Saturday, December 3, 2022

Huntington Ingalls Industries To Acquire Alion Science and Technology

Sign up here for our free newsletter that tells you about the newest stories, three mornings each week.

NEWPORT NEWS—Huntington Ingalls Industries announced recently that it has entered into a definitive agreement to acquire Alion Science and Technology for $1.6 billion in cash from Veritas Capital, subject to customary adjustments. Alion is a high value-added, technology-driven solutions provider for the global defense marketplace. The transaction is expected to close in the second half of 2021, subject to customary closing conditions.

Alion provides advanced engineering and Research & Development 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 (DOD) 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 more than $3 billion in backlog today, with more than $5 billion in estimated contract value, and a robust opportunity pipeline. Alion has more than 3,200 employees with more than 80 percent of employees maintaining security clearances.

“We established the Technical Solutions division in 2016 with a vision and strategy on partnering with our customers to solve their most pressing challenges,” said Mike Peters, HII’s President and CEO. “This announcement, coupled with our previous investments in leading-edge technologies, such as cybersecurity and autonomous systems, reflects our commitment to stay on the cutting edge of critical, high-growth national security solutions, and generate significant, long-term value for our shareholders.”

Andy Green, HII Executive Vice President and President of Technical Solutions echoed those sentiments. “The combination of Alion and our Technical Solutions business represents a significant value creation opportunity that broadens our capabilities and customer access in our target markets. The experienced Alion team and the highly complementary solutions and products they provide are consistent with the strategic visions we have articulated for the Technical Solutions business, and we are excited about the significant growth potential this combination represents.”

You must purchase this article or be a subscriber to comment on it.

More Defense News

Newport News Shipbuilding Authenticates Keel Of Attack Sub Arkansas

NEWPORT NEWS—The Newport News Shipbuilding (NNS) division of HII hosted a keel authentication ceremony on Saturday, November 19 for the Virginia-class submarine Arkansas (SSN...

Transition Overwatch Provides Career Options For Transitioning Service Members

Ten years ago, Transition Overwatch founder and CEO Sean Ofeldt was in a position that many military people find themselves in when getting ready...

The New Local News Model

On July 1, we started a new way to pay for news. Yes, we want you to subscribe, but we know nobody subscribes to every site they visit just because there's a paywall.

So if you don't want to subscribe (even at the low price of $39.99 for a year), you can pay for access to individual articles. Or just buy a 24-hour pass, as if you were buying a single copy of a newspaper. We use a new payment service called Transact, which lets you pay for individual articles in as little as three seconds. And you will get $3 in credit when you sign up (just an email address, no credit card required), which will let you pay for at least 20 articles.

This is new for everyone, so we're going to ease you into this. Initially, there won't be many articles that you have to pay for. Short ones will always be free. And even the longer stories will let you read the first half or so for free. We'd love to hear what you think, so send us a note at