Trump's Plans For a 'Golden Fleet' Sent This Shipmaker's Stock to Record Highs

Key Takeaways Huntington Ingalls Industries shares surged to new highs this week after the Trump administration said it wants the company to build new ships for the U.S. Navy. With its recent gains, the stock has nearly doubled in value in 2025. Huntington Ingalls Industries ( HII ) shares sailed to new highs this week. President Trump said Monday that the U.S. Navy could buy 20 to 25 ships made by Huntington Ingalls Industries.ANDREW CABALLERO-REYNOLDS / AFP / Getty Images Shares of the shipbuilder climbed close to 2% to a fresh record high Tuesday before paring back some of their early gains, extending their rally after the Trump administration said it wants the company to build new ships for the U.S. Navy. President Donald Trump said in a press conference Monday that the first ship, designed and built by Huntington, will be called the USS Defiant as part of his effort to revamp the Navy's fleet of ships into a so-called "Golden Fleet." Trump said the Navy could buy 20 to 25 of the new ships . Why This Matters to Investors Huntington Ingalls Industries shares have climbed steadily this year amid expectations it would benefit from the Trump administration's efforts to invest in and boost domestic manufacturing . Trump's plans for a broader revamp of the Navy's fleet could lead to more new orders for Huntington and other ship builders. Huntington had announced Friday that it was selected to build new ships for the U.S. Navy, and that the ships will be based on a previous design currently used by the Coast Guard. Navy Secretary John Phelan said the first ships are expected to be completed by 2028. Shares of Huntington jumped over 4% Friday following the news, and added another 5% Monday. With the stock's recent gains, it's nearly doubled in value in 2025. Do you have a news tip for Investopedia reporters? Please email us at [email protected]

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