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HII’s Mike Petters: Gov’t, Industry Should Adopt Long-Term Investment Mindset

HII's Mike Petters: Gov't, Industry Should Adopt Long-Term Investment Mindset - top government contractors - best government contracting event
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Mike Petters
Mike Petters

Mike Petters, president and CEO of Huntington Ingalls Industries, has urged government and business leaders to consider the long-term impact of investments in infrastructure and technology, the Detroit Free Press reported Wednesday.

Tom Walsh writes that Petters told his audience at a recent Detroit Economic Club event that budget constraints and short-term mindsets affect both the industry and its customers.

“There’s more and more short-term decision making on a lot of issues… and I think that leaders in our society have to actually resist that “” and with some courage, take a longer view,” Petters said.

Walsh reports that HII began construction on the USS Gerald R. Ford in 2009 and is anticipating a service life of 50 years for the nuclear-powered aircraft carrier following deployment to the U.S. Navy scheduled in 2016.

Petters also noted that the company is working with Michigan-based suppliers on the machinery, diesel engines and other components of the ship, the report said.

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Written by Anna Forrester

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