HII Bags Order to Build a REMUS 620 Unmanned Underwater Vehicle for International Customer, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
HII has secured an order to build a REMUS 620 unmanned underwater vehicle for an undisclosed international customer in the Indo-Pacific Region, set for delivery in 2024. The REMUS 620, known for its extensive battery life and range, will be used for various monitoring and data collection missions.
March 13, 2024 | 9:02 am
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HII's new contract for the REMUS 620 UUV marks a significant achievement, showcasing its capabilities in underwater vehicle technology and potentially boosting future revenue.
Securing a contract for the REMUS 620 UUV not only demonstrates HII's technological capabilities in a competitive field but also opens up potential revenue streams from international markets, particularly in the Indo-Pacific region. This could positively impact HII's stock in the short term as investors may view this as a sign of HII's growing influence and potential for future contracts.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90