Huntington Ingalls CEO: Major shipbuilding increase would require 'hard work'

By Marjorie Censer / February 16, 2017 at 3:08 PM
The chief executive of shipbuilder Huntington Ingalls said Thursday that growing the Navy's fleet to the level President Trump has advocated would not be "a light switch that you just turn on." Speaking to analysts during a morning call, Mike Petters said significantly expanding the fleet would require "a few budget cycles" to even get started. "None of this is a light switch that you just turn on and you start building 350 ships this summer," he said...

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