Huntington Ingalls Industries to Acquire Alion Science and Technology
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Huntington Ingalls Industries has entered into a definitive agreement to acquire Alion Science and Technology for $1.65 billion in cash from Veritas Capital, subject to customary adjustments.
Alion provides advanced engineering and Research & Development (R&S) services in the areas of Intelligence, surveillance and reconnaissance (ISR), military training and simulation, cyber, data analytics and other next-generation technology based solutions to the Department of Defense and intelligence community customers, with the U.S. Navy representing about one third of current annual revenues. Alion is poised for continued strong growth with over $3 billion in backlog, with more than $5 billion in estimated contract value and a robust opportunity pipeline. Alion has more than 3,200 employees with over 80% of employees maintaining security clearances.
