Petters: Camber buy expands HII's access to 'growth side' of DOD budget

December 9, 2016 at 5:05 PM
SIMI VALLEY, CA -- Huntington Ingalls recently closed its acquisition of services contractor Camber, marking the finalization of a deal the shipbuilder's chief executive says is "transformative" for the company. Speaking on the sidelines of the Reagan National Defense Forum here, Mike Petters said the company has typically found the shipbuilding budget to be relatively flat, while services work can see greater growth. The deal is "in some ways transformative for the company because it expands our exposure to a...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on the Trump administration's defense buildup and the response by the coming Democrat-controlled House of Representatives.

Log in to access this content.