TYSONS CORNER, VA, February 20, 2020 — Andy Green, president of the technical solutions division at Huntington Ingalls Industries (NYSE: HII), said that HII seeks to offer new technology with its planned acquisition of robotic systems manufacturer Hydroid and strategic alliance with the latter's parent company Kongsberg Maritime, ExecutiveBiz reported Feb. 12.
HII agreed to buy Hydroid in a $350M deal that was announced Feb. 4 and is expected to close within the first quarter, the Daily Press reported Feb. 11. Green noted the transaction complements the military shipbuilding company's previous deals within the unmanned underwater vehicle industry.
Kongsberg Maritime also intends to establish a strategic alliance with HII to sell products and services to the domestic government sector and potentially to the international market.
“They bring a lot of maritime technology to the table that we can potentially market to our existing customers,” said Green, a 2020 Wash100 winner.
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