HII Awarded $2.2 Billion Contract to Advance U.S. Surveillance and Intelligence Capabilities for the Western Hemisphere
Rhea-AI Summary
HII (NYSE:HII) announced that its Mission Technologies division received a $2.2 billion GSA ASTRO IDIQ task order to deliver the STRINGRAI suite (Surveillance, Tracking, Intelligence, Network Services, Global Reconnaissance, Analysis and Interceptions) for U.S. Southern Command. The program supports SOUTHCOM and partner nations across Central and South America and the Caribbean, with one base year and six option years.
Positive
- $2.2 billion STRINGRAI task order awarded to Mission Technologies
- Multi-year contract structure with one base year and six option years
- Expands role with U.S. Southern Command in intelligence and reconnaissance support
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 06 | Production agreements | Positive | +1.3% | Performance-based robotics agreements supporting up to $900 million in shipbuilding work |
| Aug 04 | Automation partnership | Positive | -1.7% | Pilot program expanded intelligent welding automation at Ingalls Shipbuilding |
| Aug 03 | Leadership appointment | Neutral | -0.1% | Chris Helton appointed infrastructure and sustainability vice president effective Aug. 31 |
| Jul 30 | Q2 earnings report | Positive | +14.1% | Revenue growth, higher earnings, increased guidance, and $6.7 billion in awards |
| Jul 29 | Submarine contracts | Positive | +14.1% | Approximately $76.6 billion in contract modifications covered additional submarines |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
HII's positive earnings and contract announcements aligned with gains, while a partnership and leadership announcement diverged with negative reactions.
Key Terms
indefinite delivery, indefinite quantity regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
MCLEAN, Va., Aug. 11, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division has been awarded a
STRINGRAI will enhance SOUTHCOM’s ability to detect, monitor, and disrupt illicit activity across Central America, South America, and the Caribbean, while strengthening integrated intelligence and reconnaissance capabilities essential to defending the U.S. homeland and national interests.
HII will lead an integrated team to provide SOUTHCOM and partner nations with a comprehensive suite of intelligence gathering capabilities, advanced technologies and adaptable innovative all-domain platforms for high-level operational readiness and preparedness.
“This award is an incredible opportunity and goes right to the heart of what SOUTHCOM needs — clearer visibility, faster decision-making, and the ability to stay ahead of rapidly changing threats. Our team understands the complexity of this region, and we’re proud to support the command with solutions that help protect U.S. interests and strengthen security across the hemisphere,” said Andy Green, executive vice president of HII and president of HII’s Mission Technologies division.
A photo accompanying this release is available at https://www.hii.com/newsroom.
The program supports SOUTHCOM’s mission to counter transnational criminal organizations, drug cartels, and drug trafficking organizations, and provides commanders with greater flexibility to respond to emerging threats and shifts in regional security dynamics.
The task order was awarded under the General Services Administration (GSA) ASTRO Indefinite Delivery, Indefinite Quantity (IDIQ) contract, issued by GSA Assisted Acquisition Services (AAS) Defense and has a period of performance of one base year with six option years.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world. With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 45,000 strong. For more information, visit:
- HII on the web: https://www.HII.com/
- HII on Facebook: https://www.facebook.com/TeamHII
- HII on X: https://www.twitter.com/WeAreHII
- HII on Instagram: https://www.instagram.com/WeAreHII
- HII on LinkedIn: https://www.linkedin.com/company/wearehii
Contact:
Greg McCarthy
(202) 264-7126
gregory.j.mccarthy@hii-co.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/feba2085-a455-47cb-bebc-7594a0ed1c36
