STOCK TITAN

HII is Awarded $79 Million Missile Defense Agency Technical Services Contract

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
HII's Mission Technologies division has been awarded a $79 million contract to support the Missile Defense Agency's mission to develop a missile defense system. The contract has a seven-year period of performance with a two-year base. HII has performed similar work for the MDA since 2018 under a previously awarded contract.
Positive
  • None.
Negative
  • None.

MCLEAN, Va., Oct. 30, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a $79 million contract to support the Missile Defense Agency’s (MDA) mission to develop, test and field a missile defense system that will protect the U.S. and its allies against enemy ballistic missile attacks.

The HII-led team will support MDA leadership on strategic, technical, programmatic, operational, policy and organizational matters regarding the integrated, layered missile defense system. The team will also provide engineering and technical support; management and professional services; and studies, analyses and evaluations.

“We have assembled a highly experienced team that is committed to supporting the MDA in its important mission to defend the U.S. and its allies against a complex missile threat,” said Jeff Showalter, vice president of Weapons and Space Systems within HII’s Cyber, Electronic Warfare and Space business group. “As the MDA responds to the ever-changing threat environment, we will adapt to our customer’s needs to ensure a successful outcome.”

The contract has a seven-year period of performance with a two-year base. The work will be performed in Fort Belvoir, Virginia; Huntsville, Alabama; and Colorado Springs, Colorado.

HII has performed similar work for the MDA since 2018 under a previously awarded contract.

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


FAQ

What is the contract amount awarded to HII's Mission Technologies division?

The contract awarded to HII's Mission Technologies division is worth $79 million.

What is the duration of the contract?

The contract has a seven-year period of performance with a two-year base.

Has HII worked with the Missile Defense Agency before?

Yes, HII has performed similar work for the MDA since 2018 under a previously awarded contract.

Huntington Ingalls Industries, Inc.

NYSE:HII

HII Rankings

HII Latest News

HII Stock Data

9.73B
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)