Huntington Ingalls acquires UniverslPegasus International Huntington Ingalls announced that it has acquired UniversalPegasus International, a provider of engineering and project management services to the domestic and international energy markets. The intent to acquire UPI was announced on May 16. The value of the transaction is not being disclosed. UPI will be a subsidiary of HII reporting to Chris Kastner, corporate vice president and general manager, corporate development.
Huntington Ingalls downgraded on played out thesis at Bernstein As noted earlier, Bernstein downgraded Huntington Ingalls to Market Perform from Outperform. The firm says its thesis based on increases in the company's margins and free cash flow has played out. Target to $142 from $158.