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Moody's: Huntington Ingalls view positive
Moody's Investors Service said it changed the outlook of Huntington Ingalls Industries, Inc. to positive from stable.
All ratings, including the Ba2 corporate family rating, were affirmed.
Moody's said the positive outlook recognizes Huntington Ingalls' operational progress since emerging as a standalone company three years ago, alignment with U.S. defense funding priorities, position as a key contractor to the Navy, run-off of unprofitable legacy contracts and improvement in the company's pension funding level.
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