Aug. 14 at 1:57 PM
5/6: Trump signs national security memorandum directing Navy to drop EMALS and revert to steam catapults on Ford-class carriers; plans due within 2 months
$HII $ITA $LMT $NOC $GD
PickAlpha View: Base case: the directive becomes a near-term overhang for HII via change-order and rework uncertainty rather than an immediate revenue shock, since AP describes existing Ford, Kennedy, and Enterprise as untouched.