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HII is Awarded Contract to Develop High-Energy Laser Weapon System for the US Army

1. HII awarded contract for High-Energy Laser system to U.S. Army. 2. The system targets Groups 1-3 Unmanned Aircraft Systems. 3. HII aims to enhance Army's force protection and interoperability. 4. Prototyping to transition into low-rate initial production after testing. 5. HII emphasizes affordable and scalable defense solutions in its mission.

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FAQ

Why Bullish?

The contract aligns HII with significant defense spending, potentially increasing revenues similar to past military contracts.

How important is it?

The contract boosts HII's market position and aligns with defense growth trends, affecting stock performance directly.

Why Long Term?

Successful integration could lead to sustained defense contracts and continuous revenue streams.

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MCLEAN, Va., March 24, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was selected to develop an open architecture High-Energy Laser (HEL) weapon system for the U.S. Army’s Rapid Capabilities and Critical Technologies Office (RCCTO). HII will develop and test a HEL prototype to acquire, track and destroy Groups 1-3 Unmanned Aircraft Systems (UAS) used in multi-domain operations. The system will be capable of fixed-site defense and/or integration onto Army vehicles. “We are proud to provide a critical enabler for the Army, delivering an effective, interoperable, sustainable and scalable system that will meet force protection requirements and support U.S. strategic objectives,” said Grant Hagen, president of Mission Technologies’ Warfare Systems group. “We look forward to collaborating with the RCCTO on this important effort that will protect the warfighter with an affordable counter-UAS solution.” In addition to a HEL prototype system, HII will provide the data needed to compete subsystems and key components. Aligned to the system’s Modular Open Systems Approach architecture, this data directly supports Army’s objectives for interoperability, affordability, scalability, supply chain resilience and rapid innovation. The weapon system will allow the Army to interchange subsystems and software as the weapon evolves to meet national security demands. An image accompanying this release is available at: http://hii.com/news/hii-is-awarded-contract-to-develop-high-energy-laser-weapon-system-for-the-us-army/. The RCCTO awarded this Other Transaction agreement with the ultimate goal of transitioning to the U.S. Army’s Program Executive Office for Missiles and Space. As part of this process, HII’s prototype HEL will undergo field testing to evaluate its safety and operational suitability. Upon successful demonstration, the system is expected to transition into low-rate initial production. 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/TeamHIIHII on X: https://www.twitter.com/WeAreHIIHII on Instagram: https://www.instagram.com/WeAreHII Contact: Greg McCarthy(202) 264-7126gregory.j.mccarthy@hii-co.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f515400d-e855-4112-bccd-6758d1f6bde4

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