Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
SYDNEY - Defense contractor HII (NYSE:HII), whose stock has surged over 74% in the past year and currently holds a $12.28 billion market capitalization, and Shield AI have successfully tested their integrated autonomy solution on HII’s ROMULUS unmanned surface vessel, the companies announced Monday at the Indo Pacific International Maritime Exposition. InvestingPro data shows HII operates with a moderate debt level and has demonstrated strong price momentum across multiple timeframes.
The three-day test, conducted in late October in Virginia Beach, integrated Shield AI’s Hivemind autonomy software with HII’s Odyssey autonomy suite aboard a ROMULUS 20 USV. This marked the first maritime deployment of Hivemind, which was previously used in aerial operations.
According to the companies, the integration was completed in less than six weeks after their partnership announcement, demonstrating rapid development capabilities between the two defense technology firms.
"Using the Hivemind Enterprise SDK, our teams integrated capabilities quickly and effectively," said Andy Green, president of HII’s Mission Technologies division, in the press release.
ROMULUS is HII’s line of modular unmanned surface vessels built on commercial-standard hulls. The lead vessel, ROMULUS 190, is currently under construction and is designed to exceed 25 knots with a range of up to 2,500 nautical miles. It will carry four 40-foot ISO containers and feature both autonomy systems.
The companies stated that Hivemind enables unmanned systems to perform complex missions even in GPS-denied environments. Under the partnership, the integrated systems will allow ROMULUS vessels to operate alongside crewed strike groups while enabling multi-agent autonomy.
HII’s Odyssey autonomy software is currently deployed on over 35 USV platforms and more than 750 REMUS unmanned underwater vehicles across 30 countries, including 14 NATO members, according to the statement.
The announcement was made based on a press release from the companies.
In other recent news, Huntington Ingalls Industries Inc. reported robust financial results for the third quarter of 2025, exceeding analyst expectations. The company announced an earnings per share of $3.68, which was higher than the forecasted $3.35. Additionally, Huntington Ingalls achieved record sales of $3.2 billion, surpassing the anticipated $2.96 billion. These figures highlight a strong performance for the company in the recent quarter. The positive earnings and revenue results have been a focal point for investors. Analyst firms have noted these developments, although specific upgrades or downgrades were not mentioned in the recent reports. Investors continue to monitor Huntington Ingalls for further updates on its financial health and performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.