Huntington Ingalls Industries to acquire Alion Science and Technology for $1.65 billion
Clients Huntington Ingalls Industries, Inc.
Jones Day is advising Huntington Ingalls Industries in the $1.65 billion acquisition of Alion Science and Technology Corporation from Veritas Capital.
Alion provides advanced engineering and R&D services in the areas of ISR, military training and simulation, cyber, data analytics and other next-generation technology-based solutions to the Department of Defense and intelligence community customers, with the U.S. Navy representing about one-third of current annual revenues.
The transaction is expected to close in the second half of 2021 and is subject to customary closing conditions, including regulatory approvals.