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.
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