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.