Photo Release — Huntington Ingalls Industries Announces Commercial Release of REMUS 300 Unmanned Underwater Vehicle

NEWPORT NEWS, Va., April 19, 2021 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today the commercial release of its REMUS 300 unmanned underwater vehicle (UUV). This new, open architecture, small-class UUV can dive to depths of 305 meters (1,000 feet) and has endurance options up to 30 hours.

“The REMUS 300 is the most advanced small-class UUV on the market,” said Duane Fotheringham, president of the Unmanned Systems business group in HII’s Technical Solutions division. “It combines everything we’ve learned from more than 20 years of development on our REMUS 100 systems with enhancements like advanced modularity and a more robust structure and sensors. We’re excited to offer this solution to customers who are looking to dive deeper and go longer with a flexible, man-portable system.”

Built on the REMUS Technology Platform, the REMUS 300 has compact and efficient core electronics, advanced autonomy and a common operating system that allows for interoperability with the entire REMUS family of systems. Its open architecture design and modularity enable integration of the latest hardware and software, with an optional hardware development kit and software development kit to enable third-party integration.

The REMUS 300 design incorporates feedback from hundreds of REMUS 100 users and provides the ability to exchange payloads, allowing application flexibility. Common applications include mine countermeasures, hydrographic survey, rapid environmental assessment, search and recovery, and marine research. Modular energy sections allow for field replacement of 1.5, 3.0 or 4.5 kilowatt-hour lithium-ion batteries enabling up to 10, 20 or 30 hours of endurance.

More than 500 REMUS UUVs have been sold to 25 countries worldwide. Standard configurations of the REMUS 300 can now be acquired internationally and commercially, with orders being accepted now for delivery in 2022.

A photo accompanying this release is available at: https://newsroom.huntingtoningalls.com/file/remus300.

Learn more about the new REMUS 300 UUV at: https://tsd.huntingtoningalls.com/capabilities/unmanned-systems/unmanned-underwater-vehicles/remus300m/.

Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division supports national security missions around the globe with unmanned systems, defense and federal solutions, and nuclear and environmental services. Headquartered in Newport News, Virginia, HII employs more than 42,000 people operating both domestically and internationally. For more information, visit:

Statements in this release, other than statements of historical fact, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause our actual results to differ materially from those expressed in these statements. Factors that may cause such differences include: changes in government and customer priorities and requirements (including government budgetary constraints, shifts in defense spending, and changes in customer short-range and long-range plans); our ability to estimate our future contract costs and perform our contracts effectively; changes in procurement processes and government regulations and our ability to comply with such requirements; our ability to deliver our products and services at an affordable life cycle cost and compete within our markets; natural and environmental disasters and political instability; our ability to execute our strategic plan, including with respect to share repurchases, dividends, capital expenditures and strategic acquisitions; adverse economic conditions in the United States and globally; health epidemics, pandemics and similar outbreaks, including the COVID-19 pandemic; changes in key estimates and assumptions regarding our pension and retiree health care costs; security threats, including cyber security threats, and related disruptions; and other risk factors discussed in our filings with the U.S. Securities and Exchange Commission. There may be other risks and uncertainties that we are unable to predict at this time or that we currently do not expect to have a material adverse effect on our business, and we undertake no obligation to update any forward-looking statements. You should not place undue reliance on any forward-looking statements that we may make. This release also contains non-GAAP financial measures and includes a GAAP reconciliation of these financial measures. Non-GAAP financial measures should not be construed as being more important than comparable GAAP measures.

Contact:

Beci Brenton
Beci.Brenton@hii-co.com
(202) 264-7143


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