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Tag Archives: M&A Activity

MAG Aerospace Buys North American Surveillance Systems; Joe Fluet Comments

Fairfax, Va.-based aviation services provider MAG Aerospace has bought North American Surveillance Systems in a move to grow aircraft systems integration and technical service offerings. The deal adds more than 75 aircraft integration, modification, maintenance, repair and overhaul professionals to MAG’s workforce, the company said Monday. MAG works with federal customers to help them …

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Perspecta Leadership Team Rings NYSE Opening Bell; Mac Curtis Comments

Mac Curtis, Perspecta (NYSE: PRSP) president and CEO, led the ringing of the opening bell Monday at the New York Stock Exchange to mark the company’s launch after it completed its separation from DXC Technology (NYSE: DXC) and merger with Vencore and KeyPoint Government Solutions. Mike Lawrie, chairman of Perspecta’s …

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Chris Bauer Joins Valiant as SVP, COO of National Security & Mission Support Division

Chris Bauer, a more than 25-year government contracting industry veteran, has joined Valiant Integrated Services as a senior vice president and chief operating officer of the firm’s national security and mission support division. Bauer will lead the delivery of knowledge-based services such as intelligence analysis and language services as well as …

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Reports: Inmarsat Turns Down EchoStar’s Takeover Offer

Inmarsat has declined to accept Colorado-based EchoStar’s (Nasdaq: SATS) takeover bid, saying the offer “undervalued” the U.K.-based satellite communications provider, Reuters reported Saturday. “After carefully considering the proposal with its advisers the board rejected the proposal on the basis that it very significantly undervalued Inmarsat and its standalone prospects,” Inmarsat …

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Culmen Buys PlanetRisk’s Federal Services Business; Dan Berkon Comments

Alexandria, Va.-based technical and management services contractor Culmen International has bought the federal services business of PlanetRisk for an undisclosed sum in a push to grow technology and expertise offerings in the federal market. Culmen CEO Dan Berkon said in a statement released Friday the company aims to establish new customer relationships within …

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Northrop Closes Orbital ATK Purchase; Blake Larson Named Innovation Systems Sector President

Northrop Grumman (NYSE: NOC) wrapped up its approximately $9.2 billion purchase of Orbital ATK on Wednesday and will now run the newly acquired company as its fourth business sector called Northrop Grumman Innovation Systems. Blake Larson, most recently chief operating officer at Orbital ATK, has been elected by the board as …

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FTC Clears Northrop’s Orbital ATK Purchase

The Federal Trade Commission has given Northrop Grumman (NYSE: NOC) antitrust approval to proceed with its proposed $9.2 billion acquisition of Orbital ATK (NYSE: OA). Northrop said Tuesday the FTC clearance calls for it to make solid-rocket motors available to competitors on “a non-discriminatory basis” and that it expects to close the deal …

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Qualys to Buy Second Front Systems in Federal Market Expansion Push

Qualys (Nasdaq: QLYS) has signed a letter of intent to buy Arlington, Va.-based advisory services provider Second Front Systems for an undisclosed sum as part of efforts to expand its footprint in the federal government, military and national security markets. Qualys said Monday both companies need to sign definitive agreements before …

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Report: Kelly Ferrell Named General Dynamics IT Business Chief Growth Officer

Kelly Ferrell, formerly general manager of intelligence division at General Dynamics’ (NYSE: GD) information technology business, has been promoted to senior vice president and chief growth officer at GDIT, the Washington Business Journal reported Monday. Ferrell will succeed George Batsakis, most recently CSRA’s chief growth officer who was appointed to …

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Valiant Closes $135M Purchase of Cubic’s Global Defense Services Business; Bradley Feldmann Comments

Valiant Integrated Services has wrapped up its approximately $135 million cash acquisition of Cubic’s (NYSE: CUB) global defense services business. Bradley Feldmann, Cubic chairman, president and CEO, said in a statement published Friday the completion of the divestiture is a significant step for the company as it works to achieve and bring …

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