HII is Awarded Task Order for Approximately $296 Million to Support Global Air and Space Operations

Rhea-AI Summary

HII (NYSE: HII) has secured a significant task order worth approximately $296 million through its Mission Technologies division. The five-year Consolidated Mission Support task order, awarded by the Air Force Installation Contracting Center's 764 Enterprise Sourcing Squadron, involves supporting U.S. Air Forces in Europe-Air Forces in Africa's (USAFE-AFAFRICA) global air and space operations.

The company will provide technical and analytical services for command and control, integrated air and missile defense, and intelligence, surveillance and reconnaissance (ISR). This task order expands upon HII's existing work under the Persistent Multi-Role Operations (PMRO) contract. HII's support extends across 74 countries, working with U.S. DOD commands and allied nations to strengthen national defense capabilities.

Positive

• Secured new $296 million task order
• Five-year contract duration providing steady revenue stream
• Expansion of existing contract scope with added services
• Geographic presence across 74 countries

Negative

• None.

MCLEAN, Va., Jan. 28, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a task order valued at approximately $296 million to support U.S. Air Forces in Europe-Air Forces in Africa’s (USAFE-AFAFRICA) air and space operations around the globe.

Under the five-year Consolidated Mission Support task order, awarded by the Air Force Installation Contracting Center’s 764 Enterprise Sourcing Squadron, HII will provide technical and analytical services to assist USAFE-AFAFRICA in the planning, integration and execution of command and control; integrated air and missile defense; and intelligence, surveillance and reconnaissance (ISR). The task order is a follow-on to work that HII does under the Persistent Multi-Role Operations (PMRO) contract with added scope.

“Through our continued partnership with USAFE-AFAFRICA, our team looks forward to applying our diverse skills and multi-national operations expertise to enhance the U.S. defense security posture in Europe and Africa and support the U.S. Department of Defense’s Combined Joint All-Domain Command and Control strategy,” said Todd Gentry, president of Mission Technologies’ All Domain Operations group.

A photo accompanying this release is available at: https://hii.com/news/hii-is-awarded-task-order-for-approximately-296-million-to-support-global-air-and-space-operations/.

USAFE-AFAFRICA, headquartered at Ramstein Air Base in Germany, executes Air Force, United States European Command and United States Africa Command missions with forward-based airpower and infrastructure to conduct and enable theater and global operations. HII designs, develops, integrates and manages the sensors, systems and other assets to support ISR operations and accelerated decision making for the U.S. Department of Defense (DOD), the combatant commands and the intelligence community.

HII employees are proudly supporting U.S. DOD commands and allied nations across 74 countries, united by a shared mission to strengthen U.S. national defense and deliver the strategic advantages that safeguard global peace and freedom.

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

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/24fbdbb2-0259-41d5-a13a-286bb397fdd4

FAQ

What is the value of HII's new USAFE-AFAFRICA task order?

HII was awarded a task order valued at approximately $296 million to support U.S. Air Forces in Europe-Air Forces in Africa's air and space operations.

What services will HII provide under the new $296M contract?

HII will provide technical and analytical services for command and control, integrated air and missile defense, and intelligence, surveillance and reconnaissance (ISR) operations.

How long is the duration of HII's new USAFE-AFAFRICA contract?

The Consolidated Mission Support task order is a five-year contract.

How many countries does HII currently operate in?

HII employees support U.S. DOD commands and allied nations across 74 countries.

Is this a new contract for HII or a contract extension?

This is a follow-on task order to HII's existing work under the Persistent Multi-Role Operations (PMRO) contract, but with added scope.