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Huntington Ingalls Industries Stock Surges on Trump’s ’Golden Fleet’ Navy Plan

Huntington Ingalls Industries Stock Surges on Trump’s ’Golden Fleet’ Navy Plan

Author:

Global Cryptocurrency

Published:

2025-12-23 18:56:01

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BTCCSquare news:

Huntington Ingalls Industries (HII) shares reached record highs this week following the TRUMP administration's announcement of plans to modernize the U.S. Navy's fleet. The defense contractor was selected to build new ships, with President Trump dubbing the initiative the 'Golden Fleet' program. The first vessel, USS Defiant, could lead to 20-25 additional orders.

Investors have driven HII stock up nearly 100% in 2025, anticipating increased defense spending under the current administration. The company's selection builds on its existing Coast Guard vessel designs, positioning it as a key beneficiary of naval expansion. Defense sector analysts note the MOVE aligns with broader trends of military modernization and domestic manufacturing investment.

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