Huntington Ingalls Industries Closes the Acquisition of Hydroid Inc.
Huntington Ingalls Industries, Inc. (HII)
Last huntington ingalls industries, inc. earnings: 2/13 07:15 am
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Source: GlobeNewswire
NEWPORT NEWS, Va., March 26, 2020 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE: HII) announced today that it has closed on the previously announced acquisition of Hydroid Inc., a leading provider of advanced marine robotics to the defense and maritime markets. In conjunction with the transaction, HII and Kongsberg Maritime have established a strategic alliance to jointly market naval and maritime products and services to the U.S. government market and potentially to global markets. The acquisition of Hydroid, based in Pocasset, Massachusetts, expands HII’s capabilities in the strategically important and rapidly growing autonomous and unmanned maritime systems market. Hydroid will become part of HII’s Technical Solutions Unmanned Systems business unit that now includes unmanned underwater vehicles (UUV) such as the Orca extra-large UUV that is produced in partnership with Boeing as well as Proteus, a large, dual-mode UUV operated out of Panama City, Florida. With the addi
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