Defense Company HII Forges Partnership With Babcock To Look For Global Opportunities
Portfolio Pulse from Shivani Kumaresan
Huntington Ingalls Industries Inc (NYSE:HII) has formed a strategic partnership with Babcock International Group to explore naval and civil nuclear decommissioning and construction opportunities in the U.K. and U.S. The partnership will also explore opportunities in civil nuclear, including power plant and component design, fabrication and construction in North America and the U.K. They will also look into how their defense capabilities can support the Australia - United Kingdom – United States (AUKUS) programs.
July 17, 2023 | 1:22 pm
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Huntington Ingalls Industries' partnership with Babcock International could lead to new opportunities in naval and civil nuclear sectors, potentially boosting its revenues and market presence.
The partnership with Babcock International could open up new opportunities for Huntington Ingalls Industries in the naval and civil nuclear sectors. This could potentially lead to increased revenues and an expanded market presence, which could positively impact the company's stock price in the short term.
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