Latest news with #HuntingtonIngalls
Business Insider
11 hours ago
- Business
- Business Insider
HII awarded $276.13M Navy contract modification
Huntington Ingalls was awarded a $276.13M cost-plus- incentive-fee and cost-plus-fixed-fee modification to a previously awarded contract for additional advance planning effort and long-lead-time material required for the accomplishment of the USS Harry S. Truman Refueling Complex Overhaul. Work is expected to be completed by September 2026. FY25 shipbuilding and conversion funds in the amount of $65M will be obligated at the time of award and will not expire at the end of the current fiscal year. Naval Sea Systems Command is the contracting activity. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Yahoo
31-07-2025
- Business
- Yahoo
Huntington Ingalls tops quarterly results as shipbuilding snags ease
(Reuters) -U.S. military shipbuilder Huntington Ingalls reported second-quarter results above Wall Street estimates on Thursday, as production issues ease at its shipyards and demand booms for submarines. The company's shares rose about 5% in premarket trading. Huntington is a prime contactor for the U.S. Navy's nuclear-powered Columbia-class submarines and makes Virginia-class submarines at its Newport News Shipbuilding facility. Huntington's output has suffered in recent quarters due to persistent problems in retaining skilled shipyard labor, despite China's expanding naval footprint and high global tensions keeping demand for submarines and aircraft carriers high. "We have seen early signs that targeted investments are helping to stabilize the workforce and supply chain, in support of the broader maritime industrial base," CEO Chris Kastner said in a statement. U.S. President Donald Trump's push to revitalize American shipbuilding to deter China is also expected to boost sales for companies like Huntington. It posted a second quarter per-share profit of $3.86, surpassing analysts' average estimate of $3.28, according to data compiled by LSEG. Its sales and services revenue rose 3.5% to $3.08 billion in the quarter, also topping expectations of $2.93 billion. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
31-07-2025
- Business
- Reuters
Huntington Ingalls tops quarterly results as shipbuilding snags ease
July 31 (Reuters) - U.S. military shipbuilder Huntington Ingalls (HII.N), opens new tab reported second-quarter results above Wall Street estimates on Thursday, as production issues ease at its shipyards and demand booms for submarines. The company's shares rose about 5% in premarket trading. Huntington is a prime contactor for the U.S. Navy's nuclear-powered Columbia-class submarines and makes Virginia-class submarines at its Newport News Shipbuilding facility. Huntington's output has suffered in recent quarters due to persistent problems in retaining skilled shipyard labor, despite China's expanding naval footprint and high global tensions keeping demand for submarines and aircraft carriers high. "We have seen early signs that targeted investments are helping to stabilize the workforce and supply chain, in support of the broader maritime industrial base," CEO Chris Kastner said in a statement. U.S. President Donald Trump's push to revitalize American shipbuilding to deter China is also expected to boost sales for companies like Huntington. It posted a second quarter per-share profit of $3.86, surpassing analysts' average estimate of $3.28, according to data compiled by LSEG. Its sales and services revenue rose 3.5% to $3.08 billion in the quarter, also topping expectations of $2.93 billion.
Yahoo
31-07-2025
- Business
- Yahoo
Huntington Ingalls tops quarterly results as shipbuilding snags ease
(Reuters) -U.S. military shipbuilder Huntington Ingalls reported second-quarter results above Wall Street estimates on Thursday, as production issues ease at its shipyards and demand booms for submarines. The company's shares rose about 5% in premarket trading. Huntington is a prime contactor for the U.S. Navy's nuclear-powered Columbia-class submarines and makes Virginia-class submarines at its Newport News Shipbuilding facility. Huntington's output has suffered in recent quarters due to persistent problems in retaining skilled shipyard labor, despite China's expanding naval footprint and high global tensions keeping demand for submarines and aircraft carriers high. "We have seen early signs that targeted investments are helping to stabilize the workforce and supply chain, in support of the broader maritime industrial base," CEO Chris Kastner said in a statement. U.S. President Donald Trump's push to revitalize American shipbuilding to deter China is also expected to boost sales for companies like Huntington. It posted a second quarter per-share profit of $3.86, surpassing analysts' average estimate of $3.28, according to data compiled by LSEG. Its sales and services revenue rose 3.5% to $3.08 billion in the quarter, also topping expectations of $2.93 billion. Sign in to access your portfolio
Yahoo
28-07-2025
- Business
- Yahoo
Is General Dynamics (GD) The Best Defense Stock to Buy in 2025?
General Dynamics Corp (NYSE:GD) is one of the . Citi's Jason Gursky named General Dynamics Corp (NYSE:GD) as one of the top stocks to benefit from the increasing defense spending in the US and Europe. The analyst believes the new contracts these companies are winning 'look more margin-accretive going forward.' Photo by Kevin Schmid on Unsplash Gursky mentioned specifically why he likes General Dynamics Corp (NYSE:GD): 'Shipbuilding is another area of focus. There's concern over the capacity gap between the U.S. and China, with China having far greater production capacity. That's why we're constructive on Huntington Ingalls and General Dynamics—they're positioned to benefit from investment in shipbuilding infrastructure.' While we acknowledge the potential of GD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
