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Tag Archives: kongsberg maritime

HII Completes $350M Buy of Kongsberg Maritime’s Hydroid Subsidiary; Andy Green Quoted

Huntington Ingalls Industries (NYSE: HII) has finalized its acquisition of Pocasset, Mass.-based marine robotics provider Hydroid from Kongsberg Maritime for approximately $350M as part of efforts to expand its capabilities in the autonomous and unmanned maritime systems market. HII said Thursday it will operate Hydroid as part of unmanned systems business unit within its technical solutions division, which now includes capabilities in small and medium unmanned underwater vehicles with the addition of Hydroid’s Remus and Seaglider autonomous underwater vehicles.

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Andy Green: HII Adds to Maritime Tech Portfolio With Hydroid Deal, Kongsberg Partnership

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,  ExecutiveBiz reported Feb. 12.

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