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Hyliion secures $41.7M Navy contract
Hyliion Holdings secured a $41.7 million cost-plus-fixed-fee Navy contract to design, develop, construct, test, and deliver 2-megawatt and 3-megawatt KARNO power generation systems at locations designated by the Office of Naval Research, signaling its role in advancing clean-energy military power. The awards underscore Hyliion’s push into modular, flexible power solutions with potential-positive implications for its growth and stock prospects.
Business · 6 sources · Jul 23, 2026Read itThe journal
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