This shipbuilder’s stock is soaring to a fresh record as company wins contract to produce a new type of Navy frigate

1 week ago 39

Shares in military shipbuilder Huntington Ingalls Industries were up sharply Monday, building on Friday’s surge that came after the U.S. Navy announced it had selected the company to design and build a new class of small warship.

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This shipbuilder’s stock is soaring to a fresh record as company wins contract to produce a new type of Navy frigate

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