Defense News cites the Atlantic Council for hosting an event with Mike Petters, chief executive of Huntington Ingalls Industries Inc.:
While market pressures have been discouraging companies in the defense sector from making long-term investments in favor of initiatives that can help boost their share value in the short-term, Mike Petters, chief executive of Huntington Ingalls Industries Inc., on Wednesday insisted that he was committed to taking a a longer-term view.
During an event at The Atlantic Council in Washington, Petters said that his unique position as a shipbuilder necessitated that he take a longer view, since the ships he is building will be in service for up to 70 years after delivery. He added that part of his determination to focus on the future has led his company to start investing in a range of new businesses in the energy sector.