Huntington Ingalls to acquire UniversalPegasus, terms not disclosed Huntington Ingalls announced today it has entered into an agreement to acquire UniversalPegasus International Holdings, or UPI. The transaction is subject to Hart-Scott-Rodino review and customary closing conditions and is expected to close in June. The value of the transaction is not being disclosed. UPI is a privately held company headquartered in Houston, Texas. UPI has approximately 1,500 employees.
BofA/Merrill industrials/EU autos analysts hold analyst/industry conference call Analysts provide a discussion of the key takeaways from the recently held Global Industrials & European Autos Conference on an Analyst/Industry conference call. to be held on March 23 at 10 am.
Huntington Ingalls unit awarded $83M U.S. Navy contract Huntington Ingalls announced that its AMSEC LLC subsidiary has been awarded a contract by the U.S. Navy to provide engineering and technical services in support of the Navy Modernization Program. AMSEC LLC was one of several contractors awarded a three-year indefinite-delivery/indefinite-quantity, cost-plus-fixed-fee contract. The estimated ceiling amount of AMSEC's contract is $83M. Contract funds will be awarded on a competitive task order basis among the awardees.