President Trump will announce that the U.S. Navy intends to build a new “Trump-class” battleship as part of the “Golden Fleet” initiative, The Wall Street Journal’s Lara Seligman and Marcus Weisgerber report, citing a U.S. official. The new battleship will be an upgrade relative to the Navy’s Arleigh Burke-class destroyers, which Trump has compared unfavorably to rival navies, the report states. Shares of Huntington Ingalls (HII) are up 4% afterhours following the WSJ report.
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