Phillips 66 (PSX), Mondelez International Inc (MDLZ) Among The Most Successful Spin Off Companies

No. 5 Huntington Ingalls Industries Inc (NYSE:HII)

Huntington Ingalls Industries Inc (NYSE:HII)

Huntington Ingalls Industries Inc (NYSE:HII), Inc. is the 388th company on the Fortune 500, with revenues worth $6.7 billion, and profits of $146 million. Formerly a part of Northrop Grumman Corporation (NYSE:NOC), the shipbuilding company Huntington Ingalls Industries Inc (NYSE:HII) was spun off in 2011, giving the parent company the possibility to focus more on its core areas such as aerospace, electronics and information systems.