Naval Warfare

Kongsberg sells Hydroid

7th February 2020 - 16:04 GMT | by The Shephard News Team


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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 ...

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