Executive Mosaic, Tysons Corner, VA November 11, 2014 – Huntington Ingalls Industries (NYSE: HII) of Newport News, VA. announced its 3rd Quarter 2014 revenue increased 4.9 percent over the same period a year prior and a 39-percent increase in profit or the quarter.
The revenue increase was driven in part by $400 million in new contract awards for the quarter and the total backlog at the end of the quarter sits at $22.8 billion.
“Our healthy backlog continues to support our businesses as we progress toward our goal of achieving 9-plus percent operating margin in 2015,” said Mike Petters, HII’s president and CEO.
Huntington Ingalls Industries designs, builds and manages ships for the U.S. Navy and Coast Guard, with shipbuilding divisions in Virginia and Mississippi.
Executive Mosaic’s (EM) portfolio of five websites and four E-Newsletters serves to inform executives from across GovCon and the defense sector of the events, people and companies that shape their industry.
This entry was posted in News and tagged Huntington Ingalls, Mike Petters, Executive Mosaic, Gov Con, Bookmark the permalink.