Home / M&A Activity / Done Deal: Zytel Becomes GTEC Cyber Solutions; John Hillen Comments

Done Deal: Zytel Becomes GTEC Cyber Solutions; John Hillen Comments

Global Defense Technology & Systems, Inc. (NASDAQ: GTEC) has completed the acquisition of Zytel Corporation (Zytel) for $26.8 million.

Zytel will be rebranded GTEC Cyber Solutions and will focus on cybersecurity and mission systems in support of intelligence, counterterrorism, and cyber-warfare missions.

“This business combination fulfills a key element of our strategy to grow GTEC’s market presence by acquiring companies that either bring more depth to what we do today or provide complementary solutions, ” said CEO John Hillen. “We are pleased to expand GTEC’s capabilities in the critical cyber intelligence and cyber-warfare areas and we look forward to leveraging the full breadth of our experience and expertise to support the cybersecurity efforts of our national-security customers.”

Check Also

Kratos Receives $109M USAF Contract for Unmanned Aerial Target Production

Kratos Defense and Security Solutions (Nasdaq: KTOS) has landed a potential three-year, $109 million contract to …

Boeing to Help Engineer SOCOM MH-47 Helicopter Under Potential $264M IDIQ

Boeing (NYSE: BA) has secured a potential five-year, $264 million contract to support engineering work on …