2019 January 20 12:42
Huntington Ingalls Industries (NYSE:HII) has entered into an agreement to acquire Fulcrum IT Services, LLC, an information technology and government consulting company headquartered in Centreville, Va. The planned acquisition is expected to close in February, the shipbuilder said in a press release.
Financial terms of the transaction were not disclosed.
Fulcrum expands HII’s capabilities in enhanced situational awareness and predictive threat analytics through Fulcrum’s advanced engineering, cyber security, software development, big data engineering, and intelligence and special operations experience. Fulcrum will join HII’s Technical Solutions division.
“Fulcrum’s capabilities in software development, data analytics, cyber security and advanced engineering are strongly aligned with national security priorities and complement our priority practice areas,” said Andy Green, executive vice president of HII and president of Technical Solutions. “The company’s unique experience and capabilities across the C5ISR domain grow our reach and support in the intelligence and special operations communities.”
About Huntington Ingalls Industries
Huntington Ingalls Industries is America’s largest military shipbuilding company and a provider of professional services to partners in government and industry. For more than a century, HII’s Newport News and Ingalls shipbuilding divisions in Virginia and Mississippi have built more ships in more ship classes than any other U.S. naval shipbuilder. HII’s Technical Solutions division provides a wide range of professional services through its Fleet Support, Mission Driven Innovative Solutions, Nuclear & Environmental, and Oil & Gas groups. Headquartered in Newport News, Virginia, HII employs more than 40,000 people operating both domestically and internationally.