HII is Awarded $197 Million Contract to Research and Develop Technology Enhancements for U.S. Army Combat Vehicle Fleet

Rhea-AI Summary

HII's Mission Technologies division has secured a $197 million contract to support the U.S. Army Combat Capabilities Development Command's Ground Vehicle Systems Center (GVSC). The five-year task order focuses on researching and developing enhancements for ground combat systems and service lifecycle efforts, particularly in vehicle power and mobility. The scope includes manned and unmanned ground combat vehicles, hybrid, joint light tactical and robotic vehicles. The work will primarily be conducted in Warren, Michigan, under the Department of Defense Information Analysis Center's multiple-award contract vehicle.

Positive

• Secured significant $197 million contract
• Five-year contract duration providing steady revenue stream
• Builds on existing 20-year relationship with GVSC

Negative

• None.

News Market Reaction

+5.16%

1 alert

+5.16% News Effect

On the day this news was published, HII gained 5.16%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

McLEAN, Va., Nov. 06, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a $197 million contract to support the U.S. Army Combat Capabilities Development Command’s Ground Vehicle Systems Center (GVSC).

HII was awarded this contract under the Department of Defense Information Analysis Center’s (DoDIAC) multiple-award contract (MAC) vehicle. These IAC MAC task orders are awarded by the U.S. Air Force's 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the Defense Technical Information Center (DTIC) repository and the research and development and science and technology (S&T) community.

Under the five-year task order, HII will research and develop enhancements for GVSC’s ground combat systems and service lifecycle efforts. With an emphasis on vehicle power and mobility, the research will apply to the full suite of Army vehicles, from manned and unmanned ground combat vehicles to hybrid, joint light tactical and robotic vehicles.

“We look forward to continuing our longstanding relationship with GVSC, building on our 20-year history supporting the center’s important mission,” said Grant Hagen, head of Mission Technologies’ Warfare Systems group. “Accelerating advanced technology to benefit the warfighter is a priority, and we’re pleased to collaborate with the Army on ground vehicle advancements that will improve soldier safety and mission success on the battlefield.”

Work will be performed primarily in Warren, Michigan.

A photo accompanying this release is available at: https://hii.com/news/hii-is-awarded-197-million-contract-to-research-and-develop-technology-enhancements-for-u-s-army-combat-vehicle-fleet/.

About DoDIAC Program

The DoDIAC, sponsored by the DTIC, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD S&T and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader S&T community.

About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 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

This material is based upon work supported by the DoD Information Analysis Center Program (DoDIAC), sponsored by the Defense Technical Information Center (DTIC) under Contract No. FA8075YYD00XX.”

Approved for Public Release, Distribution Unlimited. “Any opinions, findings and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the DoD.

DISTRIBUTION STATEMENT A
Approved for public release; distribution is unlimited. OPSEC9082

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/6f1ff43f-6b37-4fc6-ae16-0070e8c6f2b8

 

FAQ

What is the value of HII's new U.S. Army contract in 2024?

HII was awarded a $197 million contract to support the U.S. Army Combat Capabilities Development Command's Ground Vehicle Systems Center.

What type of vehicles will HII research under the new Army contract?

HII will research manned and unmanned ground combat vehicles, hybrid vehicles, joint light tactical vehicles, and robotic vehicles.

Where will HII perform the work for the new $197M Army contract?

The work will be performed primarily in Warren, Michigan.

How long is HII's new Army vehicle technology contract?

The contract is a five-year task order.