Huntington Ingalls Industries: An Attractively Priced Shareholder Value-Creation Machine

Not many have heard of Huntington Ingalls Industries (HII). The company was spun out of Northrop Grumman (NOC) in 2011. Shareholders received one share in the new company for every six shares of Northrop Grumman they owned. Similar to its ex-parent company, Huntington Ingalls operates in the aerospace & defense sector.
Last month we covered Lockheed Martin (LMT), our favorite company in the industry, powered by robust government-sourced cash flows. Overall, we believe that aerospace and def…

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