Huntington Ingalls Is the Cheapest Defense Stock Right Now: Is It a Value Trap?
Of all the large prime defense contractors -- companies that make the planes, ships, and tanks for the U.S. military -- Huntington Ingalls Industries stands out for all the wrong reasons these days. The company's stock has underperformed both the markets and other defense contractors, trailing the S&P 500 by more than 65 percentage points over the past three years. Huntington Ingalls, one of the Navy's two primary shipbuilders, is certainly more affordable than some of its rivals.