Aerospace Group:

Business/Financial

Huntington Ingalls To Gain Share Of Small, Medium UUV Market With Hydroid Deal

By Cal Biesecker

Tuesday, February 4th, 2020

SHARE:

Huntington Ingalls To Gain Share Of Small, Medium UUV Market With Hydroid Deal

Remus 600 medium unmanned underwater vehicle being carried on stern of a small patrol craft. (Photo: Hydroid Inc., now a division of HII)

Huntington Ingalls Industries [HII] on Tuesday said it has agreed to acquire Hyrdroid Inc. for $350 million in cash, adding field-proven products and know-how in small and medium autonomous unmanned underwater vehicles (UUVs) to go with its existing capabilities in large and extra-large UUVs. Hydroid, which is based in Massachusetts, has about 230 employees and about $98 million in annual sales. The business is currently owned by Kongsberg Maritime, part of Norway’s Kongsberg Gruppen aerospace, defense and maritime company. Hydroid’s…

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]