Huntington Ingalls Industries Sees Positive Outlook

Huntington Ingalls Industries receives a positive outlook from S&P Global Ratings, with its outlook changing from negative to stable. This improvement is due to better shipbuilding progress, favorable tax rule changes, and increased cash flow. The company has addressed previous challenges, such as worker shortages and supply chain delays, through wage increases, hiring, and strategic investments. The tax rule changes are expected to boost the companys finances by over $150 million this year and next. S&P anticipates Huntington Ingalls to generate nearly $600 million in free operating cash flow in 2025 and 2026, reflecting strong demand for naval shipbuilding amid global security concerns.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.