ETFOptimize | High-performance ETF-based Investment Strategies

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


ETFOptimize | HOME
Close Window

HII One of 37 Companies Awarded $32.5 Billion U.S. Air Force Training Systems Acquisition IV Contract

By: via GlobeNewswire

McLEAN, Va., June 13, 2023 (GLOBE NEWSWIRE) -- HII’s (NYSE: HII) Mission Technologies division was one of 37 companies awarded the U.S. Air Force Training Systems Acquisition (TSA) IV contract. The indefinite delivery, indefinite quantity (IDIQ), multiple-award contract has a 10-year ordering period with a potential value of $32.5 billion.

“Ensuring warfighters can ‘train like they fight’ has been the foundation of HII’s live, virtual, constructive (LVC) solutions for more than 20 years,” said Andy Green, president of Mission Technologies. “This contract further expands the opportunity for HII to provide the U.S. Air Force with crucial training systems and support for the mission.”

Under the TSA IV contract, HII will have the opportunity to provide analysis, design, development, production, installation, integration, test, database generation and sustainment to address requirements unique to each platform’s mission and unique training needs.

“Readiness is identified as one of the Secretary of the Air Force’s (SECAF) top 7 Operational Imperatives, and readiness requires optimal warfighter training,” said Glenn Goodman, president of Mission Technologies’ LVC Solutions business group. “Our team has the expertise to optimize systems and platforms to provide aircrews with the most realistic training environments that prepare them for any situation. We are excited to be able to expand our training solutions for the U.S. Air Force.”

Under the predecessor TSA III contract, HII’s LVC Solutions business group successfully transitioned all Distributed Mission Operations (DMO) for Air Mobility Command in 2022 and for the Air National Guard (ANG) DMO in 2020. HII supported more than 4500 training events each year to improve warfighting readiness for aircrews at over 50 different USAF, ANG and AF Reserve locations.

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

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

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.