Huntington Ingalls Indus 주식 (NYSE: HII)

에 대한 최신 뉴스 Huntington Ingalls Indus (NYSE:HII) 주식

Huntington Ingalls Indus

Huntington Ingalls Industries is the largest independent military shipbuilder in the US, spun off of Northrop Grumman in 2011. It operates three segments, two of which are storied shipyards: Ingalls produces non-nuclear-powered ships including amphibious landing ships and Arleigh Burke-class destroyers while Newport News produces nuclear-powered ships as the only producer of Gerald Ford-class aircraft carriers and a major subcontractor on Virginia and Columbia-class nuclear submarines. Huntington Ingalls shares production of destroyers and nuclear submarines with General Dynamics' Bath Iron Works and Electric Boat shipyards, respectively. The company's Mission Technologies segment produces uncrewed sea vessels and provides a range of IT and other services to US government agencies.

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Huntington Ingalls Industries, Inc. Common Stock

Huntington Ingalls Industries Inc

HIDILI INDS I/D UNSP/ADR by Hidili Industry International Development Ltd.

Hidili Industry International Development Ltd

HII (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) announced today that its Mission Technologies division was awarded a $458 million contract to modernize communications and information technology (IT) networks for the U.S. government that will enable rapid decision-making in the battlespace. &nbsp;
Under the task order, HII will develop, assess and implement innovative technical solutions that will improve system hardening to potential cyber threats, introduce new capabilities and enable cloud migration. The enhancements will provide end users, including U.S. Department of Defense service components and the U.S. Special Operations Command, with IT services and solutions to support the warfighters.

News

Contracts

HII Is Awarded A $458M Contract To Modernize IT Architecture For U.S. Department Of Defense

HII (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) announced today that its Ingalls Shipbuilding division was awarded a $9.6 billion multi-ship procurement contract for the construction of three San Antonio-class (LPD 17) amphibious ships and a contract modification for the next America-class (LHA 6) large-deck amphibious ship. This combined procurement — the first of its kind for amphibious ships — begins the journey for the construction of LPDs 33, 34, 35 and LHA 10 for the U.S. Navy. &nbsp;
"We greatly appreciate the stability that this award provides to all Ingalls shipbuilders and our surrounding communities," Ingalls President Kari Wilkinson said. "It is an honor to continue our support of the joint Navy and Marine Corps mission to meet the minimum 31-amphibious-ship requirement."
Approximately half of all Ingalls shipbuilders build amphibious ships today, with another 650 supplier partners in 39 states across the country that provide components for the construction of amphibious ships.

Government

Regulations

Reported Earlier, HII Secures $9.6B Contract to Build Amphibious Ships for US Navy

U.S. stocks settled higher on Friday, with the S&amp;P 500 and the Nasdaq Composite recording their best week of the year. Both indices also notched gains for the fifth straight day. &nbsp;On a weekly basis, the S&amp;P 500 gained 4%, while the Nasdaq added 5.9%. The Dow has climbed 2.6% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Zachary Fadem
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained an Overweight rating on RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) and raised the price target from $325 to $350 on Sept. 13. This analyst sees around 9% increase in the stock.</li>
<li>Recent News: On Sept. 12, RH reported quarterly earnings of $1.69 per share, which beat the analyst consensus estimate of $1.56 per share.</li>
</ul>
Analyst: William Power
<ul>
<li>Analyst Firm: Baird</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Maintained an Outperform rating on Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) and boosted the price target from $360 to $400 on Sept. 10. This analyst sees around 5% upside in the stock.</li>
<li>Recent News: On Aug. 6, Axon Enterprise reported better-than-expected second-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
</ul>
Analyst: Seth Seifman
<ul>
<li>Analyst Firm: JP Morgan</li>
<li>Ratings Accuracy: 84%</li>
<li>Latest Rating: Downgraded rating on Huntington Ingalls Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) from Overweight to Neutral but raised the price target from $280 to $285 on Sept. 9. This analyst sees around 9% upside in the stock.</li>
<li>Recent News: On Aug. 1, Huntington Ingalls posted upbeat quarterly earnings.</li>
</ul>
Analyst: Chris Kotowksi
<ul>
<li>Analyst Firm: Oppenheimer</li>
<li>Ratings Accuracy: 83%</li>
<li>Latest Rating: Maintained an Outperform rating on Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) and boosted the price target from $64 to $66 on Sept. 13. This analyst sees around 13% surge in the stock.</li>
<li>Recent News: Jefferies is expected to release its third quarter financial results on Sept. 25.</li>
</ul>
Analyst: Josh Sullivan
<ul>
<li>Analyst Firm: Benchmark</li>
<li>Ratings Accuracy: 83%</li>
<li>Latest Rating: Reiterated a Buy rating on Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) with a price target of $25 on Sept. 13. This analyst sees around 11% upside in the stock.</li>
<li>Recent News: On Aug. 7, Kratos Defense &amp; Security posted better-than-expected quarterly earnings.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></li>
</ul>

AXON

KTOS

This Analyst With 86% Accuracy Rate Sees Around 9% Upside In RH - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

JP Morgan analyst Seth Seifman downgrades Huntington Ingalls Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) from Overweight to Neutral and raises the price target from $280 to $285.

Downgrades

Price Target

Analyst Ratings

JP Morgan Downgrades Huntington Ingalls Indus to Neutral, Raises Price Target to $285

HII's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) Mission Technologies division announced today that Amy Boyette, a former Department of Energy (DOE) official with more than 30 years of experience in environmental management and National Nuclear Security Administration (NNSA) operations, has joined the company's Nuclear and Environmental Services (NES) business group as vice president of strategy and integration.
In her new role, Boyette will serve on the NES leadership team and focus on evaluating potential growth opportunities and providing strategic direction in a highly competitive domestic and international market space. She will also be responsible for building successful stakeholder relations in the communities in which the NES team and its joint venture partners operate.

Management

Former DOE Official, Amy Boyette Joins HII's Nuclear Team As Vice President Of Strategy And Integration

Huntington Ingalls Indus's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) short percent of float has risen 32.08% since its last report. The company recently reported that it has 714 thousand shares sold short, which is 2.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.33 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Huntington Ingalls Indus Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724425226_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Huntington Ingalls Indus has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Huntington Ingalls Indus's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Huntington Ingalls Indus's peer group average for short interest as a percentage of float is 2.94%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Huntington Ingalls Indus's Recent Short Interest

HII (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) announced today that its Mission Technologies division was awarded a task order to support the U.S. Air Force's efforts to recapitalize and sustain its fleet of presidential and executive aircraft. The contract is valued at over $30 million. &nbsp;
An HII team in Dayton, Ohio, will perform a broad set of tasks to enhance the reliability and supportability of aircraft and aircraft systems under the contract, which will be administered by the U.S Air Force Life Cycle Management Center's Presidential and Executive Airpower Directorate. The directorate is responsible for planning and executing all life-cycle activities related to the recapitalization of Air Force One and E-4B aircraft, and sustainment of the current Air Force One, E-4B, C-12, C-32, C-37, and C-40 aircraft.

HII Awarded $30M Task Order To Support U.S. Air Force Sustainment Of Special-Purpose Aircraft For VIP Transportation

West Texas Intermediate (WTI) crude oil futures, closely followed by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), surged 3.6% to close at $79.60 per barrel on Monday amid rising tensions <a href="https://www.benzinga.com/topic/middle-east">in the Middle East. </a>
This marked the fifth consecutive day of gains and the second-strongest one-day surge year-to-date as the prospect of a war between Israel and Iran has stoked fears of significant disruptions to global oil supplies.
The tensions have been exacerbated by reports that Iran, along with its Lebanese proxy Hezbollah, is considering retaliatory action against Israel following the death of Ismail Haniyeh, a top Hamas leader, in Tehran on July 31.
<h3 class="wp-block-heading">US Military Moves To Reinforce Middle East Presence</h3>
In response to the rising risk of a broader regional conflict, the Pentagon has significantly ramped up its military presence in the region. On Monday, <a href="https://edition.cnn.com/2024/08/11/politics/defense-secretary-strike-group-iran/index.html">CNN</a> reported that U.S. Defense Secretary Lloyd Austin ordered the deployment of a carrier strike group equipped with F-35 jets and additional forces to deter potential Iranian aggression toward Israel.
On Sunday, the Pentagon disclosed that it had ordered the nuclear-powered submarine USS Georgia, armed with cruise missiles, into Middle Eastern waters. 
The USS Georgia had recently been operating in the Mediterranean Sea, completing training exercises near Italy. The movement of U.S. missile submarines is typically shrouded in secrecy.
<h3 class="wp-block-heading">Escalating Violence In Gaza</h3>
The situation in Gaza remains dire. On Saturday, Israeli airstrikes targeted a school building in Gaza City, killing hundreds of people, according to Palestinian health authorities.
The Israeli Defense Forces (IDF) on its official account on X said the building housed 31 terrorist from Hamas and Islamic Jihad.
LTG Herzi Halevi, IDF chief of the general staff, stressed the importance of maintaining a high level of preparedness for both offensive and defensive operations. 
<h3 class="wp-block-heading">US Defense Stocks Moving On Monday</h3>
Despite the escalating tensions, U.S. defense stocks, tracked by the iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>), closed relatively flat on Monday, but are trading around 3% below record highs.
Among the top performers were:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Curtiss-Wright Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>)</td>
<td>2.55%</td>
</tr>
<tr>
<td>Huntington Ingalls Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>)</td>
<td>1.67%</td>
</tr>
<tr>
<td>Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>)</td>
<td>1.53%</td>
</tr>
<tr>
<td>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>)</td>
<td>1.14%</td>
</tr>
<tr>
<td>Lockheed Martin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)</td>
<td>0.95%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40319443/us-stocks-trim-gains-as-iran-mulls-attack-on-israel-gold-oil-rally-whats-driving-markets-monday">US Stocks Trim Gains As Iran Mulls Attack On Israel; Gold, Oil Rally: What&#8217;s Driving Markets Monday?</a></li>
</ul>
Photo via Shutterstock.

Oil Prices Soar To $80 On Middle East Tensions, US Moves Military Assets To Region: 5 Defense Stocks On The Move

HII's Mission Technologies Division Secures $209M Contract To Support Development And Sustainment Of U.S. Air Force Fighter And Bomber Weapons Systems

WIIM

Huntington Ingalls Industries shares are trading lower. The company reported Q2 financial results.

Huntington Ingalls Reaffirms FY24 Outlook, Sees Shipbuilding Revenue $8.8B-$9.1B

Huntington Ingalls Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) reported quarterly earnings of $4.38 per share which beat the analyst consensus estimate of $3.57 by 22.69 percent. The company reported quarterly sales of $2.977 billion which beat the analyst consensus estimate of $2.845 billion by 4.65 percent. This is a 6.82 percent increase over sales of $2.787 billion the same period last year.

Earnings

Earnings Beats

Huntington Ingalls Indus Q2 2024 GAAP EPS $4.38 Beats $3.57 Estimate, Sales $2.977B Beat $2.845B Estimate

HII's Mission Technologies division was awarded a $65 million task order to perform high-quality, specialized research and analysis for the Joint Staff J7, Deputy Director, Joint Warfighting Development. &nbsp;
HII will support research and analysis in three areas. The first will focus on futures and concepts, to include developing a comprehensive view of the future operating environment. The second will focus on joint experimentation, to include informing and facilitating joint war gaming and integrated learning opportunities. The third will focus on wargaming for the Joint Staff J4 Logistics enterprise.

HII Awarded $65M Contract For The Joint Staff J7, Deputy Director, Joint Warfighting Development.

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Shares of companies within the broader industrial sector are trading higher following Core Retail Sales and Retail Sales economic data. Also, strength may be due to trader optimism that the Fed will cut rates.

General Dynamics Corp.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gd#NYSE">GD</a>) business unit, Bath Iron Works, recently clinched a contract to provide planning yard services for its DDG 51 guided-missile destroyer ships. The award has been offered by the Naval Sea Systems Command, Washington, D.C.
<h3>Details of the Deal</h3>
Valued at $202.7 million, the contract is expected to be completed by Jul 31, 2029. Work related to this deal will be carried out in Bath, ME.
The options included in this contract, on being exercised, should bring the cumulative value of this contract to $1.13 billion.
<h3>What&#39;s Favoring General Dynamics?</h3>
Nations across the globe are fortifying their defense spending on military weapons and arsenals as they look to strengthen their defense capabilities. This also includes augmented spending on navy ships for enhanced sea warfare capabilities.
Such increased spending tends to benefit General Dynamics, with its Bath Iron Works business unit being an expert in manufacturing navy ships and providing modernization and lifecycle support for the U.S. Navy.
Notably, General Dynamics&#39; DDG-51 Arleigh Burke-class guided-missile destroyers witness significant demand owing to their wide range of advanced warfighting capabilities in multi-threat air, surface and subsurface environments. These also offer protection against a wide range of threats, including ballistic missiles. Their strong demand is evident from the fact that in 2023, the company won a contract from the Navy for the construction of three Flight III DDG-51 destroyers, with a total of 12 ships in backlog (scheduled for delivery through 2032).
Such strong demand, in tandem with excellence in providing unique capabilities in shipbuilding, must have been boosting GD&#39;s order flows, like the latest one.
<h3>Growth Prospects</h3>
As demand for an efficient security system that can strengthen naval sea warfare capabilities rises, so does the prospect of the naval ship market. This must have encouraged the Mordor Intelligence firm to project that the global naval combat vessels market will witness a CAGR of 6.5% during the 2024-2029 period.
This growth opportunity should boost General Dynamics&#39; operating results as it is one of the prime contractors of navy ships. Notably, GD&#39;s Marine Systems segment is the leading designer and builder of surface combatant and auxiliary ships for the U.S. Navy. The segment also provides comprehensive post-delivery services to modernize and extend the service life of Navy ships. It also maintains the most sophisticated marine engineering expertise in the world to support future capabilities.
Such expertise of GD in manufacturing, as well as providing valuable services for naval combat ships, should usher in more order flows for the company, backed by the growing demand in the naval combat vessels market, like the latest one. Such contract wins should boost GD&#39;s revenue generation prospects in the coming years.
<h3>Peer Opportunities</h3>
GD apart, other defense majors poised to benefit from the expanding naval combat vessels market, on virtue of their strong presence in this space, are discussed below:
BAE Systems (OTC: <a class="ticker" href="https://www.benzinga.com/stock/baesy#OTC">BAESY</a>): It designs, builds, commissions, repairs and supports a full range of complex naval ships, from offshore patrol vessels to aircraft carriers. Its Queen Elizabeth Class Aircraft Carriers are the largest warships ever constructed in the United Kingdom.
BAESY boasts a long-term earnings growth rate of 12.2%. The Zacks Consensus Estimate for BAE Systems&#39; 2024 sales indicates growth of 34.1% from the 2023 level.
Lockheed Martin (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>): The company manufactures Littoral Combat Ships (LCS). Its freedom-variant LCS, USS Nantucket (LCS 27), is a resilient, flexible warship designed to encounter the evolving missions of the U.S. Navy.
Lockheed&#39;s long-term earnings growth rate is 4.1%. The Zacks Consensus Estimate for LMT&#39;s 2024 sales implies an improvement of 3.2% from the 2023 figure.
Huntington Ingalls Industries (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hii#NYSE">HII</a>): Its business segment designs and constructs non-nuclear ships for the U.S. Navy and the U.S. Coast Guard, including amphibious assault ships, expeditionary warfare ships, surface combatants and national security cutters.
Huntington&#39;s long-term earnings growth rate is 7.2%. The Zacks Consensus Estimate for HII&#39;s 2024 sales indicates an increase of 2% from the year-earlier level.
<h3>Price Performance</h3>
Shares of General Dynamics have risen 42.9% in the past year against the industry&#39;s 10.4% decline.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/e7/69290.jpg?v=1401938443" /> 
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
General Dynamics currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2291563/general-dynamics-gd-wins-203m-contract-for-ddg-51-combat-ships?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2291563">To read this article on Zacks.com click here.</a>

BAESY

General Dynamics Wins $203M Contract for DDG 51 Combat Ships

Citigroup analyst Jason Gursky initiates coverage on Huntington Ingalls Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) with a Buy rating and announces Price Target of $310.

Initiation

Citigroup Initiates Coverage On Huntington Ingalls Indus with Buy Rating, Announces Price Target of $310

The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
Advent Technologies Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>)
<ul>
<li>On May 1, Advent Technologies approved a 1-for-30 reverse stock split. The company's stock fell around 46% over the past month and has a <a href="https://www.benzinga.com/quote/ADN">52-week low of $0.1020</a>.</li>
<li>RSI Value: 24.62</li>
<li>ADN Price Action: Shares of Advent Technologies rose 0.2% to close at $0.1035 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Cadre Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDRE#NYSE">CDRE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On May 7, the company posted net sales of $137.9 million for the first quarter. &#8220;Building on a year of record net sales and Adjusted EBITDA, we continued to successfully increase net sales and gross margin sequentially and year over year,&#8221; said Warren Kanders, CEO and Chairman. The company's stock fell around 4% over the past month. It <a href="https://www.benzinga.com/quote/CDRE">has a 52-week low</a> of $19.13.</li>
<li>RSI Value: 20.34</li>
<li>CDRE Price Action: Shares of Cadre Holdings fell 0.7% to close at $34.35 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Huntington Ingalls Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>)</h3>
<ul>
<li>On May 2, Huntington Ingalls reported first-quarter FY24 results. Sales and service revenue increased 4.9% Y/Y to $2.81 billion, beating the consensus of $2.79 billion. "Strong growth in Mission Technologies and stable shipbuilding progress provide a solid foundation for the balance of 2024 and beyond." said Chris Kastner, president and CEO. The company's shares fell around 11% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/HII">low of $194.17</a>.</li>
<li>RSI Value: 23.72</li>
<li>HII Price Action: Shares of Huntington Ingalls rose 0.8% to close at $248.57 on Tuesday.</li>
</ul>
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Pre-Market Outlook

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HII, the leading manufacturer of underwater unmanned vehicles (UUVs), announced the recent sale of three REMUS 100s and five REMUS 300s to the Royal Navy. &nbsp;
This transaction marks a significant milestone in the longstanding partnership between HII and the United Kingdom military to support the Royal Navy's capabilities in underwater exploration, countermine and surveillance programs.
Over the past 20 years, the U.K.'s Ministry of Defence has acquired a mix of REMUS 100s, Remus 300s and REMUS 600s for mine countermeasure operations.
The Ministry of Defence's first two REMUS 100s, acquired in 2001, are still in operation today, demonstrating the resilience and modernization capabilities of the HII-built UUVs.
The REMUS 100s and 300s, known for their versatility and reliability, are set to enhance the Royal Navy's operational efficiency for a variety of maritime missions. These UUVs are equipped with advanced sensors and systems, enabling them to perform a wide range of tasks, from reconnaissance to mine countermeasures.
Duane Fotheringham, president of Mission Technologies' Unmanned Systems business group, stated, "We are honored to support the Royal Navy in their mission to maintain maritime security. The trust placed in our REMUS vehicles by the United Kingdom and other allies is a testament to the quality and reliability of our technology. We look forward to further strengthening our partnerships and contributing to global maritime safety." &nbsp;
A photo accompanying this release is available at: <a href="https://www.globenewswire.com/Tracker?data=v9tNLsr8DXpGEY342OOqChFReAeRyTYAeCsPm6iN4Fu__eYFAR8kVbX6hlOoRdDlrMGG7p4acahHbqU0OCx33DgcirdLAXUC7Q9R-_c-qv2e-Gr_AYAwOnEzHURqGhP4Jo0LIywA6IWcNVS8fTgeYVS5C30wSXE2Tj5_-gPHhOj6yydvgNIpFIOX_GstmdLPiPFAE5qjsB2HazEPg3Nxj4RnkMw1EpqopWZIMrcfMfs=">https://hii.com/news/hii-royal-navy-REMUS-unmanned-vehicle-acquisition/</a>.
The sale of REMUS 100s and 300s to the Royal Navy follows a history of successful collaborations between HII, the U.S. Navy, and U.S. allies around the world, with REMUS UUVs being widely used by NATO members.
HII has sold more than 600 UUVs to 30 countries worldwide, including 14 NATO member countries like the U.K.
Recent HII REMUS milestones:
<ul>
<li>March 2024: HII announced the sale of a REMUS 620 UUV to an international customer in the Indo-Pacific Region.</li>
<li>December 2023: The U.S. Navy announced the first end-to-end submarine torpedo tube launch and recovery of a REMUS UUV using the Yellow Moray system. This capability to deploy a drone through a torpedo tube creates new opportunities for surveillance, reconnaissance and other missions.</li>
<li>October 2023: HII announced the award of a contract to build nine small UUVs for the U.S. Navy's Lionfish System program. The contract has since grown to 42 vehicles and has the potential to grow to as many as 200 over the next five years with a total value of more than $347 million.</li>
<li>September 2022: HII delivers three REMUS 100 UUVs to the United Kingdom's Royal Navy. The new systems provide enhanced endurance and the latest generation of sensors and payloads, allowing for increased data quality and mission efficiency.</li>
<li>August 2022: The Royal New Zealand Navy received delivery of four REMUS 300 UUVs for use in mine countermeasure and survey operations.</li>
</ul>

HII Announces The Recent Sale Of Three REMUS 100s And Five REMUS 300s To The Royal Navy; No Financial Terms Disclosed

Huntington Ingalls Industries Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>) shares are trading lower after it reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g38578135/hii-reports-first-quarter-2024-results" rel="noreferrer noopener">first-quarter FY24&nbsp;results</a>.
Sales and service revenue increased 4.9% Y/Y to $2.81 billion, beating the&nbsp;consensus of $2.79 billion.
Revenues by segments:&nbsp;Ingalls Shipbuilding $655 million (+13.5% Y/Y), Newport News Shipbuilding $1.43 billion (-4.8% Y/Y) and Mission Technologies $750 million (+20.2% Y/Y).
EPS of $3.87, up 19.8% Y/Y, beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $3.49</a>.&nbsp;
Operating income increased 9.2% Y/Y to $154 million, and the margin expanded by 22 bps Y/Y to 5.5%.
Segment operating income was $170 million (+9.0% Y/Y), and the margin was 6.1%, up 23 bps Y/Y.
Huntington&nbsp;Ingalls's&nbsp;operating cash flow for the quarter totaled $202 million&nbsp;and a negative free cash flow&nbsp;of $274 million.
New contract awards for 2023 were $3.1 billion, with a total backlog of around $48.4 billion as of March 31, 2024.
&#8220;Strong growth in Mission Technologies and stable shipbuilding progress provide a solid foundation for the balance of 2024 and&nbsp;beyond.&#8221;&nbsp;said Chris Kastner, president and CEO.&nbsp;
FY24 Outlook Reiterated:&nbsp;Huntington Ingalls Industries sees Shipbuilding revenue of $8.8 billion-$9.1&nbsp;billion&nbsp;and the corresponding&nbsp;<a href="https://www.benzinga.com/news/earnings/24/02/36895126/huntington-ingalls-cruises-past-forecasts-q4-sales-and-earnings-spike-2024-outlook-fuel-optimism" target="_blank" rel="noreferrer noopener">operating margin of 7.6%-7.8%</a>.
Huntington&nbsp;Ingalls sees Mission&nbsp;Technologies&#8217;&nbsp;revenue of $2.70 billion – $2.75 billion, with an operating margin of 3.0%-3.5% and Mission&nbsp;Technologies&nbsp;EBITDA margin of 8.0%-8.5%.
Huntington Ingalls Industries expects FY24 free cash flow of $600 million-$700 million.
The company continues to expect&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">FY24-FY28 free cash flow of $3.6 billion.</a>
Investors can gain exposure to the stock via&nbsp;Global X Funds Global X Defense Tech ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</a>) and&nbsp;First Trust Exchange-Traded Fund First Trust Indxx Aerospace &amp; Defense ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>).
HII Price Action: Huntington Ingalls shares are down 11.03% at $246.35 at the last check Thursday. 
Read Next:<a href="https://www.benzinga.com/economics/macro-economic-events/24/05/38584705/federal-reserve-takes-cautious-stand-on-inflation-powell-signals-preference-for-r"> Federal Reserve Takes Cautious Stand On Inflation, Powell Signals Preference For Rate Cuts Over Hikes</a>
Photo: Courtesy Huntington Ingalls

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GDRZF

RMLFF

Press Releases

Amy Boyette, Former DOE Official, Joins HII's Nuclear Team as Vice President of Strategy and Integration

General

HII Delivers Advanced REMUS 620 UUVs to NOAA Less than 24 Months after Unveiling

HII Names Steve Powell as Corporate Vice President and Treasurer

HII is Awarded Amphibious Multi-Ship Procurement Contracts

HII is Awarded a $458 Million Contract to Modernize IT Architecture for U.S. Department of Defense

HII's Mission Technologies Division Unveils Advanced Materials and Coatings Lab in Illinois to Propel Future Space Exploration

HII to Host Third Quarter Earnings Conference Call and Webcast on Oct. 31

HII to Continue Supporting the Evolution of Autonomy and Navigation Technology for U.S. Defense

HII Hosts Chairman of the Joint Chiefs of Staff at Newport News Shipbuilding

HII Strengthens Partnership with Old Dominion University with Opening of Newport News Shipbuilding Onsite Office

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United States Oil Fund(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>)가 추적하는 서부 텍사스 중질유(WTI) 원유 선물은 <a href="https://www.benzinga.com/topic/middle-east" target="_blank" rel="noopener" data-google-interstitial="false">중동의</a> 긴장이 고조되는 가운데 월요일 3.6% 급등하여 배럴당 79.60달러로 마감했다.
이는 이스라엘과 이란 간의 전쟁 전망이 글로벌 석유 공급에 심각한 차질을 가져올 것이라는 우려를 불러일으키면서 5일 연속 상승세를 기록했으며 올해 들어 두 번째로 강한 일일 상승폭을 기록했다.
7월 31일 하마스 최고 지도자인 이스마일 하니예가 테헤란에서 사망한 후 이란이 레바논 대리인 헤즈볼라와 함께 이스라엘에 대한 보복 조치를 고려하고 있다는 보도로 긴장이 더욱 악화되었다.
<h3 class="wp-block-heading">미군, 중동 주둔 강화 움직임</h3>
광범위한 지역 갈등의 위험이 증가함에 따라 미 국방부는 이 지역에서 군사력을 대폭 강화했다. 월요일 <a href="https://edition.cnn.com/2024/08/11/politics/defense-secretary-strike-group-iran/index.html" target="_blank" rel="noopener">CNN</a>은 로이드 오스틴 미 국방장관이 이스라엘에 대한 이란의 잠재적 공격을 저지하기 위해 F-35 전투기와 추가 전력을 갖춘 항공모함 타격단 배치를 명령했다고 보도했다.
지난 일요일 미 국방부는 순항 미사일로 무장한 핵추진 잠수함 USS 조지아호를 중동 해역에 투입하라고 명령했다고 밝혔다.
USS 조지아호는 최근 지중해에서 작전을 펼치며 이탈리아 근처에서 훈련을 마쳤다. 미국 미사일 잠수함의 움직임은 일반적으로 비밀에 싸여 있다.
<h3 class="wp-block-heading">가자 지구의 급격한 폭력 증가</h3>
가자지구의 상황은 여전히 ​​심각하다. 팔레스타인 보건 당국에 따르면 지난 토요일 이스라엘이 가자 시티의 학교 건물을 공습해 수백 명이 사망했다고 한다.
이스라엘 방위군(IDF)은 X의 공식 계정에서 이 건물에 하마스와 이슬람 지하드 소속 테러리스트 31명이 수용되어 있다고 밝혔다.
IDF 참모총장 헤르지 할레비(Herzi Halevi)는 공격 및 방어 작전 모두에 대해 높은 수준의 준비 상태를 유지하는 것이 중요하다고 강조했다.
<h3 class="wp-block-heading">월요일 미 방산주의 움직임</h3>
고조되는 긴장에도 불구하고 iShares U.S. Aerospace &amp; Defense ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>)가 추적하는 미국 방산주는 월요일 상대적으로 보합세로 마감했지만 사상 최고치보다 약 3% 낮은 수준으로 거래되었다.
좋은 성과를 보인 기업들은 다음과 같다:
<figure class="wp-block-table is-style-stripes">
<table>
<tbody>
<tr>
<td>기업명</td>
<td>1일 %변동</td>
</tr>
<tr>
<td>커티스-라이트 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CW#NYSE">CW</a>)</td>
<td>2.55%</td>
</tr>
<tr>
<td>헌팅턴 잉걸스 인더스트리즈 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HII#NYSE">HII</a>)</td>
<td>1.67%</td>
</tr>
<tr>
<td>노스롭 그루먼 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>)</td>
<td>1.53%</td>
</tr>
<tr>
<td>에어로바이런먼트 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>)</td>
<td>1.14%</td>
</tr>
<tr>
<td>록히드 마틴 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)</td>
<td>0.95%</td>
</tr>
</tbody>
</table>
</figure>
다음 읽기:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40319443/us-stocks-trim-gains-as-iran-mulls-attack-on-israel-gold-oil-rally-whats-driving-markets-monday">이란이 이스라엘에 대한 공격을 고려함에 따라 미국 주식은 상승폭 축소. 금, 석유 랠리: 월요일 시장을 이끄는 요인은?</a></li>
</ul>
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