This contract award reinforces HII's unmanned systems revenue stream and Navy relationship, but at $347M over five years it is modest relative to HII's $11.5B market cap and large shipbuilding operations. Monitor for follow-on orders and potential expansion beyond 200 vehicles, which would increase the program's financial significance.
Price Chart
Executive Summary
HII was awarded an option year production contract for the U.S. Navy's Lionfish small unmanned undersea vehicle (SUUV) program. The five-year program could scale to as many as 200 vehicles with a total contract value exceeding $347 million, reflecting Navy confidence in HII's REMUS 300 platform. This is a material but expected follow-on award for a proven program, not a new, transformative win.
Key Financial Metrics
Key Facts
- Option year production contract awarded for the U.S. Navy's Lionfish SUUV program.
- Lionfish is based on HII's commercial REMUS 300 platform.
- Total contract value could exceed $347 million over the five-year program.
- Program could scale to as many as 200 vehicles.
- HII completed the 42nd Lionfish vehicle at the close of 2025.
- Lionfish is the Navy's first successful transition from OTA prototype to full-scale production.
- More than 700 REMUS vehicles delivered to over 30 countries; >90% remain in active service.
- HII is America's largest shipbuilder with a workforce of 44,000.
Financial Impact
Total contract value exceeding $347 million over five years; scaling up to 200 vehicles.
Risk Factors
- Budgets could shift; defense spending priorities may change.
- Program scalability to 200 vehicles is aspirational, not guaranteed.
- Competing unmanned systems from other prime contractors could gain Navy traction.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3322660 |
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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