Top 10 Growing Aerospace and Defense Stocks For Trump’s Presidency

7. Huntington Ingalls Industries, Inc. (NYSE:HII)

Huntington Ingalls Industries, Inc. is a builder, designer, and repairer of military ships. The company operates in Mission Technologies, Ingalls, and Newport News segments. The company’s stock is surging and is likely to continue going up this week.

The optimism comes from recent developments from the White House, with Donald Trump doubling down on efforts to boost the local shipbuilding industry, including through tax breaks. The move is aimed at strengthening the US military. The President went as far as saying that there will be a new office of shipbuilding in the White House, underscoring the urgency of the matter.

According to Citi analyst Jason Gursky, defense stocks like HII are a buy. These stocks have priced in a flat US defense revenue, which is unlikely to be the case now with Donald Trump’s focus on building the country’s defense. While the stock rises just like many other defense stocks, there is a chance that HII brings greater rewards thanks to its focus on shipbuilding.