09 May 2020
Huntington Ingalls' revenue rises 8.8% in first quarter
Revenue at Huntington Ingalls Industries (HII) jumped 8.8% to USD2.3 billion in the first quarter of 2020, as all three of the US shipbuilder’s divisions saw growth, the company announced on 7 May.
HII’s operating income totalled USD215 million, up 33.5% from the same period last year.
At Newport News Shipbuilding, revenue rose 4.8% to USD1.3 billion driven by increased submarine construction.
At Ingalls Shipbuilding, revenue gained 7.7% to USD629 million fuelled by the San Antonio-class LPD amphibious transport dock programme and the Arleigh Burke-class DDG destroyer programme.
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Revenue at Huntington Ingalls Industries (HII) jumped 8.8% to USD2.3 billion in the first quarter of...
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