Shipbuilder Huntington Ingalls Industries [HII] on Friday completed its $380 million acquisition of government services provider Camber Corp. and formed a new $1 billion operating division HII Technical Solutions that will be led by Andy Green.
HII Technical Solutions brings together Camber and HII’s other service businesses, including AMSEC, Continental Maritime of San Diego, Newport News Industrial, SN3, Undersea Solutions Group, and UniversalPegasus International. Mike Petters, HII’s president and CEO, said the new division will strategically align HII’s services businesses and give it scale and capabilities to grow.
“The acquisition of Camber and the consolidation of our existing service businesses into a dedicated division provides the breadth and scale necessary to successfully pursue numerous growth opportunities,” Petters said in a statement. “Camber brings a broad array of capabilities to the HII team, and we are excited about the possibilities of growing the combined businesses.”
HII said that its newly formed Technical Solutions segment provides agile software development and network engineering, training systems, logistics support, information technology, fleet maintenance and modernization, unmanned undersea systems, nuclear engineering and fabrication, and oil and gas engineering.
Green joined HII in 2011 and most recently served as corporate vice president of corporate development. He also has managed investor relations and served as vice president of component manufacturing at Newport News Shipbuilding. Green is a Naval Academy graduate and service as a nuclear submarine officer.
“Andy’s strong leadership and deep understanding of the services market make him the right choice to build and grow a highly competitive, people-driven, customer-centric professional services company,” Petters said.