Huntington Ingalls Industries Secures Multi-Billion Dollar Contract to Support US Africa Command’s Life-Saving Efforts
April 12, 2023
Trending News ☀️
Huntington Ingalls Industries ($NYSE:HII) (HII) has recently secured a multi-billion dollar contract worth $1.3 billion in support of U.S. Africa Command’s life-saving efforts. HII is a publicly traded American military shipbuilding and defense company with headquarters located in Newport News, Virginia. It is the largest industrial employer in the state of Virginia and is the sole designer, builder, and refueler of U.S. Navy aircraft carriers and one of two providers of U.S. Navy submarines. The funds awarded to HII will be used to build and sustain U.S. Africa Command’s life-saving operations which are aimed at providing medical, security, and humanitarian relief services to people in need.
HII will provide engineering, logistics, planning, and other technical services to support these operations. This contract award is a major milestone for HII as well as a major achievement for U.S. Africa Command’s effort in helping those in need.
Stock Price
HII will provide a variety of life-saving products and services, such as medical supplies, food, water, and other essentials for war-torn countries on the continent. In response to the news, the company’s stock opened at $210.9 and closed at $209.2, representing a decrease of 0.2% from the previous closing price of 209.7. The order is one of the largest contracts for HII to date, and marks a significant milestone for the company’s long-term success in this field. The contract is part of AFRICOM’s larger mission to promote stability and prosperity in the region.
HII’s commitment to providing life-saving support will go a long way in helping to achieve this goal. This contract further solidifies their role as a leading provider of humanitarian aid in Africa. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HII. More…
| Total Revenues | Net Income | Net Margin |
| 10.68k | 579 | 5.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HII. More…
| Operations | Investing | Financing |
| 766 | -268 | -658 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HII. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.86k | 7.37k | 87.44 |
Key Ratios Snapshot
Some of the financial key ratios for HII are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.3% | -11.4% | 7.7% |
| FCF Margin | ROE | ROA |
| 4.5% | 15.7% | 4.7% |
Analysis
At GoodWhale, we analyze HUNTINGTON INGALLS INDUSTRIES’s financials to provide insights into the company’s performance. Our Star Chart indicates that HUNTINGTON INGALLS INDUSTRIES is strong in dividends, medium in growth, profitability and weak in asset. Based on our analysis, we classify HUNTINGTON INGALLS INDUSTRIES as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. This type of company may be of interest to value investors looking for a safe investment with a steady return. In addition, HUNTINGTON INGALLS INDUSTRIES has a high health score of 8/10 considering its cashflows and debt, which suggests that it is capable to sustain future operations in times of crisis. More…
Peers
The competition between Huntington Ingalls Industries Inc and its competitors is fierce. Each company is trying to gain market share and increase profits. The competition is good for consumers because it keeps prices down and forces companies to innovate.
– Textron Inc ($NYSE:TXT)
Textron Inc is a publicly traded company with a market cap of 12.89B as of 2022. The company has a return on equity of 9.94%. Textron Inc is a diversified industrial company that operates in a variety of businesses, including aircraft, defense, industrial and commercial products. The company’s products include Bell helicopters, Cessna aircraft, and E-Z-Go golf carts.
– Penguin International Ltd ($SGX:BTM)
Penguin International Ltd is a Singapore-based company that is engaged in the design, manufacture, and marketing of a range of inflatable products, including inflatable boats, marine products, and industrial products. The company has a market capitalization of 160.72 million as of 2022 and a return on equity of 7.36%. Penguin International Ltd is a leading provider of inflatable products and solutions with a strong focus on quality, innovation, and customer service. The company has a wide range of products that are suitable for a variety of applications, including recreation, fishing, diving, rescue, and industrial.
– Airbus SE ($OTCPK:EADSF)
Airbus SE is a leading aircraft manufacturer with a market cap of 78.35B as of 2022. The company has a strong Return on Equity of 34.09%. Airbus SE is known for its innovative aircraft designs and manufacturing capabilities. The company has delivered over 11,000 aircraft to over 500 operators worldwide.
Summary
Huntington Ingalls Industries (HII) has been awarded a $1.3 billion contract by the United States Africa Command (AFRICOM) to support life-saving operations. HII is a leading provider of naval and shipbuilding services, providing the US Navy with some of its most advanced warships. The new contract will focus on providing AFRICOM with logistical and operational support as part of its mission to protect American interests in Africa.
This award further reflects HII’s strong capabilities in government services and military support. It is seen as a positive development for investors in the company, who can expect to benefit from the additional revenue stream.
Related Posts
Recent Posts
