BUZZ-Huntington Ingalls gains after securing US defense contract

Reuters

01/14

** Shares of U.S. military shipbuilder Huntington Ingalls Industries HII.N up 3.6% at $426.50 premarket

** Co secures SHIELD IDIQ contract by U.S. Department of Defense's Missile Defense Agency

** Contract carries ceiling of $151 bln; aims to accelerate delivery of homeland defense capabilities

** Work spans cyber ops, microelectronics, spectrum management, training environments, logistics and sustainment

** HII stock more than doubled over the past year

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))

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