Huntington Ingalls Industries (HII), a leading defense company specializing in shipbuilding, has welcomed leaders from
HD Hyundai Heavy Industries to its Ingalls Shipbuilding site and signed a memorandum of understanding (MOU) for further collaboration. Despite stake reductions by firms like First Trust Advisors LP and Townsquare Capital, Wall Street analysts still see potential for growth, fueled in part by geopolitical strife.
Recent advancements for the company include the delivery of the first
Lionfish SUUVs to the U.S. Navy and ongoing
expansion of shipbuilding operations in locations like Goose Creek. The company has also launched DDG 129 under the Ingalls Shipbuilding division and recently won a contract for US Air National Guard training.
Still, financial performance seems to be a concern, with an expected decline in the Q1 earnings report, and their 2024 financial outlook being slashed due to contract delays and supply chain issues. Furthermore, the company is also currently under investigation by Kaskela Law LLC. Nonetheless, they continue to make strategic moves with the aim of bolstering their market position, including the acquisition of assets of W International.
Huntington Ingalls Industries HII News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Sat, 26 Apr 2025 21:07:12 GMT -
Rating -2
- Innovation 4
- Information 6
- Rumor -4
