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News Breaks
May 19, 2014
11:56 EDTHIIHuntington Ingalls to acquire UniversalPegasus International
UniversalPegasus International has entered into an agreement under which it will be acquired by Huntington Ingalls Industries, subject to the satisfaction of certain customary closing conditions. HII designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides aftermarket services for military ships around the globe and also provides a wide variety of products and services for the commercial energy industry and other government customers, including the Department of Energy. The transaction is expected to close in June.
News For HII From The Last 14 Days
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July 1, 2015
17:31 EDTHIIHuntington Ingalls unit awarded $75M contract
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June 29, 2015
07:22 EDTHIIBWX Technologies would be M&A fit for Huntington Ingalls, says Deutsche Bank
Deutsche Bank noted that the planned spin-off of BWX Technologies (BWXT) from Babcock & Wilcox (BWC) is scheduled to be completed this week on July 1, stating that it believes the spun off company is likely to attract the attention of strategic players such as Huntington Ingalls (HII) and General Dynamics (GD). The firm thinks the potential M&A fit looks "most striking" for Huntington and estimates that a deal multiple could reach 10-11X the about $300M in EBITDA at BWX Technologies, which would likely be "worth the stretch" for the shipbuilder.
June 26, 2015
15:17 EDTHIIHuntington Ingalls unit awarded contract valued at up to $65M
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June 22, 2015
17:28 EDTHIIHuntington Ingalls division awarded $23.8M Navy contract
Huntington Ingalls Industries announced that its Newport News Shipbuilding division has received a $23.8M contract from the U.S. Navy for nuclear propulsion and complex modernization work on the aircraft carrier USS George H.W. Bush as part of its planned incremental availability. The contract is for work to be completed between June and November at Norfolk Naval Shipyard and will include planning, procurement, fabrication, execution and testing.

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