HII closed the acquisition of an advanced manufacturing facility and assets in Charleston, South Carolina on January 27, 2025. The deal is aimed at bolstering shipbuilding capacity to support national security customers.

Acquirer HII (US)
Target Advanced manufacturing facility and assets in Charleston, South Carolina (US)
Value Undisclosed
Type Acquisition
Close Date January 27, 2025
Advisors Buy-side: Not disclosed; Sell-side: Not disclosed; Legal buy-side: Not disclosed; Legal sell-side: Not disclosed

HII, a leading shipbuilder for the U.S. Navy and Coast Guard, acquired the facility to expand its manufacturing capacity in support of national security initiatives.

The acquisition includes trained talent and advanced manufacturing capabilities that will enhance HII's ability to meet demand from national defense customers. The deal is part of the company's strategy to increase its shipbuilding output through strategic asset acquisitions.