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HII to Expand Shipboard and Shore-Based Training Support for the U.S. Navy and Coalition Forces

1. HII awarded a $147 million contract for U.S. Navy training services. 2. Contract spans five years and includes comprehensive engineering support. 3. Tasks cover hardware/software installation, certification, and lifecycle sustainment. 4. This contract enhances HII's relationship with the Navy. 5. Work will be performed at multiple locations domestically and overseas.

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Why Bullish?

This $147 million contract indicates strong demand for HII’s defense services. Similar contracts in the past have positively influenced stock performance.

How important is it?

The sizable contract reflects HII's market share and potential revenue growth, crucial for investor confidence.

Why Long Term?

The five-year duration of the contract provides revenue stability and enhances HII's growth trajectory in defense sector.

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MCLEAN, Va., March 18, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a $147 million contract to support shipboard and shore-based combat training services for the U.S. Navy. Under the five-year task order, HII will provide engineering support for every aspect of training systems under the U.S. Naval Surface Warfare Center Dahlgren Division, Dam Neck Activity (NSWCDD DNA), including associated hardware, software, subsystems and elements. Tasks will range from integrated training system hardware and software installation, system certification and testing to troubleshooting, repair and lifecycle sustainment. “Providing full-cycle support for U.S. Navy, joint, coalition and Department of Defense training systems requires a seamless, well-orchestrated approach and close collaboration with the Navy customer to make sure we’re providing the best quality service possible,” said Michael Lempke, president of Mission Technologies’ Global Security group. “We look forward to expanding our relationship with NSWCDD DNA and ensuring our military fleets remain mission-ready through warfare systems superiority.” HII supports the U.S. naval fleet across various bases and operational theaters worldwide. A photo accompanying this release is available at: http://hii.com/news/hii-to-expand-shipboard-and-shore-based-training-support-for-the-u-s-navy-and-coalition-forces/. The company was awarded this task order under the SeaPort Next Generation multiple award contract indefinite delivery/indefinite quantity vehicle. Work will be performed at multiple locations in the U.S. and overseas. 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/fbca9a37-0f5a-4757-a5fb-25a728e0012a

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