FINWIRES · TerminalLIVE
FINWIRES

HII Signs on to Framework for Collaboration With Applied Intuition For Naval Artificial Intelligence Systems

-- HII (HII) said Tuesday it signed a memorandum of understanding with artificial intelligence firm Applied Intuition to develop advanced software systems for next-generation naval vessels.

The agreement establishes a framework to collaborate on an AI operating system designed to enhance maritime platform performance and scale autonomous features across crewed and uncrewed ships, the company said.

The businesses will initially focus on integrating the commercial software into the upcoming Romulus line of uncrewed surface vessels currently being built in Louisiana, HII said.

Shares of the company were down 1.8% in Tuesday trading.

Price: $384.96, Change: $-7.23, Percent Change: -1.84%

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