Huntington Ingalls Industries (HII) Misses Q3 EPS by 13c

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Huntington Ingalls Industries (HII) Enters Agreement to Acquire Camber Corporation

November 3, 2016 5:47 AM EDT

Huntington Ingalls Industries (NYSE: HII) announced that it has entered into a definitive agreement to acquire Camber Corporation, a government services company headquartered in Huntsville, Alabama. The planned acquisition has been approved by the HII Board of Directors and is expected to close in late 2016, subject to certain regulatory approvals and customary closing conditions.

Camber is a $364 million revenue generating, pure-play provider of sophisticated mission-based and information technology solutions. Major customers are the U.S. Navy and the U.S. Army; Federal and civilian customers to include the Administrative Office... More