Huntington Ingalls downgraded at BofA/Merrill As previously reported, BofA/Merrill downgraded Huntington Ingalls to Neutral from Buy. The firm downgraded shares due to valuation and raised its price target to $106 from $102.
Huntington Ingalls division awarded $57.8M contract Huntington Ingalls Industries announced that its Newport News Shipbuilding division has been awarded a $57.8M contract to perform planning in support of maintenance and modernization efforts on the submarine USS Columbus. If all contract options are exercised, the total value of the work would be $288M. Work will begin immediately and is expected to be completed in May 2019.