HII News & Events

HII has been awarded an option year production contract for the U.S. Navy's next-generation program of record, the Lionfish small unmanned undersea vehicle. Lionfish is based on HII's commercial REMUS 300 platform, originally developed as part of a rapid prototyping initiative in collaboration with the U.S. Navy and the Defense Innovation Unit. This latest option year contract continues to build the momentum of the Lionfish program, which marked a major production milestone at the close of 2025 with the completion of the 42nd Lionfish vehicle at HII's Pocasset facility. The five-year program could scale to as many as 200 vehicles, with a total contract value exceeding $347M.

Israel is considering U.S. listings for state-owned defense companies Israel Aerospace Industries and Rafael Advanced Defense Systems to potentially avoid stricter domestic disclosure rules, with officials expected to visit the U.S. in July to evaluate IPO options, Bloomberg's Galit Altstein reports. According to an Israeli official familiar with the trip, possibilities include either a primary or dual listing. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), GE Aerospace (GE), General Dynamics (GD), HII (HII), L3Harris Technologies (LHX), Lockheed Martin (LMT), Northrop Grumman (NOC) and RTX (RTX).