial

Northrop Grumman Expects Agreement Soon To Accelerate B-21 Production; Pausing Buybacks

Business/Financial

Cybersecurity Firm Supporting Defense Companies Raises $31 Million In Early Funding Round

Business/Financial

Shipbuilding Leads GD To Solid Fourth Quarter In Finish To Strong Year

Trending

Current F-35 Configuration Complicates Fielding Of APG-85 Radar
DoD Selects 25 Vendors To Compete In First Round Of Drone Dominance Program
Saudi Arabia, Israel Get Nod For $15.7 Billion In Combined U.S. Arms Sales
USAF Considering “Modular” Missile Silos For Sentinel
Northrop Grumman Expects Agreement Soon To Accelerate B-21 Production; Pausing Buybacks

Contract Updates

R&M Government Services (Las Cruces, New Mexico) – $23,894,784

R&M Government Services,* Las Cruces, New Mexico, has been awarded a maximum $23,894,784 firm-fixed-price, indefinite-quantity contract for battery compartments. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in the Federal Acquisition Regulation 6.302-1. This…

L3Harris Technologies Inc. (Clifton, New Jersey) – $9,571,947

L3Harris Technologies Inc., Clifton, New Jersey, is being awarded $9,571,947 for a firm-fixed-price contract for the procurement of 74 radio frequency amplifiers in support of Navy F/A-18E/F/G aircraft. The contract does not include an option provision. All work will be…

Sikorsky Aircraft Corp. a Lockheed Martin Co. (Stratford, Connecticut) – $21,600,000

Sikorsky Aircraft Corp., a Lockheed Martin Co., Stratford, Connecticut, is awarded a not-to-exceed $21,600,000 cost reimbursable undefinitized order (N0001926F1016) against a previously issued basic ordering agreement (N0001923G0002). This order provides for instantaneous access to 105% Transient Engine Torque test and…

Amentum Mitie Pacific LLC (Chantilly, Virginia) – $85,236,794

Amentum Mitie Pacific LLC, Chantilly, Virginia, is awarded an $85,236,794 fixed-price-award-fee, indefinite-delivery/indefinite-quantity contract for base operating support services at Navy Support Facility, Diego Garcia. Work will be performed at Diego Garcia, British Indian Ocean Territory, and is expected to be…

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