Bernstein Maintains Market Perform on Huntington Ingalls Indus, Lowers Price Target to $304
Bernstein analyst Douglas Harned maintains Huntington Ingalls Indus (NYSE:HII) with a Market Perform and lowers the price target from $327 to $304.
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Bernstein analyst Douglas Harned maintains Huntington Ingalls Indus (NYSE:HII) with a Market Perform and lowers the price target from $327 to $304.
Anduril Industries, a private defense contractor founded by Oculus inventor Palmer Luckey, has secured a $2.9 billion U.S. Navy contract to build submarine components and plans to invest $3.7 billion in a new 2 million-square-foot shipyard near Baltimore. The move positions Anduril as a potential rival to incumbent submarine builders Huntington Ingalls and General Dynamics, while leveraging its existing autonomous submarine business to potentially become America's most important military shipbuilder.
https://thehill.com/policy/defense/6143284-smaller-war-plants-commission-agreement/https://legacy.sba.gov/article/2026/08/25/sba-dow-establish-smaller-war-plants-commission-historic-effort-strengthen-defense-industrial-b