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The weak top line was a result of lower volume at Ingalls and Newport News Shipbuilding. Other challenges highlighted during the quarter include delays in the timing of a key submarine contract agreement with the Navy, which affected profitability and cash flow
-18.21% closed: 2025-02-08
Huntington Ingalls Industries HII closed out a disappointing 2024 with flat sales of $11.5 billion and operating income dropping 32% to $573 million for the year. Submarine construction costs and productivity troubles depressed results, and the company is negotiating improved contract terms with the Navy in 2025.
President Donald Trump announced the formation of a new office of shipbuilding last night. The goal is to "resurrect the American shipbuilding industry, including commercial shipbuilding and military shipbuilding."
+7.0% closed: 2024-11-08
Reasons are not apparent
+5.72% closed: 2025-03-20
Reasons are not apparent
Stock Swings
Price Drops
-25.19% closed: 2024-11-07-18.21% closed: 2025-02-08
Huntington Ingalls Industries HII closed out a disappointing 2024 with flat sales of $11.5 billion and operating income dropping 32% to $573 million for the year. Submarine construction costs and productivity troubles depressed results, and the company is negotiating improved contract terms with the Navy in 2025.
Price Hikes
+12.32% closed: 2025-03-12President Donald Trump announced the formation of a new office of shipbuilding last night. The goal is to "resurrect the American shipbuilding industry, including commercial shipbuilding and military shipbuilding."
+7.0% closed: 2024-11-08
Reasons are not apparent
+5.72% closed: 2025-03-20
Reasons are not apparent
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