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HII is Awarded $826 Million Task Order to Deliver Decisive Mission Actions and Technology Services to U.S. Department of Defense

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HII (NYSE: HII) has secured the Decisive Mission Actions and Technology Services task order under a GSA contract, valued at up to $826 million. The contract encompasses technology development, integration, and operational support for the Department of Defense (DoD), with a performance period comprising a one-year base and four optional years. HII aims to enhance U.S. national security and support various military components. This award may boost HII's portfolio in defense technology services.

Positive
  • Awarded a significant contract valued at up to $826 million.
  • Contract supports multiple branches of the Department of Defense, enhancing HII's market position.
  • Potential for long-term revenue with a base year and four option years.
Negative
  • None.

MCLEAN, Va., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Global defense and technologies partner HII (NYSE: HII) has been awarded the Decisive Mission Actions and Technology Services task order under the General Services Administration One Acquisition Solution for Integrated Services multiple award, indefinite delivery/indefinite quantity contract. Support under this task order includes technology, development, integration, collaboration and sustainment support. It also includes threat and specialized analysis and analytics support, as well as operations integration and operational effects support.

This task order has a ceiling value of $826 million with a total period of performance consisting of a one-year base period and four, one-year option periods.

“Advancing U.S. national security is HII’s highest priority,” said Andy Green, president of HII’s Mission Technologies division. “We are proud to partner with the Department of Defense and its mission partners to deliver critical integrated technology services to counter and deter current and emerging global threats.”

HII

A photo accompanying this release is available at: https://hii.com/news/hii-decisive-mission-actions-dod.

Under this task order, HII’s Mission Technologies division will support all DOD service components, component research labs, components of the DOD Fourth Estate, National Intelligence Agencies and Combatant Commands.

“The award of this task order further accelerates HII’s ability to support DOD in developing the next generation of technology innovation,” said Garry Schwartz, president of HII’s C5ISR business group. “We look forward to providing the department integrated services to solve the most challenging security threats facing our nation.”

About HII

HII is an all-domain defense and technologies partner, recognized worldwide as America’s largest shipbuilder. With a 135-year history of trusted partnerships in advancing U.S. national security, HII delivers critical capabilities ranging from the most powerful and survivable naval ships ever built, to unmanned systems, ISR and AI/ML analytics. HII leads the industry in mission-driven solutions that support and enable an all-domain force. Headquartered in Virginia, HII’s skilled workforce is 44,000 strong. For more information, visit:

Contact:
Greg McCarthy
202.302.1202
gregory.j.mccarthy@hii-co.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/63502672-8e68-4793-bacc-fd3d76c4f5d5


FAQ

What is the value of HII's recent contract award?

HII has been awarded a contract valued at up to $826 million.

How long is the performance period for HII's recent task order?

The task order includes a one-year base period and four one-year option periods.

Which department is HII supporting with its new contract?

HII is supporting the Department of Defense (DoD) with integrated technology services.

What services will HII provide under the Decisive Mission Actions task order?

HII will provide technology development, integration, and operational support.

What impact does the contract have on HII's business?

The contract could significantly boost HII's revenue and strengthen its position in defense technology services.

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