11 | 7 | 2016
A weekly publication of Newport News Shipbuilding
Honoring Our Veterans In honor of Veterans Day, Newport News Shipbuilding and the Veterans Employee Resource Group (VERG) plan to host several activities throughout the week to honor veterans. Activities are open to all employees. See full schedule on page 2. Photo by Ricky Thompson
HII to Acquire Camber Corporation and Establish New Technical Solutions Segment Huntington Ingalls Industries announced last week 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. “This acquisition is consistent with our Path to 2020 strategy to optimize and expand our services portfolio while continuing to invest in our shipbuilding business and returning substantially all free cash flow to shareholders,” said Mike Petters, HII’s president and CEO. “Camber has an impressive and complementary array of people, capabilities and relationships that make it a great fit for us, and we are excited to welcome Camber’s 1,700 employees to the HII family.” HII will acquire Camber for $380 million, which includes approximately $25 million of tax benefits, subject to customary closing adjustments. Visit http://newsroom.huntingtoningalls.com/ to read the entire release.
Billboard along I-664 South celebrates aircraft carriers in honor of National U.S. Navy Aircraft Carrier Month.
November is National Aircraft Carrier Month Nov. 1 marked the beginning of National U.S. Navy Aircraft Carrier Month. For more information on the celebration or how to get involved, visit www.aircraftcarrier.com/launch/.