On September 4, the U.S. Department of War (DoW) announced a $336,112,000 Navy contract for Huntington Ingalls Industries, Inc. (NYSE:HII) to advance procurement of long-lead materials for the construction of the future USS William J. Clinton (CVN 82).
Work on the program will be executed in Newport News, Virginia, with completion anticipated by March 2039. Shipbuilding and conversion funding from FY 2026 will be obligated at the time of award.
The contract is not just a headline number, but reaffirms the company's status as the sole nuclear carrier builder for the U.S. Navy.
The long lead materials contract has secured Huntington Ingalls Industries, Inc. (NYSE:HII)'s role on the CVN 82 well before construction begins, which has extended revenue visibility to 2039.
According to defense websites, the Navy plans on spending $22.34 billion on its aircraft carrier replacement program over the next five years. This contract can be seen as among the first in a larger sequence, with more awards to come as procurement accelerates.

#navy #contract #ingalls #industries

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q2 2026 investor letter for its "Mid Cap Strategy". A copy of the Q2 2026 investor letter can be downloaded here. In the quarter, equity markets posted strong returns as resilient economic growth and robust corporate earnings supported investor sentiment, although AI-related companies continued to dominate market leadership. Technology was the strongest-performing sector, while industrials also advanced and energy lagged as oil prices declined. The Fund returned 7.92% and the Russell Midcap Index returned 13.83%. Health care holdings were the largest positive contributor, supported by strength across managed care, diagnostics, and life sciences. However, stock selection and an underweight position in information technology remained the main relative headwinds. The strategy maintained limited exposure to highly valued semiconductor and memory companies, reflecting concerns that current valuations ******* ume an extended period of elevated AI spending. It also continued to ******* s software and services businesses individually based on how AI may affect their long-term competitive positions. Management emphasized higher-quality companies, attractive valuations, capital preservation, and durable long-term compounding while remaining cautious about elevated valuations, concentrated leadership, and the sustainability of the current AI investment cycle. Please review the Strategy's top five holdings for its key selections.
In its second-quarter 2026 investor letter, Diamond Hill Capital Mid Cap Strategy highlighted Huntington Ingalls Industries, Inc. (NYSE:HII). Huntington Ingalls Industries, Inc. (NYSE:HII) is US-based military shipbuilding company. On August 4, 2026, Huntington Ingalls Industries, Inc. (NYSE:HII) closed at $323.06 per share. One-month return of Huntington Ingalls Industries, Inc. (NYSE:HII) was 11.60% and its shares gained 20.77% over the past 52 weeks. Huntington Ingalls Industries, Inc. (NYSE:HII) has a market capitalization of $12.84 billion with a 52-week trading range between $259.00 - $460.00.
Diamond Hill Capital Mid Cap Strategy stated the following regarding Huntington Ingalls Industries, Inc. (NYSE:HII) in its Q2 2026 investor letter:
"Huntington Ingalls Industries, Inc. (NYSE:HII), the largest shipbuilder for the US Navy, underperformed following mixed 1Q26 results. Strong revenue growth was offset by margin pressure from execution challenges and legacy pre-COVID contracts, while the broader defense sector weakened amid delays to US defense funding legislation and improving geopolitical tensions."

#capital #strategy #diamond #letter

Melissa Gilbert shared a heartfelt Instagram post celebrating her renewed friendship with costar Melissa Sue Anderson
The two actresses, who played sisters on Little House on the Prairie, recently reconciled after years of a strained relationship
Gilbert praised Anderson's inner and outer beauty and reflected on their unique bond from growing up on set together
Melissa Gilbert is forever sisters with Little House on the Prairie costar Melissa Sue Anderson.
In an Instagram post on July 23, Gilbert posted a screenshot of an article headline that read "The Original Mary Ingalls from Little House on the Prairie Is Still Stunning Today."

#prairie #Instagram #anderson #post