Huntington Ingalls Industries Acquires G2 Inc.
December 03 2018 - 5:05PM
Huntington Ingalls Industries (NYSE:HII) announced today that it
has acquired G2 Inc., a nationally recognized cybersecurity
solutions and services company headquartered in Annapolis Junction,
Maryland. G2 will join HII’s Technical Solutions division.
Financial terms of the transaction are not being disclosed.
G2 provides pioneering solutions to the most significant
challenges affecting the nation’s ability to collect, target,
store, analyze and defend digital information. G2’s areas of
expertise include national cyber defense, computer network
exploitation, cyber analytics and the distributed analytic
platform.
“The acquisition of G2 adds advanced cybersecurity capabilities
to our portfolio and supports our strategy to expand our
professional services business,” said HII President and CEO Mike
Petters. “G2 has unique cyber experience that will enhance our
information assurance offerings and operations. We are pleased to
welcome G2 to the HII family.”
Technical Solutions President Andy Green added, “We are excited
to have such a widely respected group of cybersecurity experts
become part of our team. G2 brings a valuable combination of
innovation and technical expertise that has enabled it to solve
complex security problems for highly sophisticated government
clients. We look forward to leveraging G2’s advanced capabilities
to expand the solutions provided to our existing government
customers.”
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. 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, as well as other statements we may
make from time to time, 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, shifts in defense
spending, and changes in customer short-range and long-range
plans); our ability to estimate our future contract costs and
perform our contracts effectively; changes in procurement processes
and government regulations and our ability to comply with such
requirements; our ability to deliver our products and services at
an affordable life cycle cost and compete within our markets;
natural and environmental disasters and political instability; our
ability to execute our strategic plan, including with respect to
share repurchases, dividends, capital expenditures, and strategic
acquisitions; adverse economic conditions in the United States and
globally; changes in key estimates and assumptions regarding our
pension and retiree health care costs; security threats, including
cyber security threats, and related disruptions; 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 obligation to update or revise any forward-looking
statements. You should not place undue reliance on any
forward-looking statements that we may make.
Contact:
Beci BrentonBeci.brenton@hii-co.com(202) 264-7143
Huntington Ingalls Indus... (NYSE:HII)
Historical Stock Chart
From Mar 2024 to Apr 2024
Huntington Ingalls Indus... (NYSE:HII)
Historical Stock Chart
From Apr 2023 to Apr 2024