Technology 

Huntington Ingalls to Invest in Alion Science and Engineering in $1.65B Offer

The ninth Ingalls-created U.S. Coastline Guard National Security Cutter, Stone (WMSL 758), underneath construction in September 2019. HII photo

Shipbuilder Huntington Ingalls Industries is established to obtain protection products and services company Alion Science and Technologies for $1.65 billion, HII officers claimed on Tuesday.

The acquisition of the McLean, Va.-centered Alion adds to other current HII purchases the organization mentioned will better situation its shipbuilding business enterprise to form its platforms for a potential U.S. armed forces that will count much more on rising technologies like unmanned units, CEO Mike Petters reported in a get in touch with with traders

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Technology 

Huntington Ingalls to get Alion Science and Technologies for $1.65 billion

WASHINGTON ― Huntington Ingalls Industries declared Tuesday an arrangement to invest in Alion Science and Technological know-how for $1.65 billion in money from Veritas Funds ― the most recent in a string of acquisitions for the military shipbuilding titan.

“Today’s announcement, coupled with our preceding investments in main-edge technologies, these kinds of as cybersecurity and autonomous units, demonstrates our motivation to continue to be on the cutting edge of essential, large-growth nationwide safety answers and produce significant long-time period worth for our shareholders,” reported HII’s chief govt, Mike Petters.

The announcement pointed out that Alion presents sophisticated engineering investigation and

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