STOCK TITAN

HII and Ocean Aero to Partner on Advanced Unmanned Maritime Capabilities

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

HII (NYSE: HII) and Ocean Aero have entered a strategic agreement to enhance unmanned maritime platforms and autonomy software solutions. The collaboration aims to improve operational reach, duration, and sensor capabilities. Duane Fotheringham, president of HII’s Unmanned Systems division, emphasized the partnership's potential to advance U.S. Armed Forces capabilities. Both companies are engaged in various global initiatives, including recent exercises in the Arabian Gulf. HII is recognized for manufacturing the REMUS underwater vehicles, while Ocean Aero developed the TRITON, an environmentally powered vehicle for ocean data collection.

Positive
  • Strategic partnership with Ocean Aero aims to enhance unmanned maritime capabilities.
  • HII's REMUS vehicles have been in continuous operation since 2013, indicating reliability.
  • Collaboration is expected to address rising global maritime challenges.
Negative
  • None.

MCLEAN, Va. and GULFPORT, Miss., March 02, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) and Ocean Aero initiated a strategic agreement to advance the combined capabilities of their respective unmanned maritime platforms and autonomy software solutions. The unmanned solution providers recently commenced multiple, simultaneous efforts to enhance the operational reach and duration of the platforms, collaborative autonomy behaviors, shared sensor fusion and perception capabilities, and accelerated seabed-to-shore data transmission methods.

“We are pleased to partner with Ocean Aero to further expand the operational capabilities of the U.S. Armed Forces, partner nations and other maritime-focused commercial institutions,” said Duane Fotheringham, president of the Unmanned Systems business group at HII’s Mission Technologies division. “We are excited to combine the best of our individual products to deliver an exceptional suite of solutions to our customers.”

Kevin Decker, Ocean Aero chief executive officer, added: “This is the perfect time for us to partner with HII. With rising maritime challenges increasing worldwide, we need new capabilities to meet them. Incorporating our two firms’ autonomous vehicle value propositions will unlock new tools for our customers at home and abroad.”  

HII and Ocean Aero are involved in several unmanned maritime systems initiatives and exercises across the globe. Ocean Aero recently completed Digital Horizon, the U.S. Fifth Fleet Maritime Domain Awareness exercise in the Arabian Gulf, where HII’s REMUS vehicles (MK18 Mod 1 and MK18 Mod 2) have been deployed continuously since 2013. The HII-Ocean Aero team is already planning to demonstrate their combined capabilities at an upcoming event in the region, in addition to other planned events and exercises for U.S. and international partners.

HII is the preeminent unmanned underwater vehicle manufacturer and a pioneer in the UUV industry, continuously producing REMUS vehicles since the early 2000s. HII manufactures a full range of REMUS UUVs, from small to extra-large, with endurance ranging from several hours to months at depths down to 6,000 meters. More than 600 REMUS UUVs have been sold across the globe, with a majority of those still in operational use today. Additionally, HII’s Odyssey autonomy software solution offers scalable autonomy aligned with open architecture standards, including Unmanned Maritime Autonomy Architecture.

Ocean Aero pioneered the world’s first and only environmentally powered Autonomous Underwater and Surface Vehicle, the TRITON, which collects data both above and below the ocean’s surface and relays it to users from anywhere at any time. Dual modalities allow users to integrate a variety of sensor payloads and communications capabilities, expanding the ocean data collection possibilities and breaking paradigms created by manned platforms. Persistent collections and real-time data transmissions are feeding the most complex models for weather, climate and ocean health and creating transformational change in the maritime space.

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 please visit:

About Ocean Aero

Ocean Aero is headquartered in Gulfport, Mississippi, the heart of the Gulf Blue Economy. Proudly 100% made in the USA and with solely American investors, Ocean Aero is a team of nearly one hundred people who source our parts from the U.S. and our allies. Together with our partners in both academia and industry, we are committed to clean, rugged, and superior ocean data collection wherever it’s needed, whenever it’s needed. For more information please visit:

Contact:

Greg McCarthy
(202) 264-7126
gregory.J.mccarthy@hii-co.com


FAQ

What is the significance of the HII and Ocean Aero partnership?

The partnership aims to enhance unmanned maritime systems and address global maritime challenges.

What are HII's capabilities in unmanned systems?

HII is a leading manufacturer of unmanned underwater vehicles, notably the REMUS series.

How long have HII's REMUS vehicles been operational?

HII's REMUS vehicles have been operational since 2013.

What innovative technology does Ocean Aero provide?

Ocean Aero offers the TRITON, an autonomous vehicle that collects data above and below water.

How does the partnership impact U.S. Armed Forces capabilities?

The partnership is expected to expand operational capabilities for U.S. Armed Forces and allied nations.

Huntington Ingalls Industries, Inc.

NYSE:HII

HII Rankings

HII Latest News

HII Stock Data

7.66B
38.85M
0.62%
94.52%
2.14%
Aerospace & Defense
Ship & Boat Building & Repairing
Link
United States of America
NEWPORT NEWS