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Tag Archives: Mike Petters

Huntington Ingalls Launches $1B Govt Services Segment As $380M Camber Buy Closes

Huntington Ingalls Industries (NYSE: HII) has officially launched its new government services business segment upon the completion of the Newport News, Virginia-based military shipbuilder’s $380 million purchase of Camber Corp. announced in November. Huntington Ingalls said Friday the segment will operate under the name of HII Technical Solutions and offer professional services to government and commercial customers worldwide as Camber joins …

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Leidos’ Roger Krone Joins Board of Governors at Aerospace Industries Association

TYSONS CORNER, VA, Nov. 22, 2016 —  Aerospace Industries Association has elected Roger Krone, Leidos (NYSE: LDOS) chairman and CEO, to its executive board of governors for 2017, GovCon Executive reported Friday. Krone will join Boeing (NYSE: BA) CEO Dennis Muilenburg and Raytheon (NYSE: RTN) CEO Thomas Kennedy, who will respectively serve as …

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Huntington Ingalls CEO: Shipbuilder Gains Prime Contract Opportunities Through Camber Purchase

Huntington Ingalls Industries (NYSE: HII) believes its pending $380 million acquisition of Camber Corp. gives the military shipbuilder increased opportunities through prime contract vehicle positions in government services for work previously only available as a subcontractor, HII CEO Mike Petters told investors Thursday. Camber posted $364 million in revenue and holds prime positions on five government-wide …

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Huntington Ingalls to Buy Camber for $380M to Add IT, Govt Services Market Footprints

Military shipbuilder Huntington Ingalls Industries (NYSE: HII) has agreed to acquire government services contractor Camber Corp. for $380 million in a move to diversify revenue and add new information technology work with U.S. defense, intelligence and civilian agencies. Huntington Ingalls’ move for Camber comes in a year where other larger defense prime contractors …

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Huntington Ingalls CEO Calls for Earlier Start to LX(R) Dock-Landing Ship Program

TYSONS CORNER, VA, April 4, 2016 — A Huntington Ingalls Industries (NYSE: HII) executive has urged the U.S. Navy to proceed with the LX(R) dock-landing ship development program in fiscal 2018 rather than fiscal 2020, ExecutiveBiz reported Friday. Reuters reported Tuesday HII CEO Mike Petters said starting the program earlier works to limit a potential gap …

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Michael Smith Named Huntington Ingalls Corporate VP for Strategy, Devt; Mike Petters Comments

Michael Smith, formerly corporate vice president for business growth at Huntington Ingalls Industries (NYSE: HII), has been named corporate VP for strategy and development. He will succeed Christopher Kastner, who will take Barbara Niland’s role as corporate VP and chief financial officer after her retirement, HII said Tuesday. Smith will report to …

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Raytheon’s David Wajsgras Joins CNAS Board of Advisers

TYSONS CORNER, VA, January 19, 2016 — David Wajsgras, president of Raytheon‘s (NYSE: RTN) intelligence, information and services business, is one of nine executives who have joined the board of advisers at the Center for a New American Security, GovCon Executive reported Friday. CNAS said Thursday the executives come from …

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Christopher Kastner to Become Huntington Ingalls CFO in March 2016; Mike Petters Comments

Christopher Kastner, corporate vice president and general manager of corporate development at Huntington Ingalls Industries (NYSE: HII) will transition into new roles as chief financial officer and corporate VP for business development by March 1. Kastner will succeed the retiring Barbara Niland and oversee business and profit growth strategies as …

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Mike Petters Cites Irwin Edenzon’s Leadership in Nimitz Award Nomination

TYSONS CORNER, VA April 17, 2015 — Executive Mosaic — Huntington Ingalls Industries (NYSE: HII) President and CEO Mike Petters has credited Irwin Edenzon’s efforts during his tenure as president of Ingalls Shipbuilding to the current state of the HII subsidiary’s portfolio. Petters nominated the retired official to the Navy League’s …

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Mike Petters: HII Shipyards to Open On-Site Family Healthcare Centers

TYSONS CORNER, VA March 30, 2015 — Executive Mosaic — ExecutiveBiz reported Friday on Huntington Ingalls Industries’ (NYSE: HII) plan to set up family health centers at its two shipyards this year. Mike Petters, HII president and CEO, said the company has recruited a third-party provider to manage the clinics, which …

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