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Hyliion appoints defense tech expert Abdul Subhani as strategic advisor to boost military contracts.

Market News
07 Jul 2026
PRNewsWire
View Source
Bullish
Hyliion appoints defense tech expert Abdul Subhani as strategic advisor to boost military contracts.

Hyliion Holdings Corp. has appointed Abdul Subhani, a defense innovation leader with over 20 years of experience, as a strategic advisor. Subhani will guide Hyliion on defense strategy and military engagement, supporting the expansion of its KARNO modular power technology in U.S. defense applications. The company is growing its military business, expecting $40–50 million in new contracts in 2026, particularly with the U.S. Navy. This move strengthens Hyliion's position in the defense sector amid rising demand for resilient power solutions.

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UBS raises ABM Industries price target to $51.50 after strong earnings and revenue growth.

UBS raises ABM Industries price target to $51.50 after strong earnings and revenue growth.

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