U.S. Shipbuilding Revival: Top 3 Stocks to Watch Amid Government Funding Boost

US shipbuilding revival expected with President Trump's executive order and Pentagon's FY2026 budget, earmarking tens of billions for naval shipbuilding. Huntington Ingalls, the nation's largest military shipbuilder, stands to benefit with expectations of up to $50 billion in new government contracts. Other defense contractors, such as General Dynamics and Lockheed Martin, also have exposure to the spending wave. European defense company Safran adds an additional tailwind.