January 18, 2019
HUNTINGTON INGALLS INDUSTRIES TO ACQUIRE FULCRUM IT SERVICES
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.”
About HII
HII is America's Seapower Company. The nation’s largest shipbuilder, HII builds the manned and unmanned maritime systems and all-domain mission technologies that project U.S. and allied power around the world. With a more than 140-year history of advancing U.S. national security, HII is headquartered in Virginia and employs 45,000 people across three divisions.
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