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Babcock seeks to build warships for the US Navy

The Telegraph ·

HII
HII Huntington Ingalls Industries Inc
$274.08 -1.71%
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  1. 1Babcock has held initial meetings with Pentagon officials in recent months.
  2. 2The Trump administration issued an executive order in August to allow allied shipyards to build surface ships for the US Navy.
  3. 3Babcock agreed last year to build certain sections of Virginia-class submarines for the US Navy with HII.

So what's the key point?

Babcock discussed building warships with US Department of Defense officials. This company may participate in the business of making ships for the US Navy.

Source The Telegraph · View original ↗

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