Huntington Ingalls Industries CEO Mike Petters

Huntington Ingalls Industries CEO Mike Petters

Christopher Powers/Bloomberg

Mike Petters, president and chief executive officer of Huntington Ingalls Industries Inc., speaks during an interview in Washington, on Tuesday, April 10, 2012. The company stands to lose as much as $194.3 million, more than 40 percent of a potential fee, based on the overruns projected by the Navy.