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Founded in 1886, the Newport News, Virginia-based Huntington Ingalls Industries, Inc. (HII) designs, builds, overhauls, and repairs military ships in the United States. With a market cap of $8 billion, the company operates through Ingalls, Newport News, and Mission Technologies segments.
Companies with a market capitalization between $2 billion and $10 billion are generally classified as 'mid-cap stocks,” and HII perfectly fits that description, with its market cap exceeding this mark, underscoring its size, influence, and dominance within the aerospace and defense industry. The company benefits from a wide range of offerings for the U.S. Navy, strengthening its presence in the booming defense sector.
