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Tag Archives: Acquisition

KBR Unveils Rebranded Wyle as $570M Acquisition Closes


KBR (NYSE: KBR) has closed the $570 million purchase of government engineering and technical services contractor Wyle, which will operate under the name of KBRwyle within the parent company’s government services segment. KBR CEO Stuart Bradie said Tuesday the company expects government services revenue to total $2 billion per year post-acquisition and have …

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Leidos CEO Roger Krone to Lead Briefings With Employees From Lockheed IS&GS

Roger Krone

TYSONS CORNER, VA, June 23, 2016 — Leidos (NYSE: LDOS) Chairman and CEO Roger Krone will lead town hall meetings with incoming employees from Lockheed Martin‘s (NYSE: LMT) information systems and global solutions business ahead of the close of a $5 billion deal to acquire the latter, ExecutiveBiz reported Monday. Forbes reported …

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Symantec to Buy Web Security Firm Blue Coat for $4.65B; Dan Schulman Comments


Symantec (Nasdaq: SYMC) has agreed to purchase Sunnyvale, California-based security and network technology provider Blue Coat Inc. for approximately $4.65 billion cash in an effort to help protect government and enterprise customers from cybersecurity threats. Greg Clark, CEO of Blue Coat, will take the helm at Symantec as CEO as well as …

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Grant Thornton Vet Stephen Chipman Named Radius CEO; Chris Stone Comments

Stephen Chipman

Stephen Chipman, former CEO of Grant Thornton, has been appointed CEO of Boston-based global expansion services provider Radius. Radius said Thursday Chipman will succeed Chris Stone, who will continue to serve as a member of the company’s board of directors. Stone said Chipman is expected to help Radius advance its …

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Mike Poth: FirstNet Eyes Public Safety Broadband Network Contract Award in November

wireless communications

The First Responder Network Authority closed the process Tuesday for the submission of final bids from vendors interested in the contract to build a proposed national public safety broadband network for first responders. FirstNet CEO Mike Poth said Tuesday the agency will now move to the evaluation phase and plans …

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Doug Davis: Intel to Buy Computer Vision Algorithms Provider Itseez


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


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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