in

Titan Eyes Naval Ship Repair Support Expansion Through HII Shipyard Buy; Andy Green Quoted

Titan Eyes Naval Ship Repair Support Expansion Through HII Shipyard Buy; Andy Green Quoted - top government contractors - best government contracting event
Andy Green
Andy Green

TYSONS CORNER, VA, February 18, 2020 — Titan Acquisition Holdings, the new company formed through a  merger between MHI Holdings and Vigor Industrial, is acquiring Huntington Ingalls Industries (NYSE: HII) shipyard in San Diego to expand vessel repair and sustainment services for the defense sector, GovCon Wire reported Thursday.

HII will become a minority stakeholder in Titan as part of the deal that both parties expect to close in the second quarter, the companies said Wednesday in a joint press release.

“We believe this transaction will enable us to leverage complementary capabilities, capacity and facilities to improve efficiencies and better serve the needs of our U.S. Navy customer,” said Andy Green, president of HII’s technical solutions segment and a 2020 Wash100 winner.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Press Releases

AceInfo to Support PBGC IT Operations Under $133M IDIQ; Michael Cosgrave Quoted - top government contractors - best government contracting event
AceInfo to Support PBGC IT Operations Under $133M IDIQ; Michael Cosgrave Quoted
HPE Wins $62M DISA Integrated Processor Capacity Services IDIQ - top government contractors - best government contracting event
HPE Wins $62M DISA Integrated Processor Capacity Services IDIQ