Strong Contract Awards
HII reported $11.9 billion in contract awards, including significant deals like DDG 145 and 146, LPD 33, and 2 Block V submarines.
Sales and Revenue Growth
Second quarter sales reached $3.1 billion, marking a 3.5% increase compared to the same period last year, driven by growth across all divisions.
Positive Cash Flow
Free cash flow for the quarter was $730 million, exceeding previous guidance expectations by $480 million.
Mission Technologies Performance
Strong sales of $791 million in Mission Technologies, supported by new contracts such as a live training solutions deal with the U.S. Army.
Strategic Partnership and Innovations
Announced a technology partnership with C3 AI to leverage digital technologies and AI for shipbuilding throughput optimization.
Operational Initiatives Progress
Significant steps in operational initiatives, including a $250 million annualized cost reduction effort expected by year's end.