The Latest Breaking News from Huntington Ingalls

Huntington Ingalls has recently underperformed the S&P 500, and Wall Street analysts remain hesitant about the stock’s potential.

Huntington Ingalls is projected to report its third-quarter earnings next week, with analysts anticipating a single-digit rise in earnings.

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.

An investigation by The Washington Post has revealed that a dozen Americans received around US$10 million as consultants on Australia’s botched submarine program.

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%.…