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Huntington Ingalls Buys S.M. Stoller

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Huntington Ingalls Industries, Inc. (HII: Quote) said Thursday that it has bought The S.M. Stoller Corp., a provider of environmental, nuclear, and technical consulting and engineering services to the Department of Energy, Department of Defense and the private sector.

Stoller is a privately held company and performs work in 29 states from 18 offices across the U.S.

The value of the deal was not disclosed.

Stoller will be a wholly owned subsidiary of Huntington Ingalls Industries and will operate under its NNS division. NNS is the nation's sole designer, builder and refueler of nuclear-powered aircraft carriers and one of only two shipyards capable of designing and building nuclear-powered submarines.

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by RTT Staff Writer

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While stocks have largely maintained a positive bias over the course of the trading day on Thursday, the major averages are turning in a mixed performance in mid-day trading. The S&P 500 has reached a new record intraday high and the Dow has climbed back above 17,000, while the tech-heavy Nasdaq is posting a modest loss. Suggesting that the economy is gaining traction, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in July. Results of a survey released by the Federal Reserve Bank of Philadelphia on Thursday showed that regional manufacturing activity unexpectedly grew at an accelerated rate in the month of August, with the index of activity in the sector reaching a three-year high.
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