Hydroid Inc News

Kongsberg Maritime AS has signed an agreement to sell its underwater technology subsidiary company Hydroid, Inc. for $350 million to shipbuilder Huntington Ingalls Industries (HII). In conjunction with the transaction, HII and Kongsberg Maritime are also establishing a strategic alliance to jointly market naval and maritime products and services to the U.S. government market and potentially to global markets.Kongsberg Maritime acquired Hydroid for USD 80 million in 2007 and is now selling this US subsidiary for USD 350 million on a debt-free and cash-free basis and as adjusted off an agreed upon working capital."Kongsberg Maritime has driven technology development and created considerable value during the 12 years it has owned Hydroid, and we are capitalizing on this now.

Sunk by Japanese torpedoes near the end of World War II, heavy cruiser USS Indianapolis disappeared to the darkest depths of the Philippine Sea, where it remained undiscovered for more than 70 years. Recently a team of civilian researchers led by Microsoft co-founder Paul G. Allen set out equipped with an arsenal of high-tech search equipment on a mission to locate the historic vessel last seen on July 30, 1945. The story of the USS Indianapolis is one of military might, heroism, tragedy, controversy and mystery.

Hydroid, Inc., a subsidiary of Kongsberg Maritime and a leading manufacturer of autonomous underwater vehicles (AUVs), today announced that it has been named the Southeast division gold winner in the 11th Annual Massachusetts Economic Impact Awards. Designed to recognize excellence in job growth, facility expansion, and investment since January 1, 2014, the award celebrates companies that have made outstanding contributions to the Massachusetts economy. “We are so proud to be recognized with this MassEcon Impact Award,” said Duane Fotheringham, president of Hydroid. “Our continued growth is a testament to the remarkable group of people that make up Hydroid, whose hard work and dedication has propelled our company to the top.

Mission commemorates 70th anniversary of World War II Tragedy. A mission off the coast of South Devon, England has surveyed two U.S. Landing Ship Tanks (LSTs) that were torpedoed and sunk during the D-Day rehearsal Exercise Tiger on April 28, 1944. Using state-of-the-art autonomous underwater vehicle (AUV) technology to collect data from the wreckage site, the mission has produced the first high-definition sonar images of this World War II tragedy. This was the first time in history that an AUV had surveyed the area. The mission, which was executed by Hydroid, Inc., a subsidiary of Kongsberg Maritime and the leading manufacturer of AUVs, with additional data provided by the Royal Navy's Maritime Autonomous System Trials Team (MASTT), commemorates the 70th anniversary of Exercise Tiger.

Hydroid, Inc., a subsidiary of Kongsberg Maritime, today announced changes in its leadership team. Christopher von Alt, one of the company’s founders and primary forces in its extraordinary growth since its inception in 2001, has elected to resign from his current position as president, effective January 1, 2014. Hydroid’s board of directors has selected Duane Fotheringham, Hydroid’s vice president of operations, as his successor. Von Alt will retain his current position as chairman of the board and in addition…

Included in the latest listing of US Department of Defense, Navy, contracts is the news that Hydroid Inc, has been awarded a significant UUV order for services with long-term options. Hydroid Inc., Pocasset, Mass., is being awarded a $26,231,287 cost-plus-fixed-fee, firm-fixed-price, indefinite-delivery/indefinite-quantity contract for engineering services, repair and training support for the Navy's MK18 unmanned underwater vehicle family of systems.  The contract includes a one-year base period with four one-year options.  Work will be performed in Pocasset, Mass., and is expected to be completed by September 2018. Department of Defense names the Naval Surface Warfare Center Indian Head Explosive Ordnance Disposal Technology Division, Indian Head, Md., as the contracting activity

Hydroid Inc has been contracted to deliver the Navy with unmanned underwater vehicles (UUV's) and Great Lakes Dredge Dock by the USACE for placement of dredged materials at  the Keansburg, NJ, project. Hydroid Inc, Pocasset, Mass., is being awarded a $36,323,734 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for the procurement of unmanned underwater vehicles. The unmanned underwater vehicles provide the military force with very shallow water and shallow water mine countermeasures as well as underwater object localization tools. Work will be performed in Pocasset, Mass., and is expected to be completed by September 2018.

U.S. Naval War College (NWC) students participate in a presentation & discussion of unmanned robotic systems with ReconRobotics, Inc. & Hydroid, Inc. This event was part of the "Unmanned Systems and Conflict in the 21st Century" course at NWC, serving as an opportunity for future decision makers to gain exposure and expand their knowledge of unmanned technologies. "It's important to be aware of advancements we're making now because they will change the strategic and operational environment of which our warfighters will be engaged in…

Kathy Forrester joins Hydroid, Inc., manufacturer of Autonomous Underwater Vehicles (AUVs), as Marketing Coordinator. Forrester will support Hydroid’s marketing efforts by assisting in the planning, development and execution of the company’s marketing plan, with the goals of increasing sales and promoting the Hydroid brand and corporate culture. She has more than twenty years of marketing experience at firms including Sotheby’s International, Strategic Marketing & Design, AMA Nantucket, Talbots and Walt Disney World.

The German Navy contract Hydroid, Inc. – a Kongsberg Company – to supply 6 REMUS 100 Autonomous Underwater Vehicles (AUV). After extensive trials by the German Bundeswehr Technical Center for Ships and Naval Weapons (WTD 71) in Eckernfoerde, the Federal Office of Defence Technology & Procurement (BWB) in Koblenz has placed the contract  to enhance the capabilities of the German Navy's mine divers. Delivery of the REMUS 100 systems and operational training of military personnel will occur during the next 12 months.

Hydroid, Inc., a subsidiary of Kongsberg Maritime and manufacturer of Autonomous Underwater Vehicles (AUVs), announces its newest AUV, the REMUS 600 Survey (REMUS 600-S) at the XVIII International Hydrographic Conference (IHC) in Monaco. The REMUS 600-S is a high performance version of the successful REMUS 600 AUV and features advanced technology that has only previously been available in Kongsberg's accomplished HUGIN vehicles, making it ideal for such applications as International Hydrographic Organization (IHO) quality surveys.

Pocasset, MA – May 9, 2011 – Hydroid, Inc., a subsidiary of Kongsberg Maritime, the leading manufacturer of Autonomous Underwater Vehicles, announced today that its REMUS 100 AUV aided in the discovery of the World War I German submarine U-106, which had been missing since October 1917. The Royal Netherlands Navy (RNLN), which used the REMUS vehicle, located the missing submarine off the coast of Terschelling in the Netherlands. “The REMUS 100’s compact size and proven reliability for deployment in shallow waters made it an ideal tool for this mission…