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According to Huntington Ingalls (HII) CEO, Mike Petters, his company has an "unprecedented backlog of shipbuilding work" worth $46.5 billion. Another prime US Navy contractor, General Dynamics (GD), recently signed its own $22.2 billion agreement with the Navy. These developments should mean TechPrecision (TPCS), a company that partners with both GD and HII in the defense industry, should soon be rocking-and-rolling.
Despite these recent developments and the excitement around this "unprecedented" time in the shipbuilding industry, TPCS has put up two consecutive weak quarters. These disappointing announcements led to