Michael Mccormick's questions to Huntington Ingalls Industries Inc (HII) leadership • Q3 2024
Question
Michael Mccormick requested an update on workforce attrition during the quarter and asked about the expected margin profile for the upcoming CVN 80 and 81 aircraft carriers.
Answer
CEO Christopher Kastner stated there has been 'no meaningful change in attrition,' which has prompted a strategic shift toward hiring more experienced labor. He declined to provide program-specific margin guidance but reiterated his confidence in achieving the long-term 9-10% shipbuilding margin target after transitioning through the current pre-COVID contracts.