logo
HII is Awarded Task Order for Approximately $296 Million to Support Global Air and Space Operations

HII is Awarded Task Order for Approximately $296 Million to Support Global Air and Space Operations

Yahoo28-01-2025

MCLEAN, Va., Jan. 28, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) announced today that its Mission Technologies division was awarded a task order valued at approximately $296 million to support U.S. Air Forces in Europe-Air Forces in Africa's (USAFE-AFAFRICA) air and space operations around the globe.
Under the five-year Consolidated Mission Support task order, awarded by the Air Force Installation Contracting Center's 764 Enterprise Sourcing Squadron, HII will provide technical and analytical services to assist USAFE-AFAFRICA in the planning, integration and execution of command and control; integrated air and missile defense; and intelligence, surveillance and reconnaissance (ISR). The task order is a follow-on to work that HII does under the Persistent Multi-Role Operations (PMRO) contract with added scope.
'Through our continued partnership with USAFE-AFAFRICA, our team looks forward to applying our diverse skills and multi-national operations expertise to enhance the U.S. defense security posture in Europe and Africa and support the U.S. Department of Defense's Combined Joint All-Domain Command and Control strategy,' said Todd Gentry, president of Mission Technologies' All Domain Operations group.A photo accompanying this release is available at: https://hii.com/news/hii-is-awarded-task-order-for-approximately-296-million-to-support-global-air-and-space-operations/.
USAFE-AFAFRICA, headquartered at Ramstein Air Base in Germany, executes Air Force, United States European Command and United States Africa Command missions with forward-based airpower and infrastructure to conduct and enable theater and global operations. HII designs, develops, integrates and manages the sensors, systems and other assets to support ISR operations and accelerated decision making for the U.S. Department of Defense (DOD), the combatant commands and the intelligence community.
HII employees are proudly supporting U.S. DOD commands and allied nations across 74 countries, united by a shared mission to strengthen U.S. national defense and deliver the strategic advantages that safeguard global peace and freedom.
About HII
HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML 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
Contact:Greg McCarthy(202) 264-7126gregory.j.mccarthy@hii-co.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/24fbdbb2-0259-41d5-a13a-286bb397fdd4Sign in to access your portfolio

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stocks rally as Trump-Musk feud cools down
Stocks rally as Trump-Musk feud cools down

Yahoo

time36 minutes ago

  • Yahoo

Stocks rally as Trump-Musk feud cools down

Stocks rally as Trump-Musk feud cools down originally appeared on TheStreet. Crypto stocks bounced back on June 7 as both President Donald Trump and Tesla (Nasdaq: TSLA) boss Elon Musk retreated from their big, ugly feud from the previous day. Strategy (Nasdaq: MSTR), which had dipped around 6% yesterday, was trading at $375.01 at press time, up 1.69% a day. Helmed by Michael Saylor, the company is the largest public Bitcoin treasury company. The largest U.S. crypto exchange Coinbase (Nasdaq: COIN) had slipped as much as 10% the day before. The stock, which made it to the much-coveted spot on the S&P 500 in May, was trading at $254.31, up 4% a day. The crypto and stock trading exchange Robinhood (Nasdaq: HOOD) dipped around 8% on the day of the feud. It was trading at $76.24, up 5% a day. The story of Bitcoin miners was no different as the two men engaged in a heated public exchange over social media and press briefings on June 6. MARA Holdings (MARA) fell as much as 7% yesterday but was trading at $15.93, up 7.02% a day. Hut 8 Group (HUT) had similarly slipped by 7% the day before but rallied an impressive 14.83% to trade at $18.74. HIVE Digital (Nasdaq: HIVE) had slid around 9% yesterday and made the same recovery of 9% today to trade at $2.0042. Bitdeer (Nasdaq: BTDR) had also slipped 9% and successfully recovered by 11% to trade at $14.07 today. Notably, the stablecoin issuer Circle Internet Group (NYSE: CRCL) made an impressive debut on the day of the feud. CRCL was trading at $116.07 at press time, up 40% a day. Musk, who quit the Department of Government Efficiency (DOGE) by the end of May, has been criticizing Trump's "big, beautiful bill" since then. The disagreement escalated into an ugly public exchange the previous day that shook the markets. Stocks rally as Trump-Musk feud cools down first appeared on TheStreet on Jun 6, 2025 This story was originally reported by TheStreet on Jun 6, 2025, where it first appeared. Sign in to access your portfolio

Is Carnival's Big Growth Spurt Over?
Is Carnival's Big Growth Spurt Over?

Yahoo

timean hour ago

  • Yahoo

Is Carnival's Big Growth Spurt Over?

Carnival's cruise business was shut down during the coronavirus pandemic. It has experienced strong growth since the world got used to living with COVID-19. Carnival expects to have another good year in 2025, but next year's comparisons might be less impressive. 10 stocks we like better than Carnival Corp. › Carnival (NYSE: CCL) went from a full stop to full speed ahead, and the result was, as you might expect, a dramatic improvement in its business performance. But what happens now that the cruise line is at the top of its game? Here's what's happened and why 2026 could be a much less impressive year for Carnival. Carnival operates nine branded cruise lines, including its namesake brand. It is one of the largest cruise ship owners and operators on the planet. Cruise lines have two main sources of revenue. The first is the fares passengers pay to get on the boat. The second is the spending they do while on the ship. The cruise ships Carnival operates are like floating resorts. You pay for a room, and then you pay for all the other stuff you want to do. Some food and entertainment are included in the cruise cost, but plenty of add-ons are available. That said, Carnival doesn't see a dime of income if its ships aren't running. And that's exactly what happened during the early stages of the coronavirus pandemic. Cruise ship passengers are always at some risk of catching contagious diseases, but the risks presented by COVID-19 were so extreme that governments shut down the industry. The last few years have seen impressive business performance from Carnival because of that shutdown. The chart above shows the trailing-12-month revenues and earnings per share for Carnival. It tells the story pretty clearly. Revenues fell to zero and then recovered. Earnings fell deep into the red and then recovered. In fact, the inflation coming out of the pandemic has actually helped out here because the cost of other vacations, such as trips to amusement parks, have increased to the point where cruises look like a relative bargain. At this point, Carnival's 2025 cruises are fairly well booked, so this should be another decent year. But two problems are likely to start showing up more clearly in 2026. First, the rebound from zero revenue seems to have largely played out. Further improvement will require continued strong execution. For example, revenue rose to a record level in the first quarter of 2025. But the year-over-year rise was dramatically smaller than in the first quarter of 2024. The boom years are likely over, and continuing to move the needle will be much harder from here. Second, Carnival added a significant number of new ships leading up to 2024. More ships mean more ability to increase revenue. And new ships often bring renewed interest from customers, too. Between 2025 and 2028, there won't be nearly as many new ships, so this growth lever won't be as powerful. Price increases (for both the cruise and onboard spending) will still improve the top line of the income statement, but they may keep some customers away. There is a silver lining in all of this, however. Carnival took on debt after the pandemic. Buying ships is costly, and so is paying to maintain a business that isn't generating any revenue. The pullback on new ships will allow the company to more quickly reduce its leverage. That is a good thing, and falling interest costs should help the company's bottom line. That said, Carnival's top line in 2026 could be far less exciting than it has been recently. And emotional investors may see that as a big negative, even as Carnival works to improve its balance sheet. If you own Carnival or are looking at the stock, remember that the growth coming out of the pandemic was an anomaly. Before you buy stock in Carnival Corp., consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Carnival Corp. wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor's total average return is 789% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool recommends Carnival Corp. The Motley Fool has a disclosure policy. Is Carnival's Big Growth Spurt Over? was originally published by The Motley Fool

Great News for Nio's Massive Battery-Swapping Ambitions
Great News for Nio's Massive Battery-Swapping Ambitions

Yahoo

timean hour ago

  • Yahoo

Great News for Nio's Massive Battery-Swapping Ambitions

Nio offers battery swaps at thousands of locations across China. CATL is working with automakers to standardize battery-swap technology. Rumors are swirling that CATL could purchase some of Nio's battery-swapping unit. 10 stocks we like better than Nio › Nio (NYSE: NIO) has always been a fascinating stock to follow with its many ups and downs. The Chinese automaker is poised for strong growth on the back of launching two entirely new brands, Onvo and Firefly. Nio is also intriguing for its decision to push battery-swap technology, which it offers at thousands of locations. The idea is foreign to many U.S. investors, but it's far more popular in China. Nio recently received some good news regarding its battery-swap ambitions -- here's what you need to know. A battery swap is simply when someone with an appropriate vehicle drives a depleted battery into a swap station, and replaces it with a fully charged battery. Nio's newest vehicles can do this in roughly two-and-a-half minutes. Now, let's get to the good news. Another Chinese battery maker, CATL, is working with a group of Chinese automakers on a battery swapping technology that takes just over 90 seconds. According to Car News China, 1,000 electric vehicle (EV) sedans with CATL's "Choco-SEB" swappable battery have been delivered to a taxi company -- a near-perfect application for battery swaps that would limit downtime for taxi drivers. Wait a second, isn't more battery-swap competition a bad thing for Nio? Absolutely not. Nio's competition isn't truly other battery-swapping tech -- its competition is fast-charging stations. Nio needs to create an ecosystem of vehicles that use its setup to have a thriving userbase for its swapping stations, and CATL can help with this aim. CATL is working to bring together a group of automakers to develop a standardized system for battery swaps that could vastly increase the number of swapping vehicles on the road. Furthermore, rumors are floating around that CATL is looking to purchase a controlling stake in Nio Power's battery swapping unit, which, depending on the potential agreement, could vastly increase the scale of battery-swapping technology. CATL is already working on building out a network of its stations. It's also likely that Nio's more affordable and higher-volume brand, Firefly, could bring in a fleet of new vehicles to match this new standard. This all sounds great, so where's the drawback? The catch, if you want to call it that, is that competition with fast-charging stations is increasing as companies find ways to speed up the process. In fact, automakers are already hard at work to beat BYD's five-minute EV fast-charging benchmark. It's certainly a risky ambition to build out a capital-intensive network of battery-swap stations that may only save a few minutes compared to fast-chargers. Another drawback is that the idea of a standardized battery development (so many platforms of vehicles can use the same battery-swap technology) means that these batteries and designs could be slower to evolve at a time when individual companies are trying to race ahead with breakthroughs. CATL, a juggernaut battery producer, coming on board to push battery-swapping networks with multiple automakers is a huge deal for Nio, and that's before considering the doors it could open as the two companies grow more ties. Furthermore, if CATL does purchase a controlling stake in Nio Power's battery-swap business, it could give a young cash-burning company some extra capital. No matter how you spin it, this development is great news for Nio's massive battery-swap ambitions, one of the company's biggest risks. Before you buy stock in Nio, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Nio wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Daniel Miller has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Great News for Nio's Massive Battery-Swapping Ambitions was originally published by The Motley Fool Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store