On March 29, Huntington Ingalls Industries Inc. CEO Mike Petters rang the closing bell at the New York Stock Exchange, marking the one-year anniversary of the shipbuilder's spinoff from Northrop Grumman Corp. (IW 500: 33).
Huntington Ingalls might be the oldest new publicly traded company on Wall Street.
|Huntington Ingalls CEO Mike Petters on the floor of the New York Stock Exchange|
The company's lineage goes back to 1886, when railroad baron Collis P. Huntington founded the Newport News Shipbuilding and Dry Dock Co.
Since then, the company -- which is the U.S. Navy's sole supplier of nuclear-powered aircraft carriers -- boasts that it has built more ships in more ship classes than any other U.S. naval shipbuilder.
In a two-part conversation with IndustryWeek, Petters -- a U.S. Naval Academy graduate and a 25-year veteran of the company -- reflects on Huntington Ingalls's first year as a standalone entity and talks about some of the challenges and opportunities on its horizon.