Huntington Ingalls Profit Up 9.8%

According to a report from The Virginian-Pilot, about six weeks after it was spun off by Northrop Grumman Corp., shipbuilder Huntington Ingalls Industries Inc. announced on May 9 that its profit for the first quarter of 2011 rose 9.8%. The Newport News-based company earned $45m, or 92 cents a share, for the quarter ended March 31, up from $41m, or 85 cents a share, in the first three months of 2010.

 

(Source: The Virginian-Pilot)