Huntington Ingalls Industries (HII), a U.S. defense-related company, has been featured in recent reports. They have been christening new amphibious transport docks like the USS Harrisburg and have developed service quality initiatives at HII Newport News Shipbuilding. Louis Navellier has cited HII as one of his top long-term stock picks. Moreover, they're expanding the U.S. Navy’s expeditionary capabilities. More so, HII's intention to acquire a South Carolina metal fabricator's assets and workforce has been announced. There are also investigations from law firms into potential fraudulent activities involving HII. They've cut their 2024 revenue outlook because of a Navy deal and labor shortages, resulting in their stock falling in October. Several analysts argue that HII's stock is undervalued. The company experienced a quarterly revenue decline, although it clinched a deal supporting Lionfish SUUV production and secured a $9.6 billion contract for new U.S. Navy Amphibious Ships. Financial challenges have been faced with contract delays and supply chain issues. Accompanied by missed Q3 earnings estimates, HII also aims to acquire Alion in a $1.65B deal, and has issued $1 billion in Senior Notes.
Huntington Ingalls Industries HII News Analytics from Sun, 03 Apr 2022 16:12:15 GMT to Thu, 23 Jan 2025 15:29:40 GMT -
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