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...Huntington Ingalls said the delay would give it more time to find ways to stay within what it called a “challenging budget” for the Kennedy....
...Such facilities can have far less confidence than Huntington Ingalls and other US contractors involved in large, long-term new procurement programmes about their future funding....
...“Huntington Ingalls is the only major defence contractor that’s currently talking about margin expansion,” he says....
...Mike Petters, Huntington Ingalls’ chief executive, said sequestration’s near-term impact on his business was “fairly neutral” – but he accepted programmes might later be delayed slightly....
...That had “major application” for General Dynamics and Huntington Ingalls, two of the biggest operators of naval shipyards, Mr McAleese said....
...This follows two other separations of lower-value divisions by Northrop Grumman (it spun off Huntington Ingalls) and L-3 (Engility)....
...In 2011, it spun off its shipbuilding division as Huntington Ingalls Industries and the company said it had also cut back on volumes in its underperforming and non-core units....
...Industries....
...Northrop completed the spin-off of its shipbuilding unit Huntington Ingalls Industries in the quarter, which helped earnings due to the $1.4bn received by Northrop as a result of the move....
...Stockholders will receive one share in the new company, Huntington Ingalls Industries, for every six Northrop shares they own....
...The company has already registered a “spinco” under the name Huntington Ingalls Industries, with the stock ticker, HII, although discussions with the Navy continue and a final move requires board approval...
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