STOCK TITAN

HII is Awarded $347 Million U.S. Navy Lionfish Small UUV Contract

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
HII's Mission Technologies division awarded contract to build nine small unmanned undersea vehicles (SUUV) for U.S. Navy's Lionfish System program with potential to grow to 200 vehicles over next five years, valued at $347 million.
Positive
  • HII awarded contract to build nine SUUVs for U.S. Navy's Lionfish System program with potential for growth to 200 vehicles over next five years, valued at $347 million.
Negative
  • None.

Contract includes initial build of nine UUVs with potential for up to 200

MCLEAN, Va., Oct. 11, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a contract to build nine small unmanned undersea vehicles (SUUV) for the U.S. Navy’s Lionfish System program. The contract has the potential to grow to as many as 200 vehicles over the next five years with a total value of more than $347 million.

The Lionfish System, based on HII's REMUS 300, is a highly portable, two-person SUUV with an open architecture design and versatile payload options. In early 2022, REMUS 300 was chosen as the Navy's official program of record for the next-generation SUUV.

Administered by Naval Sea Systems Command, this contract provides for the delivery and support of the Navy’s next generation SUUVs, as well as afloat and auxiliary support equipment and engineering services. The vehicles, incorporating the latest in autonomous and unmanned technology, will conduct critical undersea missions for the Navy.

“Lionfish provides increased capability and interoperability that aligns with the Navy’s undersea priorities, and we look forward to delivering next-generation vehicles that can readily adapt to and support a variety of mission needs,” said Andy Green, executive vice president of HII and president of Mission Technologies.

Featured R300

Photos accompanying this release are available at: https://hii.com/news/hii-navy-lionfish-small-unmanned-undersea-vehicle-contract-2023/.

“We are pleased with the Navy’s decision to support a combat-proven technology, essential to the Navy’s undersea mission,” said Duane Fotheringham, president of Mission Technologies’ Unmanned Systems business group. “Our team is committed to delivering fully capable vehicles that will enhance the effectiveness of the warfighter against emerging threats.”

The Lionfish System was developed through an innovative process with the Department of Defense’s Defense Innovation Unit and the Navy that incorporated feedback from multiple user groups to uniquely meet the needs of the warfighters.

HII is the largest producer of unmanned undersea vehicles (UUV) worldwide. Serving customers in more than 30 countries, HII provides design, autonomy, manufacturing, testing, operations and sustainment of unmanned systems, including UUVs and unmanned surface vessels (USV).

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 43,000 strong. For more information, visit:

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/fb47b63d-f55f-4fb0-ba3e-d17465eb0e7a


FAQ

What is the contract awarded to HII for?

The contract is awarded to HII's Mission Technologies division to build nine small unmanned undersea vehicles (SUUV) for the U.S. Navy's Lionfish System program.

What is the potential growth of the contract?

The contract has the potential to grow to as many as 200 vehicles over the next five years.

What is the value of the contract?

The total value of the contract is more than $347 million.

What is the Lionfish System based on?

The Lionfish System is based on HII's REMUS 300, a highly portable, two-person SUUV with an open architecture design and versatile payload options.

What is the significance of REMUS 300?

REMUS 300 was chosen as the Navy's official program of record for the next-generation SUUV.

Who administers the contract?

The contract is administered by Naval Sea Systems Command.

What will the vehicles be used for?

The vehicles, incorporating the latest in autonomous and unmanned technology, will conduct critical undersea missions for the Navy.

What is HII's expertise in unmanned undersea vehicles?

HII is the largest producer of unmanned undersea vehicles (UUV) worldwide, providing design, autonomy, manufacturing, testing, operations, and sustainment of unmanned systems.

Huntington Ingalls Industries, Inc.

NYSE:HII

HII Rankings

HII Latest News

HII Stock Data

10.97B
38.66M
0.64%
92.17%
1.84%
Ship Building and Repairing
Manufacturing
Link
United States of America
NEWPORT NEWS

About HII

huntington ingalls industries is america's largest military shipbuilding company and a provider of engineering, manufacturing and management services to the nuclear energy, oil and gas markets. for more than a century, hii's newport news and ingalls shipbuilding divisions in virginia and mississippi have built more ships in more ship classes than any other u.s. naval shipbuilder. headquartered in newport news, virginia, hii employs approximately 37,000 people operating both domestically and internationally. divisions: ingalls shipbuilding, newport news shipbuilding subsidiaries: amsec llc, continental maritime san diego (cmsd), newport news industrial, newport news nuclear, newport news energy, stoller newport news nuclear (sn3)