Northrop Grumman Corp.'s shipbuilding business was so inefficient that the company, after a year of trying to find a buyer, spun it off. The new entity, christened Huntington Ingalls Industries, started trading on the New York Stock Exchange on March 22 under the ticker symbol HII. Some industry observers may wonder why investors would even consider putting money into the new stand-alone if it was unable to meet Northrop Grumman's performance expectations. Here's why: HII consists of ...


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