Alion plans initial public offering
McLean-based Alion Science and Technology Corp. is planning an initial public offering to raise up to $100 million.
The company, an engineering, technology and operational solutions firm, has filed a registration statement for the common stock IPO with the U.S. Securities and Exchange Commission.
Alion said the number of shares and price range of the proposed offering have not yet been determined.
Infromation filed with the SEC showed the company had revenue of $847 million during calendar year 2014, with a net loss of $35.4 million.
During the company's 2014 fiscal year, which ended Sept. 30, Alion had revenue of $804.8 million and a loss of $44 million.
The underwriters for the proposed offering are Credit Suisse Securities (USA) LLC, Jefferies LLC and Wells Fargo Securities LLC.
Alion’s market areas include naval architecture and marine engineering; systems analysis, design and engineering; and modeling, simulation, training and analysis.