Huntington Ingalls Boosted by U.S. Navy Contract

23 days ago

Host

"I want to take you to shares of ship maker, uh, Huntington Les Industries. Okay. This is ticker HI. Climbing as much as 4%. So, the company said it's going to build this new frigot for the US Navy, right? But this is a contract. It was already announced, but late yesterday it got a boost because President Trump announced this new Trump class of warships. Um, the CEO said that they're ready. They're looking forward to helping the Navy. It's going to be a good program. They have confidence in their ship building division. The cost, they didn't give a dollar amount for the contract. Um, but you know, Trump's been touting about he said their new ships are going to weigh like 30 40,000 tons. They're equipped with nuclear cruise missiles, hypersonic weapons, electric rail guns. Um, he said they're going to be made with steel instead of aluminum. Um, and they're going to create jobs. He says they could do it in two and a half years."

Huntington Ingalls Industries (HI) is highlighted as benefiting from renewed optimism after securing a U.S. Navy contract. The commentary emphasizes that a boost came after President Trump introduced a new Trump class of warships, with the company expressing readiness and confidence in its shipbuilding division. The discussion also notes significant capabilities in advanced weaponry and a projected delivery timeframe of two and a half years, positioning the company favorably amid government-driven defense investment.

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