PHOTO RELEASE--Huntington Ingalls Industries Completes Acquisition of Camber Corp. And Forms New Technical Solutions Division...
December 02 2016 - 9:00AM
Huntington Ingalls Industries (NYSE:HII) announced today that it
has completed its previously announced acquisition of Camber
Corporation and formed a new operating division, HII Technical
Solutions. The new division will be led by Andy Green, who will
serve as an executive vice president of HII and president of HII
Technical Solutions, reporting directly to HII President and CEO
Mike Petters.
“The acquisition of Camber and the consolidation of our existing
service businesses into a dedicated division provides the breadth
and scale necessary to successfully pursue numerous growth
opportunities,” Petters said. “Camber brings a broad array of
capabilities to the HII team, and we are excited about the
possibilities of growing the combined businesses. This is an
important investment in the future of our company, and we welcome
Camber to the HII family."
HII Technical Solutions is a professional services business
providing solutions to a wide variety of government and commercial
customers worldwide. The division provides agile software
development and network engineering, training systems, logistics
support, information technology, fleet maintenance and
modernization, unmanned undersea systems, nuclear engineering and
fabrication, and oil and gas engineering. HII Technical Solutions
reflects the consolidation of Camber with several of HII’s existing
subsidiaries, including AMSEC, Continental Maritime of San Diego,
Newport News Industrial, SN3, Undersea Solutions Group and
UniversalPegasus International.
“This new division will enhance strategic and operational
alignment among our services businesses, expand opportunities for
growth and, because it is a reportable operating segment, improve
performance transparency,” Petters said. “Andy’s strong leadership
and deep understanding of the services market make him the right
choice to build and grow a highly competitive, people-driven,
customer-centric professional services company.”
Green joined HII in 2011 and has since served in several
leadership positions, including corporate vice president of
investor relations, vice president of component manufacturing at
Newport News Shipbuilding and, most recently, corporate vice
president of corporate development, where he was responsible for
all of HII’s corporate development activities related to
shipbuilding and technical services. Prior to joining HII, he was
vice president of investor relations at Celanese Corp., managing
director at Wells Fargo Securities and manufacturing engineer at
Eaton Corp. Green graduated from the United States Naval Academy
with a bachelor’s degree in systems engineering and served as a
nuclear submarine officer aboard USS Tecumseh (SSBN 628). He holds
an M.B.A. from Duke University.
A photo of Andy Green is available at:
http://newsroom.huntingtoningalls.com/file?fid=58408f632cfac255812ee4b7.
HII Technical Solutions has more than 5,000 employees working in
35 states and 11 countries.
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, Integrated Missions Solutions, Nuclear and Environmental,
and Oil and Gas groups. Headquartered in Newport News, Virginia,
HII employs nearly 37,000 people operating both domestically and
internationally. For more information, visit:
- HII on the web: www.huntingtoningalls.com
- HII on Facebook:
www.facebook.com/HuntingtonIngallsIndustries
- HII on Twitter: twitter.com/hiindustries
Statements in this release, other than statements of historical
fact, constitute “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties that
could cause our actual results to differ materially from those
expressed in these statements. Factors that may cause such
differences include: changes in government and customer priorities
and requirements (including government budgetary constraints and
changes in customer short-range and long-range plans); our ability
to win new contracts and perform our contracts effectively; changes
in procurement processes and government regulations and our ability
to comply with such requirements; our ability to compete within our
markets; our ability to effectively integrate Camber into our
existing business operations and achieve projected operating
results; our ability to achieve the results we expect from the
formation of the new Technical Solutions segment; and other risk
factors discussed in our filings with the U.S. Securities and
Exchange Commission. There may be other risks and uncertainties
that we are unable to predict at this time or that we currently do
not expect to have a material adverse effect on our business, and
we undertake no obligations to update any forward-looking
statements. You should not place undue reliance on any
forward-looking statements that we may make.
Contact:
Beci Brenton
Beci.brenton@hii-co.com
(202) 264-7143
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