Aug 1 (Reuters) - Huntington Ingalls on Thursday
reported better-than-expected second-quarter results, as
heightened global tensions drove up demand for aircraft
carriers, amphibious assault ships and submarines.
The Virginia-based company reported a profit of $4.38 per
share for the quarter ended June 30, ahead of analysts'
estimates of $3.62. Demand for submarines and aircraft carriers
is surging, fueled by China's expanding naval footprint and high
global tensions.
Huntington Ingalls, the largest U.S. military shipbuilding
company, saw a 6% rise in revenue to $2.98 billion, compared
with estimates of $2.84 billion, according to LSEG data.
The company reaffirmed its annual outlook but raised its
revenue forecast for the Mission Technologies segment, now
seeing it at up to $2.8 billion, compared with the previous
range of $2.7 billion to $2.75 billion.