U.S. Navy places $123.4 million order for HII’s 155-pound Lionfish underwater drones
AI Market Summary
The U.S. Navy awarded HII a $123.4m Lionfish (REMUS 300) underwater drone order, the largest single buy in the program, extending deliveries through 2027 and reinforcing a framework that can scale to 200 vehicles. The award signals sustained defense procurement momentum and capacity expansion at HII's Massachusetts facility, but is unlikely to shift broader macro risk pricing in the near term.
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The U.S. Navy awarded Huntington Ingalls Industries (HII) a $123.4 million contract on September 24 for additional Lionfish small unmanned underwater vehicles, marking the program’s largest single order to date. The contract originated as a nine-vehicle deal and has since expanded into a framework with options for up to 200 vehicles over five years, with a top value above $347 million. In May, the Navy exercised an option worth just under $37 million, and the September award is more than three times that amount. Lionfish weighs 155 pounds, can dive to 1,000 feet, and is designed for 30-hour mine-hunting missions.
