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HII Awarded $3 Billion LOGIX Contract to Support National Defense

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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.

La divisione Tecnologie di Missione di HII ha ottenuto un contratto LOGIX da 3 miliardi di dollari per fornire supporto strategico al Dipartimento della Difesa degli Stati Uniti (DOD) e ai suoi partner di missione. Il contratto si concentra sulla fornitura di servizi logistici, operazioni ISR e tecnologie di nuova generazione allineate con la strategia Joint All-Domain Command and Control (JADC2) del DOD. Questo si basa sull'esperienza decennale di HII con lavori simili per la Marina e l'Esercito degli Stati Uniti nel settore degli aerei a partire fissi. L'obiettivo del contratto è migliorare le capacità delle forze congiunte e accelerare l'implementazione di soluzioni per le iniziative di sicurezza nazionale a livello globale.

La división de Tecnologías de Misión de HII ha asegurado un contrato LOGIX de 3 mil millones de dólares para proporcionar apoyo estratégico al Departamento de Defensa de los Estados Unidos (DOD) y a sus socios de misión. El contrato se centra en la entrega de servicios logísticos, operaciones ISR y tecnologías de próxima generación alineadas con la estrategia Joint All-Domain Command and Control (JADC2) del DOD. Esto se basa en la experiencia de una década de HII en trabajos similares para la Marina y el Ejército de los Estados Unidos en aeronaves de ala fija. El contrato tiene como objetivo mejorar las capacidades de la fuerza conjunta y acelerar la implementación de soluciones para iniciativas de seguridad nacional a nivel mundial.

HII의 미션 기술 부서는 미국 국방부(DOD) 및 그 미션 파트너에게 전략 지원을 제공하기 위해 30억 달러 LOGIX 계약을 체결했습니다. 이 계약은 DOD의 Joint All-Domain Command and Control (JADC2) 전략에 맞춰 물류 서비스, ISR 운영 및 차세대 기술을 제공하는 데 중점을 두고 있습니다. 이는 미국 해군과 육군의 고정익 항공기와 유사한 작업에 대한 HII의 10년간의 경험을 바탕으로 합니다. 이 계약의 목표는 공동군 역량을 강화하고 글로벌 국가 안보 이니셔티브를 위한 솔루션 구현을 가속화하는 것입니다.

La division Technologies de Mission de HII a acquis un contrat LOGIX de 3 milliards de dollars pour fournir un soutien stratégique au Département de la Défense des États-Unis (DOD) et à ses partenaires de mission. Ce contrat se concentre sur la fourniture de services logistiques, d'opérations ISR et de technologies de nouvelle génération alignées sur la stratégie Joint All-Domain Command and Control (JADC2) du DOD. Cela s'appuie sur l'expérience de plus de dix ans d'HII dans des travaux similaires pour la Marine et l'Armée des États-Unis concernant les avions à voilure fixe. L'objectif du contrat est d'améliorer les capacités des forces conjointes et d'accélérer la mise en œuvre de solutions pour les initiatives de sécurité nationale à l'échelle mondiale.

Die Abteilung für Missionstechnologien von HII hat einen 3-Milliarden-Dollar-LOGIX-Vertrag gesichert, um strategische Unterstützung für das US-Verteidigungsministerium (DOD) und seine Partner zu leisten. Der Vertrag konzentriert sich auf die Bereitstellung von Logistikdiensten, ISR-Operationen und Technologien der nächsten Generation, die mit der Joint All-Domain Command and Control (JADC2)-Strategie des DOD übereinstimmen. Dies baut auf der jahrzehntelangen Erfahrung von HII mit ähnlichen Arbeiten für die US Navy und die Army im Bereich der Festflügler auf. Ziel des Vertrags ist es, die Fähigkeiten der gemeinsamen Streitkräfte zu verbessern und die Umsetzung von Lösungen für nationale Sicherheitsinitiativen weltweit zu beschleunigen.

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.

Insights

The $3 billion LOGIX contract represents a significant win for HII, strengthening its position in the defense technology sector. This multi-year award will provide stable, long-term revenue and enhances HII's footprint in strategic defense operations. The contract's focus on JADC2 strategy is particularly noteworthy as it places HII at the forefront of the Pentagon's priority initiative for military modernization.

Building on HII's decade-long experience with the Navy and Army, this contract expands their service offering into integrated logistics and emerging technologies. The scope encompasses critical areas including logistics services, ISR operations and next-generation technology development - all essential components for modern military operations. For investors, this represents approximately 30% of HII's current market cap, indicating a substantial boost to the company's order backlog and future revenue streams.

The LOGIX contract's alignment with JADC2 strategy positions HII strategically in the military's digital transformation efforts. The focus on all-domain operations and decision advantage capabilities reflects the DOD's push toward integrated battlefield systems. This contract demonstrates HII's technical capabilities in delivering complex, interconnected solutions that meet evolving defense requirements.

The partnership aspects with technology accelerators and academia suggest potential for innovation and intellectual property development, which could lead to additional contract opportunities. The global scope of this initiative indicates potential for international expansion and additional revenue streams through foreign military sales and partnerships.

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 $3 billion contract to provide strategic-level support to the U.S. Department of Defense (DOD) and its mission partners to enhance joint force capabilities and accelerate the application of solutions.

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:

Contact:

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


FAQ

What is the value of HII's new LOGIX contract with the Department of Defense?

HII (NYSE: HII) was awarded a $3 billion LOGIX contract to provide strategic-level support to the U.S. Department of Defense.

What services will HII provide under the LOGIX contract?

Under the LOGIX contract, HII will provide logistics services, ISR operations, and next-generation technology in support of the DOD's JADC2 strategy.

How long has HII been providing similar services to the U.S. military?

HII has been performing similar work under contracts with the U.S. Navy and the U.S. Army's Fixed Wing for more than a decade.

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