MCLEAN, Va., Oct. 25, 2024 (Globe Newswire) — HII (NYSE: HII) announced the consolidation of its six Mission Technologies business groups into four. The changes are aimed at optimizing the division for continued long-term growth.
Effective Monday, October 28th, departments will be reorganized into the following groups:
Operation Old Domain, led by Todd Gentry, is comprised of C5ISR operations. Platform and logistics support. and intelligence analysis.
Global Security, led by Michael Lempke, consists of Live, Virtual, Constructive (LVC) solutions. Fleet maintenance. Nuclear and Environmental Services. and Australian business.
Warfare Systems, led by Grant Hagen, consists of cyber and mission IT. electronic warfare. and C5ISR system.
Led by Duane Fotheringham, Uncrewed Systems consists of unmanned underwater vehicles (UUVs), unmanned surface vehicles (USVs), and autonomy software.
Mission Technologies will also align four groups around a common operating model with specialized roles: Operations Leader, Growth Leader, Portfolio Leader, and Quality Leader.
Andy Greene, HII executive vice president and president of Mission Technologies, said: “We believe these changes will make us even more competitive, improve the quality of service to our customers, and ensure the long-term health of our business.”
Mission Technologies reported 2023 revenue of $2.7 billion. This was a 13% increase in organic growth compared to 2022. In the first half of 2024, the segment’s revenue was $1.5 billion, with organic growth increasing 19% compared to the same period in 2023. Third quarter financial results are scheduled to be announced on October 31st.
“Our growth is unprecedented within HII, but not unexpected,” Green said. “We’ve planned and executed to get to where we are today. It’s up to us to reinvent ourselves for the future. We’re already well on our way.”
For a biography of Andy Green and the Mission Technologies Leadership team, please visit https://hii.com/who-we-are/leadership/mission-technologies-leadership/.
About HII
HII is a global all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and full spectrum solutions to serve nations and create customer advantages in defending peace and freedom around the world.
HII, the nation’s largest military shipyard and with a 135-year history of advancing America’s national security, provides critical capabilities from ships to unmanned systems, cyber, ISR, AI/ML and integrated training. I’m doing it. Headquartered in Virginia, HII has 44,000 employees. See below for more information.
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