Huntington Ingalls Industries (HII) Stock Hits Record High on Navy FF(X) Frigate Move: Today’s News, Analyst Forecasts, and What’s Next
Huntington Ingalls Industries (HII) stock surged to a record high of $353.52, up 5% for the day and 87% year-to-date, following the U.S. Navy's decision to adopt HII's Legend-class National Security Cutter design for its new FF(X) frigate program. This move is seen as a strategy to reduce schedule risk by utilizing a proven design, indicating a significant, multi-year naval shipbuilding push. Analysts are adjusting price targets upward, with Goldman Sachs reportedly raising its target to $384, as the market re-evaluates HII as a key capacity asset in a potentially expanding shipbuilding cycle.
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