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

CSC logo_GovConWire

Mike Lawrie: CSC Has ‘All Options’ on Table for HPE’s US Public Sector Arm Post-Merger

Computer Sciences Corp. (NYSE: CSC) CEO Mike Lawrie told investors Tuesday the company will consider an undefined …

CubicLogo

David Buss to Head Cubic’s Defense Segment, Mike Twyman Named Mission Solutions Division Lead

Cubic Corp. (NYSE: CUB) has promoted David Buss to president of the San Diego-based contractor’s global defense …

Subscribe to our Newsletter
I will subscribe later