Huntington Ingalls Reports Lower First-Quarter Operating Margin Amid Rising Costs
U.S. military shipbuilder Huntington Ingalls reported a lower first-quarter operating margin due to rising costs driven by inflation and global trade volatility, despite increased sales in its Newport News segment. The company's shares fell nearly 3% premarket as U.S. tariffs on major trading partners added uncertainty.
Tickers: $HII
Topics: defense inflation operating_margin shipbuilding