HII Secures $6.7B Contract to Provide Electronic Warfare Support

Huntington Ingalls Industries Inc.’s (HII) business unit, Mission Technologies, recently won a $6.7 billion deal to provide electronic warfare engineering and technical services support for the U.S. Air Force. This is the largest contract ever given to HII's Mission Technologies division.The market reacted positively to this news, with HII’s share price increasing by 1.4% from Dec. 5, the date of the announcement of the contract.What’s Favoring HII Stock?Rising geopolitical tensions globally have prompted c ...