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Search Results for: Huntington Ingalls Industries

February 23 Morning Report: GovCon Index Closes with Record 8th Day of Gains

The GovCon Index closed Friday at 70.937,  a gain of 0.757 points (1.056%), for its eighth straight day of increase. Stocks at index company Huntington Ingalls Industries (NYSE: HII) jumped 3.53 percent after the Virginia-based shipbuilder recorded positive revenue for the 2014 fiscal year. The Dow Jones Industrial Average gained 154.67 points to 18, 140.44, the Standard & Poor’s 500 …

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Kellye Walker, Chuck Monroe to Take HII Legal Dept Leadership Roles; Mike Petters Comments

Huntington Ingalls Industries‘ (NYSE: HII) board of directors has appointed Kellye Walker as corporate vice president and general counsel and Charles Monroe Jr. as corporate VP, secretary and associate general counsel. The appointments take effect Jan. 12, 2015 and Monroe will report to both the board of directors and Walker, who in …

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Northrop Wins Navy Destroyer Steering Gear Contract

Northrop Grumman (NYSE:NOC) has won $14.4 million in contracts to provide steering gears to the U.S. Navy for three destroyers, increasing the program’s total to 69 steering systems. Prime contractors General Dynamics Bath Iron Works (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) selected Northrop to supply the gears for …

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General Dynamics Books $1.2 Billion in Sub Funding

General Dynamics (NYSE: GD) Electric Boat secured $1.2 billion in funding from the Navy to cover the construction of the 14th Virginia-class submarine, SSN-787. According to the firm, “the release of the funding allows procurement of long lead-time components that will support the planned official construction start later this year …

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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 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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Northrop Grumman Still Seeking Shipbuilding Solution

Northrop Grumman (NYSE: NOC) released the following financial statement: The firm “will announce its fourth quarter 2010 and year-end financial results on Wednesday, Feb. 9, 2011.  The company’s conference call will be held at 10:30 a.m. ET the same day. “The conference call will be webcast live on Northrop Grumman’s …

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March 10 Market Close: GovCon Index Up, While Markets Respond to Strong Jobs Data

Executive Mosaic’s GovCon Index closed up as major markets rebounded on strong February employment results. The Labor Department’s monthly report showed employers added an above-forecast of 235,000 positions in February, led by construction jobs and employment in the goods-producing industries. Other strong indicators from the February report were a pickup in …

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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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