Recently, Huntington Ingalls Industries Inc. (HII) has witnessed significant developments and challenges in its operations. The appointment of
Kari Wilkinson as the president of Newport News Shipbuilding has been lauded, with HII launching the first San Antonio-class Flight II transport dock, Harrisburg (LPD-30), and delivering REMUS 620 UUVs to NOAA. The company name has also been associated with several
law firm investigations relating to alleged fraud, impacting the perception by investors. A revenue cut in 2024 due to the Navy deal and labor-related matters raised concerns. However, HII has a record revenue in Q2 2024 with a massive $48.5B backlog at the end of the quarter. Unexpected challenges occurred during Q3 2024, as its Earnings Missed Estimates while Revenues Declined Y/Y. The company also successfully completed offering $1 billion in senior notes and landed historic contracts worth billions supporting lionfish SUUV production, modernizing IT Architecture for the Department of Defense, and procuring new warships. However, the stock is underperforming the S&P 500, with shares falling due to cost issues and guidance cut.
Huntington Ingalls Industries HII News Analytics from Sun, 03 Apr 2022 16:12:15 GMT to Wed, 01 Jan 2025 14:17:10 GMT -
Rating 0
- Innovation 2
- Information 7
- Rumor -4
