$HII

Trump ordered the Pentagon to enable overseas warship building and to plan a fifth public Navy shipyard on the Pacific coast within 120 days, citing an atrophied U.S. shipbuilding base. Virginia lawmakers and the Shipbuilders Council of America warned this could divert work from Hampton Roads, including Newport News Shipbuilding (HII) and Norfolk Naval Shipyard. The memo also directs reverting to steam catapults.

The White House said President Trump signed a national security memorandum directing the U.S. Navy to replace electromagnetic aircraft launch systems with steam catapults on Gerald R. Ford-class carriers. The change could require major ship modifications and cost billions, according to the White House. Huntington Ingalls Industries is the primary Ford-class contractor.

Reuters reports that U.S. President Donald Trump ordered the Navy to drop the electromagnetic aircraft carrier launch system and return to steam catapults, via a national security memorandum. The change would require removing the system on Gerald R. Ford-class carriers and is expected to cost billions. Huntington Ingalls is the primary contractor building the Ford class, according to the White House.

Benzinga reports Jim Cramer’s comments alongside recent earnings updates. Vistra missed Q2 revenue and EPS estimates but grew adjusted EBITDA and reaffirmed full-year outlook. Recursion Pharmaceuticals reported worse-than-expected Q2 results. NextEra Energy had mixed Q2 results and reaffirmed guidance. Huntington Ingalls beat Q2 results and raised FY26 sales guidance. Fastly’s Q2 EPS beat estimates. Shares moved modestly.

Citigroup raised its price target on Huntington Ingalls Industries to $379 from $349 and kept a Buy rating, according to the note. The article also cites that Huntington Ingalls received a $2.2 billion task order for Southern Command work, reported Aug. 11 by DJ.

Argus reported on Aug 12, 2026 that it raised its price target for Huntington Ingalls Industries (HII) to $311. The article notes HII is the largest independent US military shipbuilder and was spun out from Northrop Grumman in 2011.

Kastner Christopher D (Director, President & CEO) sold 13,070 shares of HUNTINGTON INGALLS INDUSTRIES, INC. (HII) at $324.92 ($4.25M total) on 2026-08-10 under a Rule 10b5-1 trading plan.

Harker Victoria D sold 723 shares of HUNTINGTON INGALLS INDUSTRIES, INC. (HII) at $333.16 ($0.24M total) on 2026-08-07.

HII’s Mission Technologies division secured a $2.2 billion task order to support U.S. Southern Command under the STRINGRAI program, covering surveillance, tracking, intelligence, network services and global reconnaissance. HII said the work will expand SOUTHCOM intelligence and reconnaissance capabilities for operations against transnational criminal groups and drug cartels. The award runs a one-year base plus six options.

HII (NYSE: HII) said its Mission Technologies division received a $2.2 billion task order under a GSA ASTRO IDIQ contract to support U.S. SOUTHCOM’s STRINGRAI program. The work covers surveillance, tracking, intelligence, network services, reconnaissance, analysis, and interceptions across Central America, South America, and the Caribbean, with one base year plus six option years.