Huntington Ingalls Reports Second-Quarter Financial Results
Huntington Ingalls Reports Second-Quarter Financial Results
Huntington Ingalls Industries has released its financial results for the second quarter. The company, which operates as the sole builder of U.S. Navy aircraft carriers and one of two builders of submarines, continues its work across three primary segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Mission Technologies.
Huntington Ingalls is responsible for the design, construction, and maintenance of non-nuclear surface ships, as well as nuclear-powered submarines and aircraft carriers. Additionally, its Mission Technologies segment provides unmanned systems, defense, and federal solutions. The release of the earnings data provides investors with an updated look at the industrial base supporting naval fleet maintenance and construction.
Following the report, shares of Huntington Ingalls saw movement in the market. The stock price was recorded at $326.45, representing an increase of 2.42% compared to the previous close of $318.72. The company holds a market capitalization of approximately $12.86 billion, firmly placing it within the Industrials sector and the Aerospace & Defense industry.
What to watch
- Future contract awards regarding nuclear submarine construction and aircraft carrier maintenance.
- Revenue contributions from the Mission Technologies segment versus traditional shipbuilding.
- Updates on the company’s full-year guidance and operational backlog.
Source: original release