Shares of military shipbuilder HII, or Huntington Ingalls Industries, were surging 11.6% in recent trading, enough to pace the S&P 500’s gainers, after President Trump said he’d offer tax incentives to revive America’s ship building industry.
The stock’s rally, which was on track to break the current the record 11.4% gain on Nov. 9, 2016, comes almost exactly a month after the stock had closed at a three-year low.
Trump said late Tuesday that his administration will create “a new office of ship building in the White House.”
