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Search Results for: Ingalls Shipbuilding

Mike Petters Sees HII on ‘Front Edge’ of Kennedy Carrier Contract

TYSONS CORNER, VA March 10, 2015 — Executive Mosaic — ExecutiveBiz reported Friday on Huntington Ingalls Industries receiving $23 million from the U.S. Navy as a follow-on contract to continue building the USS John F. Kennedy (CVN-79) aircraft carrier. HII CEO Mike Petters expects more contract awards toward further ramping up …

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February 9 Market Close: GovCon Index Falls, Greek Debt Talks Drag US Stocks

The GovCon Index started the trading week with a decline of 0.44 points — or 0.6 percent — to close at 73.746 Monday and end a three-day gain streak. On Tuesday, the GovCon Index will replace ATK and Orbital Sciences with Orbital ATK (NYSE: OA), the company formed out of the merger of ATK’s aerospace and defense …

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David Melcher Comments on Completed ITT Spinoffs

  ITT Corp. (NYSE: ITT) has completed its previously announced separation plan, retaining its core industrial offerings and spinning off its defense and information solution business into ITT Exelis and its water technology and services business into Xylem. Open trading of Exelis (NYSE: XLS) and Xylem (NYSE: XYL) shares will begin Tuesday. ITT Corp. …

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Northrop Grumman’s Wes Bush Comments on ‘Very Productive’ Quarter

Northrop Grumman (NYSE: NOC) first quarter 2011 results earnings from continuing operations increase to $496 million, up from $410 million in the first quarter last year. First quarter 2011 sales totaled $6.7 billion compared with $6.9 billion in the prior year period. “This was a very productive quarter, ” CEO …

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Northrop Grumman Finalizes Huntington Spin-off; CEO Wes Bush Remarks

Northrop Grumman (NYSE: NOC) has finalized its planned spin-off of subsidiary Huntington Ingalls Industries, Inc. (NYSE: HII). According to the firm, “Northrop Grumman stockholders of record at the close of business of the New York Stock Exchange (NYSE) on March 30, 2011, received one share of HII common stock for …

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Northrop Grumman Approves Spin-off; CEO Wes Bush Comments

Northrop Grumman’s (NYSE: NOC) board of directors has approved the spin-off of its wholly-owned subsidiary, Huntington Ingalls Industries, to Northrop Grumman stockholders. According to the firm, the move is subject to final SEC clearance. “We have determined that a spin-off of our shipbuilding business will best serve our shareholders, customers …

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