Huntington Ingalls Industries (HII) has recently experienced a flurry of activity. Notably, Investment Management Associates Inc. ADV and Capital Investment Counsel Inc boosted their stake in the company, acquiring sizable amounts of shares. Importantly, HII has expanded its shipbuilding capacity<\b> with the acquisition of W International's Charleston Plant and the partnering with Job Corps to build careers at Ingalls Shipbuilding. Furthermore, HII has gotten scrutiny from law firms such as Bronstein, Gewirtz & Grossman, LLC and Pomerantz Law Firm encouraging shareholders to contact them regarding investigations into the company. The shipbuilding company reported a dip in Q4 2024 revenue due to lower volumes across all segments and the stock given a consensus rating of 'Reduce' by brokerages. However, some still see it as one of the best-positioned defense companies. Finally, HII secured contracts, including a $6.7 billion contract for electronic warfare support and a $197 million deal to research and develop for U.S. Army combat vehicle fleet.
Huntington Ingalls Industries HII News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Sat, 22 Feb 2025 11:57:33 GMT -
Rating 1
- Innovation 0
- Information -1
- Rumor -5
