Shipbuilding results overall were strong and above expectations, but the impact of the Navy contracts awarded last night should be a key focus area and so conference call commentary will be an important driver of the reaction as well. Management raised shipbuilding sales and margin guidance and while 2H doesn't look dramatically different than our model, Q2 performance and the contracts should provide momentum. Q2 FCF fell short but mgmt maintained the outlook for the year and Q4 likely includes significant ...