Home / Financial Report / Huntington Ingalls 3Q 2014 Revenue Up 5%; Mike Petters Comments

Huntington Ingalls 3Q 2014 Revenue Up 5%; Mike Petters Comments

Mike Petters
Mike Petters

Huntington Ingalls Industries (NYSE: HII) has announced financial results for the third quarter of its 2014 fiscal year ended Sept. 30, 2014.

The submarine and ship manufacturer posted a 4.9-percent revenue increase to $1.72 billion from the same period in 2013 and booked $400 million in new contract awards for the third quarter.

Total backlog at the end of the quarter is $22.8 billion and 57.5 percent of that is funded, the Newport News, Virginia-based contractor said.

“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.

Net earnings increased 39 percent for the quarter, the company said.

Check Also

Brad Westley Joins Executive Mosaic as ArchIntel Director of Commercial Sales

TYSONS, Va., July 12th, 2018 – Executive Mosaic is pleased to announce that Bradley Westley …

Makenzie Lystrup Named Ball Aerospace VP, GM for Civil Space Business

Makenzie Lystrup, senior director for civil space advanced systems and business development at Ball Aerospace, …