Tuesday, July 6, 2021

HII to buy Alion for TS division

NEWPORT NEWS, Va. - Huntington Ingalls Industries (HII) announced on July 6 that it has entered into a definitive agreement to acquire Alion Science and Technology for $1.65B in cash from Veritas Capital, subject to customary adjustments. Alion is a high value-added, technology-driven solutions provider for the global defense marketplace. Alion will become part of HII’s Technical Solutions (TS)  division. The transaction is expected to close in the second half of 2021, subject to customary closing conditions. (Source: HII 07/06/21) Huntington Ingalls Industries To Acquire Alion Science and Technology – Enhancing its National Security Solutions Portfolio | Huntington Ingalls Industries

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