Home / M&A Activity / AMERICAN SYSTEMS to Buy SAIC’s Testing Unit; Bill Hoover Comments

AMERICAN SYSTEMS to Buy SAIC’s Testing Unit; Bill Hoover Comments

Bill Hoover

AMERICAN SYSTEMS has agreed to acquire SAIC Inc.’s (NYSE: SAI) testing and evaluation unit and expects to close the transaction by mid-October, AMERICAN SYSTEMS announced Thursday.

SAIC announced last week it plans to complete a split into two independent, publicly-traded companies by the second half of fiscal year 2014.

Close to 300 SAIC employees will join AMERICAN SYSTEMS’ human capital and managed services group led by Jason Frye, a vice president and general manager.

“AMERICAN SYSTEMS identified the test and evaluation market as a key element of our strategic plan several years ago, ” AMERICAN SYSTEMS President and CEO Bill Hoover said in a release.

The company recently won a prime position on an estimated $871.4 million contract to help the Defense Information Systems Agency carry out testing and evaluation.

Check Also

Heather Wilson: Air Force to Keep an Eye on Northrop-Orbital ATK Merger Plan

Air Force Secretary Heather Wilson has said she has no concerns on Northrop Grumman’s (NYSE: NOC) …

Orbital ATK Books $123M in Additional Army Precision Guidance Kit Orders

Orbital ATK (NYSE: OA) has received orders worth a combined $123 million from the U.S. Army to …

Subscribe to our Newsletter
I will subscribe later