DealsJul 24, 2026, 06:06 AM
Hyliion Awarded $42M Naval Research Contract for Power Units
AI Summary
Hyliion Holdings Corp. announced it was awarded a cost-plus-fixed-fee contract by the Office of Naval Research (ONR) valued at approximately $42 million. This contract supports the High Efficiency/Low Maintenance Ultra Reliable (HELMUR) Megawatt Scale Power Generation Units program. Under the agreement, Hyliion will design, develop, build, test, and deliver 2-megawatt and 3-megawatt power generation units, with work expected to be completed by July 2029.
Key Highlights
- Hyliion awarded a cost-plus-fixed-fee contract by the Office of Naval Research (ONR).
- The contract has a total value of approximately $42 million.
- The contract supports the High Efficiency/Low Maintenance Ultra Reliable (HELMUR) Megawatt Scale Power Generation Units program.
- Hyliion will design, develop, build, test, and deliver 2-megawatt and 3-megawatt power generation units.
- The contract includes a 36-month base period with no option periods, expected to be completed by July 2029.
- Funding for the contract was obligated using fiscal year 2025 and 2026 Navy RDT&E appropriations.
Price Impact
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