January 18, 2019
NEWPORT NEWS, Va., Jan. 18, 2019 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced today that it 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.
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.”
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong.
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