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Huntington Ingalls Industries Surges to 410th in Trading Volume Despite Stock Decline

Market BriefThursday, May 1, 2025 8:12 pm ET

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On May 1, 2025, huntington ingalls industries (HII) saw a significant increase in trading volume, with a total of $242 million in shares traded, marking a 41.04% rise from the previous day. This surge placed hii at the 410th position in terms of trading volume for the day. However, despite the high trading volume, HII's stock price declined by 1.24%, marking the second consecutive day of decline, with a total decrease of 1.25% over the past two days.

Huntington Ingalls Industries, along with general dynamics, has secured a substantial contract modification from the U.S. Navy worth up to $18.4 billion. This contract is aimed at building two Virginia-class submarines, a significant addition to the Navy's fleet. The contract includes options that, if exercised, could bring the total value to $18.446 billion. Huntington Ingalls Industries' Newport News Shipbuilding division is set to receive $1.294 billion from this contract, with work expected to be completed by June 2036.

This contract is a major victory for Rhode Island's workforce, as it will provide added stability for the state's industrial base. The production of these submarines will involve thousands of workers and hundreds of small businesses across Rhode Island, contributing to the state's economy and technological advancements. The contract also highlights the strategic importance of these submarines in safeguarding national security and providing the U.S. Navy with a significant advantage.

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