This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Huntington Ingalls Industries' CEO Discusses Q4 2011 Results - Earnings Call Transcript

Free cash flow for the fourth quarter and the full year came in very strong. During the fourth quarter, we generated just under $400 million in free cash flow and we ended the year with $915 million of cash.

Now I’d like to walk through some of the highlights of our individual ship programs, starting with Ingalls. For the DDG 51’s, we began fabrication work on DDG 113 and will soon begin construction of DDG 114, the second ship in the DDG 51 restart. We expect the next block buy of DDG 51’s later this year, a contract that could be for as many as nine ships split between us and General Dynamics. We are aggressively preparing for the next round of awards and are confident that we will be competitive.

On the LPD program, we delivered LPD 22 San Diego in December and our customer, the U.S. Navy, said this ship was the best LPD delivered to date. We expect LPD’s 23 and 24 to go to sea trials later this summer and delivery of the two ships by the end of the year. LPD 25 is progressing well and should launch later this year, although significant risk remains since it is the last ship to be completed at Avondale. We’ve also begun construction of LDP 26 and we are working under a long-lead material contract for LPD 27, and expect to finalize a construction contract for LPD 27 in the near future.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,472.37 +200.36 1.23%
S&P 500 1,951.36 +27.54 1.43%
NASDAQ 4,707.7750 +80.6910 1.74%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs