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  4. [8-K] Hyliion Holdings Corp. Reports Material Event

Hyliion wins $42M Navy power systems contract

Hyliion Holdings Corp. has been awarded a cost-plus-fixed-fee contract by the Office of Naval Research valued at approximately $42 million to support the High Efficiency/Low Maintenance Ultra Reliable ("HELMUR") Megawatt Scale Power Generation Units program.

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Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Hyliion Holdings Corp. has been awarded a cost-plus-fixed-fee contract by the Office of Naval Research valued at approximately $42 million to support the High Efficiency/Low Maintenance Ultra Reliable ("HELMUR") Megawatt Scale Power Generation Units program. Hyliion will design, develop, build, test, and deliver 2‑megawatt and 3‑megawatt power generation units under this award.

The work will be performed primarily in Cedar Park, Texas and is expected to be completed by July 2029. The contract has a 36‑month base period with no option periods, funded using fiscal year 2025 and 2026 Navy Research, Development, Test and Evaluation appropriations and awarded under ONR’s Long Range Broad Agency Announcement BAA No. N00014-25-S-B001.

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Filing Explained

The approximately $42 million award was funded at award and creates a work commitment extending through July 2029.

A Form 8-K reports specified material events and identifies their event category. Hyliion reports an awarded contract with approximately $42 million of cumulative value, and states that funding was obligated when the award was made, creating a funded work commitment expected to run through July 2029.

The contract is a cost-plus-fixed-fee arrangement for designing, developing, building, testing, and delivering 2-megawatt and 3-megawatt power-generation units. It also covers technology development, supply-chain risk reduction related to magnets, and further additive-manufacturing work.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Contract value approximately $42 million Total value of ONR cost-plus-fixed-fee HELMUR contract
Power unit capacity (smaller) 2-megawatt Capacity of one class of HELMUR power generation unit
Power unit capacity (larger) 3-megawatt Capacity of second class of HELMUR power generation unit
Base period length 36-month Length of contract base period with no option periods
Expected completion July 2029 Expected completion date for HELMUR contract work
Funding fiscal years fiscal year 2025 and fiscal year 2026 Navy RDT&E appropriations obligated at time of award
cost-plus-fixed-fee contract financial
"awarded a cost-plus-fixed-fee contract by the Office of Naval"
Office of Naval Research regulatory
"contract by the Office of Naval Research ("ONR") with a total"
High Efficiency/Low Maintenance Ultra Reliable technical
"supports the High Efficiency/Low Maintenance Ultra Reliable ("HELMUR")"
Long Range Broad Agency Announcement regulatory
"under its Long Range Broad Agency Announcement (BAA No. N00014-25-S-B001)"
Research, Development, Test and Evaluation appropriations regulatory
"using fiscal year 2025 and fiscal year 2026 Navy Research, Development, Test and Evaluation appropriations"
additive manufacturing processes technical
"and further develop additive manufacturing processes."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What contract did Hyliion (HYLN) announce receiving from the Office of Naval Research?
Hyliion announced a cost-plus-fixed-fee contract from the Office of Naval Research valued at approximately $42 million. The award supports the HELMUR Megawatt Scale Power Generation Units program, involving design, development, testing, and delivery of 2‑megawatt and 3‑megawatt power units.

What technology will Hyliion (HYLN) develop under the HELMUR program contract?
Hyliion will design, develop, build, test, and deliver 2‑megawatt and 3‑megawatt power generation units for the HELMUR program. The work also advances core technology, alternative core components, magnet supply chain risk reduction, and additive manufacturing processes for these megawatt-scale systems.

What is the duration and expected completion date of Hyliion’s (HYLN) Navy contract?
The contract has a 36‑month base period with no option periods and work is expected to be completed by July 2029. This timeline covers design, development, testing, and delivery of the HELMUR power generation units to the Office of Naval Research.

Where will Hyliion (HYLN) perform the HELMUR contract work?
Work under the HELMUR contract will be performed primarily in Cedar Park, Texas. Activities there will include designing, building, testing, and delivering the 2‑megawatt and 3‑megawatt power generation units, as well as advancing core technology and additive manufacturing processes.

How is the Hyliion (HYLN) HELMUR contract funded by the U.S. Navy?
Funding for the HELMUR contract has been obligated at award using fiscal year 2025 and fiscal year 2026 Navy Research, Development, Test and Evaluation appropriations. The contract, valued at approximately $42 million, was awarded under ONR’s Long Range Broad Agency Announcement.

Under what solicitation was Hyliion’s (HYLN) HELMUR contract awarded?
The HELMUR contract was awarded by the Office of Naval Research under its Long Range Broad Agency Announcement, identified as BAA No. N00014-25-S-B001. This framework supports research and development initiatives such as Hyliion’s megawatt-scale power generation units.

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0001759631FALSE00017596312026-07-212026-07-21


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 21, 2026
HYLIION HOLDINGS CORP.
(Exact name of registrant as specified in its charter)
Delaware001-3882383-2538002
(State or Other Jurisdiction
of Incorporation)		(Commission File Number)(I.R.S. Employer
Identification No.)
1202 BMC Drive, Suite 100
Cedar Park,TX
78613
(Address of principal executive offices)(Zip Code)
(833) 495-4466
(Registrant’s telephone number,
including area code)
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240-13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Common Stock, $0.0001 par value per shareHYLNNYSE American LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b–2 of the Securities Exchange Act of 1934 (§240.12b–2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 8.01    Other Events.
On July 22, 2026, Hyliion Holdings Corp. (the "Company") announced that it had been awarded a cost-plus-fixed-fee contract by the Office of Naval Research ("ONR") with a total contract value of approximately $42 million.
The contract supports the High Efficiency/Low Maintenance Ultra Reliable ("HELMUR") Megawatt Scale Power Generation Units program. Under the contract, the Company will design, develop, build, test, and deliver 2-megawatt and 3-megawatt power generation units to ONR. The contract also includes work to advance the Company's core technology, develop alternative core components to enhance system capabilities, reduce supply chain risk relating to magnet availability, and further develop additive manufacturing processes.
Work under the contract will be performed primarily in Cedar Park, Texas and is expected to be completed by July 2029.
The contract has a cumulative value of approximately $42 million, consisting of a 36-month base period with no option periods. The funding for the contract has been obligated at the time of award using fiscal year 2025 and fiscal year 2026 Navy Research, Development, Test and Evaluation appropriations.
The contract was awarded by the Office of Naval Research under its Long Range Broad Agency Announcement (BAA No. N00014-25-S-B001).


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused the report to be signed on its behalf by the undersigned hereunto duly authorized.
 HYLIION HOLDINGS CORP.
   
 By:/s/ Thomas Healy
Date:July 23, 2026 Thomas Healy
  Chief Executive Officer

Source: View Original Filing on SEC EDGAR

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