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United States : HUNTINGTON INGALLS INDUSTRIES up revenue by 2.0% in Q1-2014

May 12, 2014

Huntington Ingalls Industries has announced revenues of $1.59 billion for Q1-2014 , an increase of 2.0 percent from the same period last year.

Q1 diluted earnings per share amounted to $1.81, as against diluted earnings per share of $0.87 in the same period a year ago.

The shipbuilder said adjusted diluted earnings per share for the period stood at $1.53, as against $1.17 in the same period of 2013.

New contract awards for the period amounted to nearly $2.2 billion, mainly comprised of contracts for continued construction preparation for CVN-79 John F. Kennedy and building of NSC-7 Kimball.

At the end of Q1 2014, total backlog stood at $18.7 billion, of which $13.0 billion was funded.

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Source: TendersInfo (India)

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