Huntington Ingalls Industries, Inc. (NYSE:HII) announced on Tuesday that its Mission Technologies unit won a role on a major defense microelectronics contract.
The company said that the Mission Technologies division is one of 12 companies named to a 10-year, $25.4 billion Advanced Technology Support Program V contract.
The multiple-award IDIQ will provide engineering solutions for electronics and software challenges across the U.S. Department of Defense and federal agencies.
Program Purpose
The Advanced Technology Support Program V is designed to give federal customers quick access to cutting-edge microelectronics technologies. The contract also helps agencies address obsolescence and speed technology deployment for mission needs.
Mission Technologies will offer engineering support for hardware and software issues under the contract.
The work spans studies, analysis, design, simulation, prototyping, integration and testing, among other technical areas.
The contract allows for production support and limited extended manufacturing when required.
It also includes activities to sustain and modernize systems critical to national defense and civilian missions.
Huntington’s microelectronics and software teams bring system and component-level skills to reverse engineering and assurance work.
The company uses proprietary tools and a model-based approach to help customers maintain essential technologies.
Mission Impact
The company said its inclusion on the ATSP5 contract reinforces its ability to help defense and federal agencies overcome chip shortages and technology challenges that can affect operational readiness.
“Delivering a trusted, assured supply of microelectronics directly impacts warfighter survivability, mission success and technological superiority,” said Grant Hagen, president of Mission Technologies’ Warfare Systems group.
He said the company will apply more than two decades of engineering experience to support next-generation microelectronics innovation.
HII Price Action: Huntington Ingalls Indus shares were down 1.40% at $419.93 at the time of publication on Tuesday. The stock is trading near its 52-week high of $427.72, according to Benzinga Pro data.
Photo by T. Schneider via Shutterstock
