HII’s Mission Technologies Division Announces New Operating Model for Long-Term Business Growth
HII's Mission Technologies division announced a reorganization from six to four operational groups, effective October 28, 2024. The new structure includes: All-Domain Operations (led by Todd Gentry), Global Security (led by Michael Lempke), Warfare Systems (led by Grant Hagen), and Uncrewed Systems (led by Duane Fotheringham). The division reported strong financial performance with $2.7 billion in revenues for 2023, showing 13% organic growth, and $1.5 billion in revenue for H1 2024, representing a 19% organic growth increase year-over-year.
La divisione Mission Technologies di HII ha annunciato una riorganizzazione da sei a quattro gruppi operativi, con effetto dal 28 ottobre 2024. La nuova struttura comprende: Operazioni su Tutti i Domini (guidata da Todd Gentry), Sicurezza Globale (guidata da Michael Lempke), Sistemi di Guerra (guidata da Grant Hagen) e Sistemi Senz'Equipaggio (guidata da Duane Fotheringham). La divisione ha registrato un forte rendimento finanziario con $2,7 miliardi di ricavi per il 2023, mostrando una crescita organica del 13%, e $1,5 miliardi di ricavi per il primo semestre del 2024, rappresentando un aumento della crescita organica del 19% anno su anno.
La división Mission Technologies de HII anunció una reorganización de seis a cuatro grupos operativos, que entrará en vigor el 28 de octubre de 2024. La nueva estructura incluye: Operaciones en Todos los Dominios (dirigida por Todd Gentry), Seguridad Global (dirigida por Michael Lempke), Sistemas de Guerra (dirigida por Grant Hagen) y Sistemas No Tripulados (dirigida por Duane Fotheringham). La división informó sobre un sólido rendimiento financiero con $2.7 mil millones en ingresos para 2023, mostrando un crecimiento orgánico del 13%, y $1.5 mil millones en ingresos para el primer semestre de 2024, lo que representa un aumento del 19% en el crecimiento orgánico interanual.
HII의 Mission Technologies 부서는 2024년 10월 28일부터 6개 운영 그룹을 4개로 재편성한다고 발표했습니다. 새로운 구조는 전 도메인 운영 (Todd Gentry가 이끌고), 글로벌 보안 (Michael Lempke가 이끌고), 전투 시스템 (Grant Hagen이 이끌고) 및 무인 시스템 (Duane Fotheringham이 이끌고) 포함됩니다. 이 부서는 2023년 총 $27억의 수익을 보고하며, 13%의 유기적 성장을 보였고, 2024년 상반기에는 $15억의 수익을 기록하며, 전년 대비 19%의 유기적 성장 증가를 나타냈습니다.
La division Mission Technologies de HII a annoncé une réorganisation qui passe de six à quatre groupes opérationnels, prenant effet le 28 octobre 2024. La nouvelle structure comprend : Opérations Multidomaines (dirigée par Todd Gentry), Sécurité Globale (dirigée par Michael Lempke), Systèmes de Guerre (dirigée par Grant Hagen) et Systèmes Non Pilotés (dirigée par Duane Fotheringham). La division a rapporté de solides performances financières avec 2,7 milliards de dollars de revenus pour 2023, affichant une croissance organique de 13 %, et 1,5 milliard de dollars de revenus pour le premier semestre de 2024, représentant une augmentation de 19 % de la croissance organique d'une année sur l'autre.
Die Mission Technologies Abteilung von HII hat eine Reorganisation von sechs auf vier Betriebseinheiten angekündigt, die am 28. Oktober 2024 wirksam wird. Die neue Struktur umfasst: All-Domain-Operationen (unter der Leitung von Todd Gentry), Globale Sicherheit (unter der Leitung von Michael Lempke), Kriegsführungssysteme (unter der Leitung von Grant Hagen) und Unbemannte Systeme (unter der Leitung von Duane Fotheringham). Die Abteilung berichtete über eine starke Finanzleistung mit 2,7 Milliarden US-Dollar an Einnahmen für 2023, was einem organischen Wachstum von 13 % entspricht, sowie 1,5 Milliarden US-Dollar an Einnahmen für das erste Halbjahr 2024, was einen Anstieg des organischen Wachstums von 19 % im Vergleich zum Vorjahr darstellt.
- Revenue growth of 13% in 2023, reaching $2.7 billion
- Strong H1 2024 performance with $1.5 billion revenue, up 19% YoY
- Organizational restructuring aimed at optimizing operations and growth
- None.
Insights
The reorganization of HII's Mission Technologies division represents a strategic realignment to streamline operations and capitalize on strong growth momentum. The consolidation from six to four operational groups, coupled with impressive revenue figures showing
The new structure focuses on key defense technology sectors - All-Domain Operations, Global Security, Warfare Systems and Uncrewed Systems - positioning HII to better compete in high-growth areas like autonomous systems, cybersecurity and electronic warfare. With
The standardized operating model with specialized leadership roles should improve operational efficiency and accelerate decision-making processes. This restructuring appears well-timed to capture additional market share in the expanding defense technology sector.
MCLEAN, Va., Oct. 25, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced that its Mission Technologies division will consolidate its six operational groups into four. The changes are designed to optimize the division for continued long-term growth.
Effective Monday, Oct. 28, the division will reorganize into the following groups:
- All-Domain Operations, led by Todd Gentry, comprises C5ISR operations; platforms and logistics support; and intelligence analysis.
- Global Security, led by Michael Lempke, comprises live, virtual, constructive (LVC) solutions; fleet sustainment; nuclear and environmental services; and Australia business.
- Warfare Systems, led by Grant Hagen, comprises cyber and mission IT; electronic warfare; and C5ISR systems.
- Uncrewed Systems, led by Duane Fotheringham, comprises unmanned underwater vehicles (UUVs), unmanned surface vehicles (USVs) and autonomy software.
Mission Technologies also will align the four groups to a common operating model with specialized roles: operations leader, growth leader, portfolio leader(s) and quality leader.
“I’m confident these changes will make us even more competitive, improve the quality of our services for our customers, and ensure the long-term health of our business,” said Andy Green, executive vice president of HII and president of Mission Technologies.
Mission Technologies reported
“Our growth is unprecedented within HII — but not unexpected,” Green said. “We’ve planned and executed to get to where we are today. It’s up to us to reinvent ourselves for what lies ahead. We are already well on our way.”
For bios of Andy Green and the Mission Technologies Leadership team, visit: https://hii.com/who-we-are/leadership/mission-technologies-leadership/.
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
Contact:
Greg McCarthy
(202) 264-7126
gregory.j.mccarthy@hii-co.com
FAQ
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