Huntington Ingalls to buy Alion in $1.65 billion deal

By Marjorie Censer / July 6, 2021 at 10:14 AM
Huntington Ingalls Industries said this morning it has agreed to acquire Alion Science and Technology for $1.65 billion, significantly growing HII's technical solutions division. Under the deal, which is slated to close later this year, HII will gain more than 3,200 Alion employees and its TS business will grow to about 25% of the company's sales. In a call with analysts today, Mike Petters, HII's chief executive, said the acquisition reflects the company's effort to position for the future. "We...

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