Better Buy: General Dynamics Corporation vs. Huntington Ingalls

General Dynamics Corporation (NYSE: GD)and Huntington Ingalls (NYSE: HII)provide key products and services to the U.S. military. That's normally a fairly consistent business driven by large and often very long contracts. With a supportive administration in the White House, it would seem like now is a good time to take a look at this pair of stocks.

But which of these two military-industrial companies is a better buy? Using a Benjamin Graham lens, the answer may not be what you want to hear.