Sign In
Search
Business/Financial

Strong Shipbuilding Performance, Pension Tailwind Boost Huntington Ingalls But Virus Impacts Coming

Cal Biesecker By
SHARE:
Strong Shipbuilding Performance, Pension Tailwind Boost Huntington Ingalls But Virus Impacts Coming
Artist rendering of the first Flight III DDG-51 Arleigh Burke-class destroyer, the future USS Jack H. Lucas (DDG-125). (Image: Huntington Ingalls Industries)

A pension benefit combined with strong operating results at its shipbuilding businesses drove a strong first quarter at Huntington Ingalls Industries [HII], although workforce impacts at the company’s shipyards led it to forecast sales this year at the low end of prior guidance and company officials signaled uncertainty going forward. Net income increased 46 percent to $172 million, $4.23 earnings per share (EPS), versus $118 million ($2.85 EPS) a year ago, 27 cents shy of consensus projections. Sales increased 9…

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

Pentagon Invests To On-Shore Optical Display Supply Chain

Business/Financial

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

Business/Financial

Lockheed Martin Invests In Developer Of Manufacturing System For Large Composite Parts

Business/Financial

HII Reports Strong Fourth Quarter And 2025 On Shipbuilding, Mission Tech

Trending

Defense Watch: F/A-XX Update, Help Needed, ChatGPT, Drone JV
Startup Developing Blended Wing Aircraft For Cargo Use Raises $28 Million
Cyber Defense At RF, Ground, Optical Interfaces Key For Space Systems
Starfish Nabs $55 Million Space Force Award For Orbital Mobility
Contract Awards

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