Huntington Ingalls Industries to Acquire Camber Corporation

Huntington Ingalls Industries announced that it has agreed to acquire Camber Corporation for $380 million, including $25 million in tax benefits.  Camber is a $364 million revenue provider of IT and technical services including agile software, network engineering, modeling simulation and training, unmanned systems, systems engineering, and data analytics.  Camber's customers include the US Navy, US Army, Administrative Office of the United States Courts, US Postal Service, and the Intelligence Community.  The company has approximately 1,100 employees and backlog of approximately $800 million.  The deal is expected to close in late 2016.