HII Delivers First Flight III Destroyer Jack H. Lucas (DDG 125) To U.S. Navy
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Huntington Ingalls Industries' (NYSE:HII) Ingalls Shipbuilding division has delivered the first Flight III Arleigh Burke-class guided missile destroyer, Jack H. Lucas (DDG 125), to the U.S. Navy. The delivery represents the official transfer of the ship from the shipbuilder to the Navy. Ingalls has delivered 35 destroyers to the U.S. Navy, including DDG 125, with four Flight IIIs currently under construction.
June 27, 2023 | 8:33 pm
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Huntington Ingalls Industries has successfully delivered the first Flight III Arleigh Burke-class guided missile destroyer to the U.S. Navy, with four more currently under construction.
The successful delivery of the first Flight III destroyer to the U.S. Navy by HII's Ingalls Shipbuilding division is a positive development for the company. It not only demonstrates the company's capability and reliability as a defense contractor, but also indicates ongoing business with the U.S. Navy, as four more Flight IIIs are currently under construction. This could potentially lead to a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100