HII secures a DIU contract to develop an autonomous submarine system for deploying REMUS UUVs, enhancing undersea warfare capabilities.
Quiver AI Summary
HII has secured a contract from the Defense Innovation Unit (DIU) to deliver a submarine Torpedo Tube Launch and Recovery (TTLR) system, which will autonomously deploy and recover HII’s REMUS unmanned underwater vehicle (UUV) for U.S. Navy submarines. This contract leverages HII's extensive experience in undersea warfare and unmanned systems, aligning with its ongoing advancements in manned-unmanned team operations. The company's president, Duane Fotheringham, emphasized HII's leadership in this field and its commitment to delivering innovative solutions to meet the U.S. Navy's needs. The press release highlights recent successful operational demonstrations of HII's UUVs, showcasing significant advancements in autonomous navigation and recovery processes, reinforcing HII's role as a key player in enhancing naval capabilities.
Potential Positives
- HII has been awarded a significant contract by the Defense Innovation Unit for a submarine Torpedo Tube Launch and Recovery system, enhancing its portfolio in unmanned maritime systems.
- This contract reinforces HII's established leadership in undersea warfare and unmanned systems, leveraging over 120 years of expertise in the defense sector.
- The integration of HII's REMUS unmanned underwater vehicles into U.S. Navy submarine operations represents a substantial technological advancement in autonomous maritime capabilities.
- HII's successful track record of delivering over 750 REMUS vehicles to multiple countries underscores the company's strong market position and reliability in delivering innovative defense solutions.
Potential Negatives
- None
FAQ
What is the new contract awarded to HII about?
The contract involves delivering a submarine Torpedo Tube Launch and Recovery system for the U.S. Navy's unmanned underwater vehicles.
How does HII contribute to unmanned underwater vehicle technology?
HII is the world’s largest producer of UUVs, delivering over 750 REMUS vehicles to more than 30 countries, including NATO members.
What is the significance of the REMUS 600 UUV?
The REMUS 600 UUV demonstrated successful autonomous launch and recovery from a submarine, enhancing operational capabilities in subsea missions.
How does this system enhance U.S. Navy capabilities?
It expands mission reach, enhances stealth, and reduces operational risk by integrating unmanned systems into submarine operations.
What is HII's history in naval technology?
HII has over 140 years of experience and is a leader in submarine design, construction, and integrated defense capabilities.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HII Insider Trading Activity
$HII insiders have traded $HII stock on the open market 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 have been sales.
Here’s a breakdown of recent trading of $HII stock by insiders over the last 6 months:
- CHRISTOPHER D KASTNER (Director, President & CEO) sold 15,000 shares for an estimated $4,815,900
- CHAD N. BOUDREAUX (Ex VP & Chief Legal Officer) has made 0 purchases and 2 sales selling 5,186 shares for an estimated $2,105,995.
- THOMAS E. STIEHLE (Ex. VP and CFO) sold 4,500 shares for an estimated $1,937,430
- ERIC D. CHEWNING (EVP, Maritime Sys & Corp STR) sold 1,700 shares for an estimated $736,848
- VICTORIA D HARKER sold 1,000 shares for an estimated $316,605
- EDMOND E. JR. HUGHES (Ex VP & Chief HR Officer) sold 850 shares for an estimated $268,124
- NICOLAS G SCHUCK (Corp VP, Controller & CAO) sold 465 shares for an estimated $146,389
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.
$HII Revenue
$HII had revenues of $3.5B in Q4 2025. This is an increase of 15.71% from the same period in the prior year.
You can track HII financials on Quiver Quantitative's HII stock page.
$HII Hedge Fund Activity
We have seen 410 institutional investors add shares of $HII stock to their portfolio, and 358 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added 1,981,424 shares (+38526.6%) to their portfolio in Q4 2025, for an estimated $673,822,859
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 665,285 shares (-74.3%) from their portfolio in Q4 2025, for an estimated $226,243,469
- AQR CAPITAL MANAGEMENT LLC added 498,690 shares (+85.0%) to their portfolio in Q4 2025, for an estimated $169,589,508
- VAN ECK ASSOCIATES CORP added 400,428 shares (+32.1%) to their portfolio in Q4 2025, for an estimated $136,173,549
- ROKOS CAPITAL MANAGEMENT LLP removed 363,824 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $123,725,627
- MARSHALL WACE, LLP added 300,740 shares (+588.1%) to their portfolio in Q4 2025, for an estimated $102,272,651
- FMR LLC removed 271,675 shares (-7.6%) from their portfolio in Q4 2025, for an estimated $92,388,517
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.
$HII Analyst Ratings
Wall Street analysts have issued reports on $HII in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Goldman Sachs issued a "Buy" rating on 01/20/2026
- Citigroup issued a "Buy" rating on 01/13/2026
- TD Cowen issued a "Buy" rating on 10/31/2025
To track analyst ratings and price targets for $HII, check out Quiver Quantitative's $HII forecast page.
$HII Price Targets
Multiple analysts have issued price targets for $HII recently. We have seen 6 analysts offer price targets for $HII in the last 6 months, with a median target of $412.5.
Here are some recent targets:
- John Godyn from Citigroup set a target price of $441.0 on 04/02/2026
- David Strauss from Wells Fargo set a target price of $400.0 on 04/01/2026
- Gautam Khanna from TD Cowen set a target price of $460.0 on 03/06/2026
- Ronald Epstein from B of A Securities set a target price of $400.0 on 02/12/2026
- Noah Poponak from Goldman Sachs set a target price of $425.0 on 01/20/2026
- Seth Seifman from JP Morgan set a target price of $342.0 on 11/03/2025
Full Release
POCASSETT, Mass., April 27, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII), a global leader in unmanned and autonomous maritime platforms, has been awarded a contract by the Defense Innovation Unit (DIU) to deliver a submarine Torpedo Tube Launch and Recovery (TTLR) system. The system is designed to autonomously deploy and recover HII’s REMUS unmanned underwater vehicle (UUV) from U.S. Navy submarines.
The DIU contract builds on HII’s 120-year leadership in undersea warfare as one of two builders of U.S. nuclear-powered submarines, as well as the world’s largest producer of UUVs, and on a series of recent milestone achievements in manned–unmanned teaming. HII is advancing fully integrated, autonomous maritime capabilities that expand the reach and enhance the effectiveness of the U.S. Navy and its allies.
“This contract award reflects HII’s 25-year leadership in advancing autonomous unmanned maritime platforms and integrating them into submarine operations,” said Duane Fotheringham, president of the Unmanned Systems group in HII’s Mission Technologies division. “There is no company with more expertise in both the manned and unmanned sides of teamed operations. We look forward to continuing our strong partnership with the U.S. Navy to deliver the innovative solutions our forces urgently need in the subsea domain.”
A photo accompanying this release is available at: https://www.hii.com/news/hii-builds-on-manned-unmanned-submarine-teaming-success-with-new-pentagon-deal-poised-to-transform-undersea-warfare/ .
To date, HII has delivered more than 750 REMUS vehicles to over 30 countries, including 14 NATO members. More than 90% of those systems remain in service after more than two decades, underscoring their durability, reliability, and long-term lifecycle value.
In June 2025, the U.S. Navy and Woods Hole Oceanographic Institution (WHOI) successfully advanced the ongoing Yellow Moray UUV capability, marking the first forward-deployed torpedo tube launch and recovery of an HII-built REMUS 600 UUV from the USS Delaware (SSN 791), a Virginia -class submarine constructed by HII. Delaware and an embarked unmanned undersea vehicle squadron (UUVRON-1) cadre, with WHOI support, conducted overseas operations that included three fully autonomous launch and recovery sorties conducted through the submarine’s torpedo tube without diver assistance.
This demonstration represented a significant operational advancement in the autonomous teaming of manned and unmanned systems for intelligence, surveillance, and reconnaissance (ISR), as well as broader maritime missions.
In July 2025, a joint team from HII, WHOI and the U.S. Navy’s Naval Undersea Warfare Center Division Newport completed the first recovery of the latest generation REMUS 620 into a Virginia -class submarine torpedo tube and shutterway test fixture at Seneca Lake, New York.
During in-water testing, the REMUS 620 demonstrated advanced autonomous navigation and communication capabilities. The vehicle successfully docked with a shock and fire enclosure capsule (SAFECAP) within a submerged torpedo tube test fixture and executed reverse swim-out launch and safe separation procedures — validating critical operational functions for future deployment.
These advancements reinforce HII’s role as a leading sea power company and a key innovator in manned-unmanned teaming across two core growth areas: nuclear-powered submarine design and construction, and autonomous unmanned systems. Integrating UUVs through standard submarine interfaces extends mission reach, enhances stealth, and reduces operational risk and crew burden.
About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
- HII on the web: https://www.HII.com/
- HII on Facebook: https://www.facebook.com/TeamHII
- HII on X: https://www.twitter.com/WeAreHII
- HII on Instagram: https://www.instagram.com/WeAreHII
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HII on LinkedIn:
https://www.linkedin.com/company/wearehii
Contact:
Greg McCarthy
(202) 264-7126
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3bc09a1e-9834-4320-9f82-c16c474ed5bb