Huntington Ingalls Industries ($NYSE:HII), a leading defense company dedicated to providing innovative technology and services for the U.S. Navy and its other customers, has been awarded a contract from the U.S. Navy estimated to be worth up to $185M. The company, which is headquartered in Newport News, Virginia, is the sole designer, builder, and refueler of U.S. nuclear-powered aircraft carriers and one of two providers of U.S. Navy aircraft carriers. It also provides a wide range of products and services to the U.S. government and its defense-related partners.
Huntington Ingalls Industries stock is traded on the New York Stock Exchange under the symbol HII. The contract awarded by the U.S. Navy will support Ingalls Shipbuilding, a division of Huntington Ingalls Industries, with the design, fabrication, test and trials of the U.S. Navy’s Arleigh Burke-class guided missile destroyers and an undisclosed international customer’s surface combatant shipbuilding program.
On Monday, Huntington Ingalls Industries (HII) stock opened at $237.7 and closed at $239.6, up by 1.2% from its previous closing price of 236.8. The contract includes complex overhaul work and the repair of any corrosion, damage or defects caused by fatigue or vibration, in addition to the installation of new equipment such as navigation and communication systems. HII will also do any necessary testing and inspections. HII is one of the largest shipbuilding companies in the United States and currently has a number of contracts with the U.S. Navy and other military organizations. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
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Analysis – HII Intrinsic Value
At GoodWhale, we have conducted a thorough analysis of the fundamentals of HUNTINGTON INGALLS INDUSTRIES. After careful consideration, we have determined that the intrinsic value of HUNTINGTON INGALLS INDUSTRIES share is approximately $222.9, based on our proprietary Valuation Line. Right now, HUNTINGTON INGALLS INDUSTRIES stock is being traded at $239.6, meaning that it is being sold for a fair price slightly overvalued by 7.5%. More…
Star Chart Analysis
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Huntington Ingalls Industries (HII) recently secured a U.S. Navy contract with a potential value of $185 million. This contract, involving the refueling and complex overhaul of the aircraft carrier USS Harry S. Truman, is further evidence of HII’s position as the largest military shipbuilding company in the United States. Analysts suggest that this contract could pay long-term dividends for HII shareholders in the form of increased share price and higher earnings per share.
It also signals to investors that HII is well-positioned to continue to win new contracts and maintain its leadership position in the military shipbuilding sector. As such, it is recommended that investors consider HII for long-term growth opportunities.