Hydroid, Inc. (“Hydroid”) has been acquired by Huntington Ingalls Industries (“HII”) for $350 million. HII acquired Hydroid to further support its strategy of providing leading edge autonomous unmanned underwater vehicles (“UUVs”) to the U.S Government and key allies. Hydroid is a wholly owned indirect subsidiary of Kongsberg Maritime AS, a subsidiary of Kongsberg Gruppen ASA (“KONGSBERG”).
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