Huntington Ingalls Industries builds ships and amphibious vehicles for the U.S. Navy, including nuclear-powered aircraft carriers, submarines and other vessels. Epstein says Huntington has a large backlog of ship orders that creates long-term earnings visibility for investors. Also, the company's cash flow provides an opportunity for share buybacks and potential merger and acquisition deals. Epstein says Huntington Ingalls is one of the biggest winners from the Department of Defense's Indo-Pacific strategy. He projects $2.6 billion in free cash flow from 2022 through 2025. Bank of America has a "buy" rating and a $255 price target for HII stock.