Mike Petters: Huntington Ingalls Committed to Long-Term Investment

Mike Petters

Mike Petters

Executive Mosaic, Tysons Corner, VA December 15, 2014 – ExecutiveBiz covered last week Huntington Ingalls Industries CEO Mike Petters’ remarks regarding industry’s continued balancing act between getting immediate returns from its businesses and investing for longer-term gains.

Reuters reported Wednesday that Petters gave a speech at a Captains of Industry event hosted by the Atlantic Council addressing how the company has diversified to energy and health interests to cope with market trends, budget cuts and investor concerns.

“You can buy back shares, raise your dividend, you can do lots of stuff that will actually affect the perceived value of your company, but they’re not investments that are creating new value inside your business,” Petters told his audience.

“That’s an environment that we’re all struggling with now.”

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