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Huntington Ingalls Industries To Acquire Alion Science

Huntington Ingalls Industries (NYSE:HII) introduced at this time that it has entered into a definitive agreement to collect Alien Science and Know-How from Veritas Capital for $1.65 billion in money, subject to customary changes. Alien is a highly value-added, technology-driven options supplier to the worldwide security market.

The transaction represents an enterprise value-to-expected 2022 adjusted EBITDA1 of approximately 12.2x the number. Alien will become part of the technical options division of Huntington Ingalls Industries. The transaction is expected to close in the second half of 2021, subject to normal closing conditions.

Alien offers superior engineering and R&D companies in the areas of ISR, Army Coaching and Simulation, Cyber, Knowledge Analytics and other next-generation knowledge-based options primarily for DoD and intelligence neighborhood prospects, including the US Navy. represents about a third. Current annual revenue.

Alien is poised for continued strong progress with a backlog of more than $3 billion at the moment, more than $5 billion in estimated contract value, and a strong alternative pipeline. Alien has over 3,200 employees and more than 80% of workers have security clearance.

Mike Peters, HEI President and CEO, said, “We established the Technology Options Division in 2016 with an imaginative and innovative approach to presentation and technology that is targeted at partnering with our prospects to address their most pressing challenges. could.”

“In the present-day announcement, with our earlier investments in Vanguard applied science, similar to cybersecurity and autonomous technologies, it is our endeavor to remain on the slicing fringe of critical, high-growth nationwide security options and generate significant long-term value. demonstrates the dedication of our shareholders.”

“The mix of Alien and our tech options venture represents a great value manufacturing option that broadens our capabilities and buyer entry into our target markets,” noted Andy Naive, HEI Government VP and President of Technical Options.

“The skilled Alien workforce and the highly complementary options and materials they supply are in keeping with the strategic imagination and presentation we have expressed for the technology choice enterprise, and we look forward to the significant growth potential that this mix represents. Excited about the relationship.”

Conference name and webcast information

Huntington Ingalls Industries will maintain a convention call to debate the transaction beginning July 6, 2021 at 9:00 a.m. ZAP Time. Individuals should call 844-825-9785 at least a quarter hour before the scheduled start time.

The name of the conference and a live audio broadcast of the supplemental presentation are available on the Investor Relations web page of the company’s website: ir.huntingtoningalls.com. A phone replay of the conference call will be available from this afternoon until July 13, 2021 by calling toll-free 877-344-7529 and using convention ID 10158316.

About Huntington Ingalls Industries

Huntington Ingalls Industries is the largest US military shipbuilding firm and a supplier of {professional} companies to officers and associates in business. For more than a century, HII’s Newport Information and Ingalls Shipbuilding Divisions in Virginia and Mississippi have built additional ships in additional shipbuilding lessons than any other American naval shipbuilder.

HII’s Technical Options Division assists with unmanned technologies, security and federal options and nuclear and environmental companies nationwide on security missions around the world. Headquartered in Newport Information, Virginia, HII employs more than 41,000 people working domestically and internationally. For additional information visit:

About alien science and information

Fixing some of our nation’s most complex nationwide security challenges, Alien works side by side with our security and intelligence communities as we design and ship better engineering options to meet current and future calls .

We dive deep into the foundations of the superficial and engineering complexities and produce innovation to reality. With great knowledge, world business experience in analytics and cyber security; Synthetic Intelligence and Machine Studies; Stay, digital and creative options; Digital Warfare and C5ISR; And speedy prototyping and manufacturing delivers Alien mission success to the point when it releases the most.

About Veritas Capital

Veritas is a longtime investor in companies operating at the intersection of technology and government. The agency invests in firms that operate in healthcare, nationwide security, software programs, training, aerospace, as well as critical goods, companies and software programs, primarily technology, for executives and industrial prospects around the world. and offer technology-enabled options. and security, authority companies, communications, and power industries.

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