HII reports modest inflation impact, stability in submarine programs

By Audrey Decker / November 3, 2022 at 1:21 PM
Shipbuilder and defense technology company HII reported moderate effects from inflation and touted strong visibility across its shipbuilding portfolio, especially for its submarine programs, during the company’s third quarter earnings call today. The Virginia-class submarine program’s schedule is “very stable” and HII expects to deliver New Jersey (SSN-796) next year, according to Chris Kastner, the company’s president and chief executive officer. “I will say the best indicator within the submarine program is: are you making your milestones [and] are your...

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