ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

HII is Awarded $79 Million Missile Defense Agency Technical Services Contract

By: via GlobeNewswire

MCLEAN, Va., Oct. 30, 2023 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a $79 million contract to support the Missile Defense Agency’s (MDA) mission to develop, test and field a missile defense system that will protect the U.S. and its allies against enemy ballistic missile attacks.

The HII-led team will support MDA leadership on strategic, technical, programmatic, operational, policy and organizational matters regarding the integrated, layered missile defense system. The team will also provide engineering and technical support; management and professional services; and studies, analyses and evaluations.

“We have assembled a highly experienced team that is committed to supporting the MDA in its important mission to defend the U.S. and its allies against a complex missile threat,” said Jeff Showalter, vice president of Weapons and Space Systems within HII’s Cyber, Electronic Warfare and Space business group. “As the MDA responds to the ever-changing threat environment, we will adapt to our customer’s needs to ensure a successful outcome.”

The contract has a seven-year period of performance with a two-year base. The work will be performed in Fort Belvoir, Virginia; Huntsville, Alabama; and Colorado Springs, Colorado.

HII has performed similar work for the MDA since 2018 under a previously awarded contract.

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 43,000 strong. For more information, visit:

Contact:
Greg McCarthy
(202) 264-7126
gregory.j.mccarthy@hii-co.com


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.