Weak shipbuilding could be the US Navy's Achilles' heel in a war with China [Business Insider]
Huntington Ingalls Industries, Inc. (HII)
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Source: Business Insider
The Navy's aging fleet of aircraft carriers, destroyers, and submarines faces lengthy maintenance and repair backlogs, and it can't build new warships fast enough. Yearslong delays and cost overruns are plaguing new construction. These are all symptoms of a larger issue: the hollowing out of the vast American shipbuilding industry the Navy depends on. Nowhere are the stakes higher than in the Indo-Pacific, where a US Navy not at full strength could face a substantial Chinese battle force and an expanding arsenal of anti-ship missiles. In this scenario, American warships are unlikely to sail away unscathed, and US industrial capacity may not be up to the task of repairing them or building replacements fast enough, officials and naval analysts have warned. China boasts the largest navy in the world, and its sprawling shipyards rapidly pump out warships and commercial vessels, potentially allowing it to absorb losses more easily than the US Navy. As it stands, China's yards can si
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HII
News
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- HII’s Newport News Shipbuilding Division Recognized with 2024 Virginia Governor’s Volunteerism and Community Service AwardGlobeNewswire
- The Schall Law Firm Invites Shareholder Participation In An Inquiry Into Huntington Ingalls Industries Inc For Securities Law ViolationsAccesswire
- Alert of Investigation of HII: Kessler Topaz Meltzer & Check, LLP Encourages Huntington Ingalls Industries, Inc. (NYSE:HII) Investors with Significant Losses to Contact the Firm Accesswire
HII
Earnings
- 10/31/24 - Miss
HII
Sec Filings
- 11/18/24 - Form 8-K
- 11/14/24 - Form 424B5
- 11/13/24 - Form FWP
- HII's page on the SEC website