secwatch.observer — SEC 8-K summary
======================================

Issuer:     HUNTINGTON INGALLS INDUSTRIES, INC. (HII)
CIK:        0001501585
Form:       8-K
Filed at:   2021-07-06T23:59:59+00:00
Accession:  0001193125-21-208167
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HII to acquire Alion Science and Technology for $1.65B in cash from Veritas Capital
--------------------------------------------------------------------------------

- Acquisition of Alion for $1.65B cash; enterprise value to 2022 adjusted EBITDA multiple of ~12.2x.
- Alion expected to contribute ~$1.6B revenue and ~$135M adjusted EBITDA in 2022.
- Deal significantly cash flow accretive in 2022, GAAP EPS accretive in 2023; HII 2022-2024 FCF guidance raised by ~$200M.
- Technical Solutions pro forma revenue CAGR accelerated to 7-9% through 2024.
- Closing expected H2 2021, subject to regulatory approvals; funded with new senior notes and term loan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1501585/000119312521208167/0001193125-21-208167-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1501585/000119312521208167/d183414d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-208167

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer