Huntington Ingalls Industries Inc

NYSE:HII  
203.81
+1.64 (+0.81%)
Other Pre-Announcement, Mergers / Acquisitions

Huntington Ingalls Industries To Acquire Alion Science And Technology – Enhancing Its National Security Solutions Portfolio

Published: 07/06/2021 12:30 GMT
Huntington Ingalls Industries Inc (HII) - Huntington Ingalls Industries to Acquire Alion Science and Technology – Enhancing Its National Security Solutions Portfolio.
Huntington Ingalls Industries Inc - Agreement to Acquire Alion Science and Technology for $1.65 Billion in Cash From Veritas Capital.
Huntington Ingalls Industries Inc - Alion Will Become Part of Huntington Ingalls Industries' Technical Solutions Division.
Huntington Ingalls Industries Inc - Expected to Be Significantly Cash Flow Accretive in 2022 and GAAP EPS Accretive in 2023.
Huntington Ingalls Industries Inc - Expect to Fund Purchase Price Through a Combination of New Senior Notes and New Term Loan Facility.
Huntington Ingalls Industries - Expect Alion to Contribute Fiscal 2022 Revenue of About $1.6 Billion & Adjusted EBITDA of About $135 Million.
Huntington Ingalls Industries Inc - Significant Potential Incremental Long-term Revenue Synergies Identified From Deal.
Huntington Ingalls Industries - Expect About $25 Million of One-time Transaction & Financing Related Expenses in 2021.