HII’s (NYSE: HII) announcement from McLean, Va., on October 25, 2024.
Article information sourced from HII Newsroom
In a strategic move that signals both confidence and ambition, HII’s Mission Technologies division announced today a major organizational restructuring aimed at optimizing its operations for continued growth. The division, which has shown remarkable performance with revenues of $2.7 billion in 2023, is consolidating its current six operational groups into four specialized units.
Breaking New Ground While Streamlining Operations
The restructuring, effective October 28, creates four distinct operational pillars:
All-Domain Operations (Led by Todd Gentry)
- C5ISR operations
- Platforms and logistics support
- Intelligence analysis
Global Security (Led by Michael Lempke)
- Live, virtual, constructive (LVC) solutions
- Fleet sustainment
- Nuclear and environmental services
- Australia business operations
Warfare Systems (Led by Grant Hagen)
- Cyber and mission IT
- Electronic warfare
- C5ISR systems
Uncrewed Systems (Led by Duane Fotheringham)
- Unmanned underwater vehicles (UUVs)
- Unmanned surface vehicles (USVs)
- Autonomy software
A New Operating Model for Enhanced Performance
Alongside this structural reorganization, Mission Technologies is implementing a common operating model across all four groups. Each group will feature specialized roles including:
- Operations leader
- Growth leader
- Portfolio leader(s)
- Quality leader
This standardized approach aims to ensure consistency and excellence across all operations while maintaining the division’s impressive growth trajectory.
Impressive Growth Trajectory
The numbers tell a compelling story of success:
- 13% organic growth in 2023, reaching $2.7 billion in revenue
- First half of 2024 shows a remarkable 19% organic growth increase
- Generated $1.5 billion in revenue in just the first six months of 2024
“Our growth is unprecedented within HII — but not unexpected,” notes Andy Green, executive vice president of HII and president of Mission Technologies. “We’ve planned and executed to get to where we are today. It’s up to us to reinvent ourselves for what lies ahead. We are already well on our way.”
Looking Ahead
With third quarter earnings set to be announced on October 31, the timing of this restructuring reflects a forward-thinking approach to maintaining momentum. Green expresses confidence that these changes will enhance competitiveness, improve service quality for customers, and ensure long-term business sustainability.
This reorganization represents more than just a structural change—it’s a strategic positioning for future opportunities and challenges in the defense and technology sectors. As Mission Technologies continues to evolve, this streamlined structure provides a solid foundation for sustained growth and innovation.
