Huntington Ingalls Industries Reports Record Q3 Sales and Sets Long-Term Shipbuilding Revenue Targets
Huntington Ingalls Industries (HII) reported record third-quarter sales of $3.5 billion, with diluted earnings per share reaching $5.48. The company experienced an unprecedented period of growth, securing over $32 billion in new contract awards during the quarter. Looking ahead, HII has established ambitious long-term financial targets. The company aims to achieve shipbuilding revenue between $10.5 billion and $10.7 billion by 2026. Additionally, management forecasts cumulative free cash flow of $1.2 billion to $1.3 billion for the 2026-2027 period.
Tickers: $HII
Topics: contract awards earnings report quarterly sales revenue growth