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Huntington Ingalls Industries (HII) has secured a contract with the U.S. Navy for a new small surface combatant ship. The company is a leading player in the U.S. military shipbuilding sector with a market capitalization of $12.66 billion. Despite recent financial challenges, HII maintains a strong position in the aerospace and defense industry. The company's strategic positioning and historical expertise in shipbuilding make it a pivotal player in the defense sector.

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