The Latest Breaking News from Huntington Ingalls

Citi says it's time to buy defense stocks. One name soars to lead the S&P 500. AeroVironment tumbles on earnings, outlook.

Huntington Ingalls is scheduled to release its fiscal fourth-quarter earnings next month, and analysts project a double-digit profit decline.

Huntington Ingalls is expected to release its second-quarter earnings next month, and analysts anticipate a high-single-digit earnings growth.

As year end approaches, we’ve seen a major change in the geopolitical conflict picture as larger scale confrontations draw out, and new confrontations involve larger, and more, players than over the past few decades. This uptick in real and potential nation state conflicts means the weapons of war and defense…

WASHINGTON — The Pentagon’s $170 billion procurement request for the new fiscal year focuses on replacing munitions supplied to Ukraine as well as well as weapons like long-range missiles, which would be necessary in a conflict with China, according to an internal budget document.

Huntington Ingalls Industries Inc (NYSE:HII) reported a fourth-quarter revenue decline of 2.9% year-over-year to $2.68 billion, beating the consensus of $2.66 billion. EPS was $2.99, beating the consensus of $2.97. Pension Adjusted EPS was $2.84. The operating income declined 60.7% Y/Y to $120 million, and the margin contracted by 658 bps to 4.5%.…