Huntington Ingalls rises after Trump unveils 'Trump-class' battleships

HUNTINGTON INGALLS INDUSTRIES

23/12/2025 10:46

** Shares of Huntington Ingalls HII.N, America's largest military shipbuilder, rises 4.4% to $368.99 premarket

**  U.S. President Trump on Monday announced plans for a new "Trump class" of battleships, marking the start of an expanded naval buildup

** Trump said the new battleships would be larger, faster and "100 times more powerful" than any previously built

** The program will begin with two vessels and is expected to grow to between 20 and 25 ships, Trump said, adding that he will be personally involved in the designs

** HII shares have risen 87% YTD after 27% slump in 2024

 (Reporting by Medha Singh)

 ((medha.singh@thomsonreuters.com))