HII is Awarded $209 Million Contract to Support U.S. Air Force Weapons Systems Development and Sustainment
HII (NYSE: HII) has secured a $209 million contract through its Mission Technologies division to support the U.S. Air Force's fighter and bomber weapons systems development and sustainment. The five-year task order involves research and analysis to aid the USAF's weapons systems development, sustainment, and long-term strategy. HII will support the Air Force Fighters and Advanced Aircraft and Bomber Directorates, ensuring effective operation across various warfighting scenarios.
The contract, awarded by the Department of Defense Information Analysis Center (IAC), will see work performed at Wright-Patterson, Tinker, Robins, and Hill Air Force bases. This initiative aims to enhance the Defense Technical Information Center repository and contribute to R&D and science and technology advancements.
HII (NYSE: HII) ha ottenuto un contratto di 209 milioni di dollari attraverso la sua divisione Mission Technologies per supportare lo sviluppo e il mantenimento dei sistemi d'arma per i caccia e i bombardieri dell'Air Force statunitense. L'ordine di lavoro quinquennale prevede ricerche e analisi per assistere lo sviluppo, il mantenimento e la strategia a lungo termine dei sistemi d'arma dell'USAF. HII supporterà le Direzioni Caccia e Aeromobili Avanzati e Bombardieri dell'Air Force, garantendo un'operatività efficace in vari scenari di combattimento.
Il contratto, assegnato dal Center for Information Analysis del Dipartimento della Difesa (IAC), prevede lavori presso le basi aeree di Wright-Patterson, Tinker, Robins e Hill. Questa iniziativa mira a migliorare il repository del Defense Technical Information Center e contribuire ai progressi nella R&D e nelle scienze e tecnologie.
HII (NYSE: HII) ha obtenido un contrato de 209 millones de dólares a través de su división de Mission Technologies para apoyar el desarrollo y mantenimiento de los sistemas de armas de caza y bombardeo de la Fuerza Aérea de EE. UU.. La orden de trabajo de cinco años implica investigación y análisis para ayudar al desarrollo, mantenimiento y estrategia a largo plazo de los sistemas de armas de la USAF. HII apoyará a las Direcciones de Cazas y Aeronaves Avanzadas y Bombarderos de la Fuerza Aérea, garantizando una operación efectiva en diversos escenarios de combate.
El contrato, otorgado por el Centro de Análisis de Información del Departamento de Defensa (IAC), verá trabajo realizado en las bases aéreas de Wright-Patterson, Tinker, Robins y Hill. Esta iniciativa tiene como objetivo mejorar el repositorio del Defense Technical Information Center y contribuir a los avances en I+D y ciencia y tecnología.
HII (NYSE: HII)는 2억 9백만 달러 계약을 미션 기술 부서를 통해 체결하여 미국 공군의 전투기 및 폭격기 무기 시스템 개발 및 유지 보수를 지원합니다. 이 5년 간의 작업 명령은 USAF의 무기 시스템 개발, 유지 보수 및 장기 전략을 지원하기 위해 연구 및 분석을 포함합니다. HII는 공군 전투기 및 고급 항공기 및 폭격기 국장을 지원하여 다양한 전투 시나리오에서 효과적인 작전을 보장합니다.
이 계약은 국방부 정보 분석 센터(IAC)에 의해 수여되었으며 Wright-Patterson, Tinker, Robins 및 Hill 공군 기지에서 작업이 수행됩니다. 이 이니셔티브는 국방 기술 정보 센터의 저장소를 개선하고 연구 및 개발 및 과학 기술 발전에 기여하는 것을 목표로 합니다.
HII (NYSE: HII) a obtenu un contrat de 209 millions de dollars par le biais de sa division Mission Technologies pour soutenir le développement et la maintenance des systèmes d'armement des chasseurs et des bombardiers de l'Armée de l'air américaine. L'ordre de travail de cinq ans implique des recherches et des analyses pour aider au développement, à la maintenance et à la stratégie à long terme des systèmes d'armement de l'USAF. HII soutiendra les directeurs des chasseurs et des avions avancés et des bombardiers de l'Armée de l'air, en garantissant un fonctionnement efficace dans divers scénarios de combat.
Le contrat, attribué par le Centre d'analyse d'information du ministère de la Défense (IAC), prévoit des travaux réalisés sur les bases aériennes de Wright-Patterson, Tinker, Robins et Hill. Cette initiative vise à améliorer le répertoire du Defence Technical Information Center et à contribuer aux avancées en R&D ainsi qu'en sciences et technologies.
HII (NYSE: HII) hat einen Vertrag über 209 Millionen Dollar über seine Abteilung Mission Technologies gewonnen, um die Entwicklung und den Erhalt der Waffensysteme von Kämpfern und Bombern der US-Luftwaffe zu unterstützen. Der fünfjährige Auftragsauftrag umfasst Forschung und Analyse, um die Entwicklung, den Erhalt und die langfristige Strategie der Waffensysteme der USAF zu fördern. HII wird die Direktionen für Luftwaffenjäger und fortschrittliche Flugzeuge sowie Bomber der Luftwaffe unterstützen und damit eine effektive Operation in verschiedenen Gefechtszenarien gewährleisten.
Der Vertrag, der vom Informationsanalysezentrum des Verteidigungsministeriums (IAC) verliehen wurde, sieht Arbeiten an den Luftwaffenstützpunkten Wright-Patterson, Tinker, Robins und Hill vor. Diese Initiative hat zum Ziel, das Repository des Defense Technical Information Center zu verbessern und zur Forschung und Entwicklung sowie zu Fortschritten in Wissenschaft und Technologie beizutragen.
- Secured a substantial $209 million contract
- Five-year duration provides long-term revenue stability
- Expands HII's role in critical U.S. Air Force projects
- Strengthens position in defense technology and R&D sector
- None.
HII's recent
Investors should note that this contract enhances HII's revenue visibility and potentially improves its profit margins, as research and analysis work typically carries higher margins than manufacturing. Moreover, this win could lead to follow-on opportunities and strengthen HII's relationship with the Air Force, potentially opening doors for larger contracts in the future.
While positive, this news alone is unlikely to cause a significant stock price movement. However, it contributes to HII's overall growth strategy and reinforces its position in the competitive defense market.
This contract award highlights the critical role HII plays in maintaining and advancing the U.S. Air Force's combat capabilities. The focus on fighter and bomber weapons systems is particularly noteworthy, as these platforms form the backbone of the USAF's striking power. HII's involvement in research and analysis for these systems indicates a deep level of trust from the military in the company's expertise.
The mention of supporting long-term strategy suggests that HII will be involved in shaping the future of air combat systems. This could include work on next-generation fighters, hypersonic weapons integration, or advanced electronic warfare systems. The contract's scope, covering multiple Air Force bases, indicates a comprehensive approach to weapons system development and sustainment.
For investors, this contract signals HII's strong position in high-tech defense work, which often leads to long-term, high-value relationships with military clients. It also demonstrates HII's ability to compete successfully in the lucrative and strategically important field of advanced military technology.
The contract awarded to HII underscores the ongoing modernization efforts within the U.S. Air Force. By focusing on both fighters and bombers, the Air Force is maintaining a balanced approach to its airpower strategy, ensuring readiness across various mission profiles. The emphasis on cross-service operability and support for partner nations indicates a push towards greater interoperability in coalition warfare scenarios.
HII's role in optimizing the development, fielding and maintenance of these platforms is important for maintaining the USAF's technological edge. The focus on ensuring systems are "mission-capable anytime, anywhere" reflects the Air Force's commitment to global reach and rapid response capabilities. This aligns with the broader U.S. defense strategy of maintaining superiority across multiple domains.
For investors, this contract signals HII's deep involvement in critical national security programs. The company's work will likely influence long-term defense planning and procurement decisions, potentially leading to additional opportunities in the defense sector. However, investors should also be aware of the inherent risks associated with government contracts, including potential budget cuts or shifts in defense priorities.
MCLEAN, Va., Aug. 12, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a
Under the five-year task order, HII will provide support to the U.S. Air Force Fighters and Advanced Aircraft and Bomber Directorates’ efforts to provide the USAF, other U.S. military branches and partner nations with fighter and bomber weapons systems that operate effectively across various warfighting scenarios.
“HII is excited to build upon our Air Force Life Cycle Management Center work, helping to optimize the customer’s approach to developing, fielding and maintaining fighter and bomber platforms and subsystems to maximize their readiness and lethality,” said Grant Hagen, president of Mission Technologies’ Cyber, Electronic Warfare and Space (CEWS) business unit.
“Weapons systems need to be developed and maintained at a level that ensures they are mission-capable anytime, anywhere and meet the evolving needs of the Air Force, Joint services and coalition partners,” said Eric Wright, vice president of CEWS operations.
A photo accompanying this release is available at: https://hii.com/news/hii-is-awarded-209-million-contract-to-support-u-s-air-force-weapons-systems-development-and-sustainment/.
The Department of Defense Information Analysis Center (IAC) multiple award contract (MAC) was issued by the Air Force Life Cycle Management Center. IAC MAC task orders are awarded by the U.S. Air Force's 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the Defense Technical Information Center repository and the research and development and science and technology community.
Work will be performed at Wright-Patterson, Tinker, Robins and Hill Air Force bases.
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
The DoD IAC, sponsored by the Defense Technical Information Center, provides technical data management and research support for DoD and federal government users. Established in 1946, the IAC program serves the DoD science and technology and acquisition communities to drive innovation and technological developments by enhancing collaboration through integrated scientific and technical information development and dissemination for the DoD and broader science and technology community.
This material is based upon work supported by the DoD Information Analysis Center Program (DoD IAC), sponsored by the Defense Technical Information Center (DTIC) under Contract No. FA807518D0002.
Approved for Public Release, Distribution Unlimited. Any opinions, findings and conclusions or recommendations expressed in this material are those of the author(s) and do not necessarily reflect the views of the DoD.
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/2c5ccdc5-112c-4299-aad3-f1715ba199e3
FAQ
What is the value of HII's new contract with the U.S. Air Force?
How long is the duration of HII's new Air Force contract?
What specific Air Force departments will HII be supporting under this contract?
Where will the work for HII's new Air Force contract be performed?
