HII Awarded $3 Billion LOGIX Contract to Support National Defense
Rhea-AI Summary
HII's Mission Technologies division has secured a $3 billion LOGIX contract to provide strategic support to the U.S. Department of Defense (DOD) and its mission partners. The contract focuses on delivering logistics services, ISR operations, and next-generation technology aligned with the DOD's Joint All-Domain Command and Control (JADC2) strategy. This builds upon HII's decade-long experience with similar work for the U.S. Navy and Army's Fixed Wing. The contract aims to enhance joint force capabilities and accelerate solution implementation for national security initiatives globally.
Positive
- Secured major $3 billion contract with Department of Defense
- Expands existing relationship with DOD, building on decade-long experience
- Strategic alignment with DOD's JADC2 initiative enhances long-term business prospects
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, HII declined 26.16%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
HII will deliver logistics services, ISR operations and next-gen technology in support of JADC2 strategy
McLEAN, Va., Oct. 31, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a
The Logistics Services, ISR Operations and Next-Gen Technology (LOGIX) task order directly aligns with the DOD’s Joint All-Domain Command and Control (JADC2) strategy to deliver information and decision advantage to enhance U.S. national security.
“HII is committed to delivering exceptional all-domain solutions to facilitate innovation and advancements at the speed of relevance,” said Andy Green, executive vice president of HII and president of HII’s Mission Technologies division. “We’re pleased for the opportunity to expand our role in support of the warfighter and to continue our collaborative partnerships with teammates, technology accelerators and academia for national security initiatives around the globe.”
HII has performed similar work under several contracts with the U.S. Navy and the U.S. Army’s Fixed Wing for more than a decade.
“LOGIX positions our team to expand our support to mission partners globally, partnering with DOD to provide world-class intelligence, integrated logistics, and emerging technologies and solutions to enhance and inform our mission partners’ decision space in a multi-domain contested environment,” said Todd Gentry, president of Mission Technologies’ All-Domain Operations group. “We’re honored to have been selected and are ready to execute.”
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 Twitter: 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
FAQ
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