Thursday, August 3, 2017

Pascagoula powers Ingalls quarter

A strong second quarter at Ingalls Shipbuilding in Pascagoula, Miss., helped push Huntington Ingalls Industries' revenue to $1.86 billion. That's up 9.3 percent from the second quarter of 2016. Ingalls' revenues for the second quarter increased $54 million, or 9.2 percent from a year ago, HII reported Aug. 3. HII said Ingalls saw higher revenues in amphibious assault ships and the Legend-class National Security Cutter program. The company said that higher revenues on amphibious assault ships were due to increased volumes on Fort Lauderdale (LPD 28), Bougainville (LHA 8) and Tripoli (LHA 7), partially offset by decreased volume on the delivered USS John P. Murtha (LPD 26). (Sources: Sun Herald, HII, 08/03/17)