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Strong Operating Performance Drives Earnings Up At Huntington Ingalls

Defense Daily Staff

Thursday, August 8th, 2013

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Strong Operating Performance Drives Earnings Up At Huntington Ingalls

Despite a slight decline in sales, naval shipbuilder Huntington Ingalls Industries [HII] yesterday posted strong income gains, driven by operating performance at its Ingalls and Newport News divisions. The second quarter results were similar to those of the first quarter, when earnings soared despite flat sales as the company focuses on execution. However, the third quarter may be more challenging due to an unusual setback during pier side trials of the LPD-25 Somerset amphibious transport dock ship on the Mississippi…

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