The $2.2B award adds meaningful backlog to HII's Mission Technologies segment, which diversifies revenue beyond shipbuilding. Monitor future earnings calls for updates on option-year exercise rates and margin contribution from this contract.
Price Chart
Executive Summary
HII's Mission Technologies division won a $2.2 billion task order from U.S. Southern Command for advanced surveillance and intelligence services under a GSA ASTRO IDIQ contract. The award is a significant contract win for HII's non-shipbuilding segment, reinforcing its role in defense technology and intelligence, though the multi-year structure with option years introduces some delivery uncertainty.
Key Financial Metrics
Key Facts
- HII Mission Technologies awarded $2.2 billion task order for STRINGRAI program supporting U.S. Southern Command.
- Contract awarded under GSA ASTRO IDIQ with one base year and six option years.
- Program aims to enhance detection and monitoring of illicit activity across Central America, South America, and the Caribbean.
- HII is America's largest shipbuilder and largest producer of unmanned underwater vehicles for the U.S. Navy.
Financial Impact
$2.2 billion task order over potential seven-year period (one base year plus six option years)
Risk Factors
- Option years may not be fully exercised, reducing total contract value.
- Execution risk on complex multi-domain intelligence integration.
- Potential budget or political shifts affecting SOUTHCOM priorities.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3343021 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | Press Release | $279.69 $272.86 | ▼ −2.44% | ▼ −2.22% | $268.61 (−3.96%) |
Aug 11, 2026 7w ago | Press Release | $327.85 $317.61 | ▼ −3.12% | ▼ −2.72% | $268.61 (−18.07%) |
Aug 11, 2026 7w ago | Insider Cluster | $327.85 $317.61 | ▼ −3.12% | ▼ −2.72% | $268.61 (−18.07%) |
Aug 10, 2026 7w ago | 144 | $330.81 $318.34 | ▼ −3.77% | ▼ −3.72% | $268.61 (−18.80%) |
Aug 5, 2026 8w ago | Press Release | $317.70 $326.80 | ▲ +2.86% | ▲ +2.51% | $268.61 (−15.45%) |
Aug 3, 2026 8w ago | Press Release | $325.95 $330.67 | ▲ +1.45% | ▼ −0.58% | $268.61 (−17.59%) |
Jul 30, 2026 9w ago | 8-K | $319.90 $321.76 | ▲ +0.58% | ▼ −3.04% | $268.61 (−16.03%) |
Jul 29, 2026 9w ago | Press Release | $319.90 $321.76 | ▲ +0.58% | ▼ −3.04% | $268.61 (−16.03%) |
Jul 10, 2026 12w ago | Press Release | $286.09 $271.05 | ▼ −5.26% | ▼ −4.70% | $268.61 (−6.11%) |
Jul 9, 2026 12w ago | GOVT-CONTRACT | $286.21 $271.05 | ▼ −5.30% | ▼ −5.17% | $268.61 (−6.15%) |
US Market Status
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