Kongsberg sells Hydroid
Kongsberg Maritime signed an agreement with Huntington Ingalls Industries (HII) to sell its underwater technology subsidiary Hydroid.
The deal is valued at $350 million, according to Kongsberg, which confirmed the decision in a statement on 4 February.
HII is the US Navy’s largest supplier of naval vessels and its role in equipping the US Navy will increase as the US Navy is currently Hydroid’s largest customer.
Alongside the sale of Hydroid, the agreement sets out a framework for future cooperation between the two defence companies for projects concerning underwater technology and maritime solutions.
Kongsberg Maritime originally acquired Hydroid in 2007 for $80 million. President and CEO of the Kongsberg group, Geir Håøy said: ‘Kongsberg Maritime has driven technology development and created considerable value during the 12 years it has owned Hydroid.
‘We now look forward to working together with HII on new maritime solutions and at the same time strengthening our world-leading underwater environment in Horten.’
More from Naval Warfare
-
![South Korea displays domestic technology capabilities with KSS-III submarine launch]()
South Korea displays domestic technology capabilities with KSS-III submarine launch
Hanwha Ocean’s Jang Yeong-sil is the Republic of Korea Navy’s first 3,600t submarine and is the first of three boats in the military’s KSS-III programme.
-
![ST Engineering Marine expands capacity, seeks regional partners for growth]()
ST Engineering Marine expands capacity, seeks regional partners for growth
The company could be looking to collaborate with other Asian nations as well as countries further afield as it pushes ahead with its shipyard expansion plans.
-
![US Navy approaches the award of a follow-on contract for Aegis production]()
US Navy approaches the award of a follow-on contract for Aegis production
Naval Sea Systems Command intends to grant a production agreement for the Aegis Weapon System covering the FY2026-FY2030 period.
-
![AUKUS update: Australian sovereignty is “paramount” as Trump declares “full steam ahead”]()
AUKUS update: Australian sovereignty is “paramount” as Trump declares “full steam ahead”
AUKUS has been under the spotlight this week as US President Donald Trump and Australian Prime Minister Anthony Albanese had their first face-to-face meeting.
-
![US Navy acquires additional Most Aggressive Features for Virginia-class submarines]()
US Navy acquires additional Most Aggressive Features for Virginia-class submarines
A follow-on contract awarded to Collins covers the supply of up to eight MAFs to be delivered from 2027.
-
![Singapore christens first Victory-class multi-role combat vessel]()
Singapore christens first Victory-class multi-role combat vessel
The new mothership’s modular design ensures it meets the navy’s needs for future situations in both war and peace.
