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Hyli awarded $42M ONR contract to build 2MW and 3MW power units under HELMUR

Hyli announced a roughly $42 million ONR cost-plus-fixed-fee contract to design, build and deliver 2MW and 3MW power generation units.Key Highlights:Original SEC Filing: Hyliion Holdings Corp. [ HYLN ] - 8-K - Jul. 23, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifyi…

Hyli announced a roughly $42 million ONR cost-plus-fixed-fee contract to design, build and deliver 2MW and 3MW power generation units.

Key Highlights:

Contract value ~ $42 million to support the HELMUR Megawatt Scale Power Generation Units program.
Hyli will design, develop, build, test and deliver 2MW and 3MW units, advancing core technology and alternatives.
Work includes reducing magnet supply chain risk and developing additive manufacturing processes to enhance capabilities.
Work performed primarily in Cedar Park, Texas, over a 36-month base period expected to complete by July 2029.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.