HII's Ingalls Shipbuilding Division Announces Successful Launch Of The Navy's Third Flight III Arleigh Burke-Class Guided Missile Destroyer Ted Stevens (DDG 128)
Portfolio Pulse from Happy Mohamed
Huntington Ingalls Industries' (NYSE:HII) Ingalls Shipbuilding division has successfully launched the Navy's third Flight III Arleigh Burke-class guided missile destroyer, Ted Stevens (DDG 128). Ingalls has delivered 35 Arleigh Burke-class destroyers to the U.S. Navy, including the first Flight III, Jack H. Lucas (DDG 125), in June of this year. The company has four Flight IIIs currently under construction and was awarded an additional six destroyers earlier this month.
August 15, 2023 | 8:05 pm
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POSITIVE IMPACT
The successful launch of the Navy's third Flight III Arleigh Burke-class guided missile destroyer by HII's Ingalls Shipbuilding division is a positive development for the company. It demonstrates the company's ability to deliver on its contracts and could potentially lead to more contracts in the future.
The successful launch of the Navy's third Flight III Arleigh Burke-class guided missile destroyer by HII's Ingalls Shipbuilding division demonstrates the company's ability to deliver on its contracts. This could potentially lead to more contracts in the future, which would be beneficial for the company's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100