StockNews.AI
HII
StockNews.AI
148 days

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

1. HII will develop a High-Energy Laser weapon for the U.S. Army. 2. The HEL system can track and destroy unmanned aircraft systems effectively. 3. HII's solution aims for interoperability and scalability in defense operations. 4. Successful testing may lead to low-rate initial production for the Army. 5. HII supports U.S. strategic objectives through advanced defense technologies.

4m saved
Insight
Article

FAQ

Why Bullish?

The contract enhances HII's position in defense technologies, which historically boosts stock prices, evidenced by prior successful defense contracts.

How important is it?

The HEL project represents significant revenue potential and aligns with strategic military goals, enhancing HII’s future projections.

Why Long Term?

Long-term production contracts often yield sustained revenue, similar to past contracts that generated consistent cash flow for HII.

Related Companies

NOCLMTGD
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

Related News