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Tag Archives: Acquisition

Doug Davis: Intel to Buy Computer Vision Algorithms Provider Itseez

acquisition

Intel (Nasdaq: INTC) has agreed to purchase Itseez, a developer of computer vision, machine learning and pattern recognition algorithms. Doug Davis, senior vice president and general manager of the Internet of Things group at Intel, wrote in a blog post published Thursday that Itseez will join Intel’s IoT group to develop …

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PAE, Platinum Equity Eye Organic Growth, New Investments After Acquisition Deal

PAE logo

TYSONS CORNER, VA, May 25, 2016 — PAE CEO John Heller has said the company is working with Platinum Equity, which bought PAE in January, to establish an organic growth strategy and explore potential investments for the government contractor, ExecutiveBiz reported Tuesday. Heller told the publication that the acquisition itself is an indication of …

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KBR CEO Stuart Bradie: Wyle Purchase Adds US Govt R&D Contracts as Complement to Overseas Work

acquisition, merger

KBR‘s (NYSE: KBR) move to purchase U.S. government engineering and technical services contractor Wyle Laboratories for $570 million aims to add a pipeline of domestic research-and-development services to federal agencies as a complement to work carried out overseas, KBR CEO Stuart Bradie told investors Monday. Bradie said a majority of KBR’s government …

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Texas Wyoming Drilling Changes Name to Drone USA; Michael Bannon Comments

drone

Texas Wyoming Drilling has changed its name to Drone USA to reflect its focus on the production of low-altitude unmanned aerial vehicles, quadcopters and other fixed-wing systems. The Financial Industry Regulatory Authority also approved Thursday the company’s plan to trade its common stock on OTC Markets under the ticker symbol DRUS …

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AE Industrial Partners Acquires Composite & Metallic Parts Manufacturer AC&A

acquisition, merger

AE Industrial Partners has acquired AC&A, a manufacturer of composite and metallic parts and tooling for the aerospace, defense, space and automotive markets. The private investment firm said Thursday the deal follows AEI’s purchase of Belcan, an engineering project management and technical staffing company, and Kellstrom Materials, a parts support and supply chain management provider for …

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Booz Allen’s Susan Lawrence: Gov’t Should Look to Industry for Acquisition Lessons

Susan Lawrence

TYSONS CORNER, VA, April 26, 2016 — Susan Lawrence, senior vice president for defense at Booz Allen Hamilton (NYSE: BAH), has said that acquisition lessons learned from her current job in industry can be applied to her previous work with the military, Executive Gov reported Friday. Signal Magazine reported Thursday that Lawrence, a …

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Former Sterling Global Operations Unveils New Name in Rebranding Effort

acquisition, merger

TYSONS CORNER, VA, April 6, 2016 — Sterling Global Operations has rebranded into Janus Global Operations following its acquisition of several risk management and security companies, ExecutiveBiz reported Tuesday. Janus Global said Monday the purchase of Janus Security International, SNE Special Projects and Tundra Security Afghanistan has led to the rebranding effort. “Our …

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General Atomics Closes Purchase of Miltec From Ducommun

Predator

General Atomics has completed its $14.6 million acquisition of aerospace and defense technical business Miltec Corp. from Ducommun (NYSE: DCO). Ducommun said Monday the sale of its Miltec businesse is one part of its strategy to reduce company debt. Miltec provides weapons and military defense systems engineering, technical and program management services for …

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Reuters: Military Truck Manufacturer Navistar Open to Partnerships

alliance-partnership-connect

Troy Clarke, CEO of Navistar International (NYSE: NAV), has indicated that the company could look to partner with other companies to boost sales of its military and commercial truck offerings, Reuters reported Wednesday. Nick Carey writes some analysts have said Navistar is a potential target for partnership or acquisition due to the size of the …

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KEYW to Sell Systems Engineering & Technical Assistance Unit to Quantech Services

acquisition, merger

KEYW Corp. (Nasdaq: KEYW) has agreed on a $12 million cash deal for the sale of its systems engineering and technical assistance business to Quantech Services. “As part of an ongoing strategic review of our business, we came to the conclusion that the growth potential of both KEYW’s core business …

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