David Thompson: Orbital, ATK Set Feb. 9 Date to Close A&D Merger and Outdoor Group Spinoff

David Thompson
David Thompson Both sets of stockholders Orbital Sciences (NYSE: ORB) and ATK (NYSE: ATK) voted Tuesday to approve the transaction that will see Orbital merge with ATK’s aerospace and defense groups. The merger is scheduled to close Feb. 9 and the combined company will trade as Orbital ATK under the stock ticker symbol “OA” on the New York Stock Exchange the next day, Orbital said...

Raytheon Purchases Unmanned Tech Services Firm Sensintel; Taylor Lawrence Comments

Taylor Lawrence
Taylor Lawrence Raytheon (NYSE: RTN) has purchased Tucson, Ariz.-based unmanned aircraft systems services firm Sensintel for an undisclosed sum and will integrate the company into Raytheon’s missile systems business. Taylor Lawrence, president of Raytheon’s missile systems segment, said Monday Sensintel will become a part of Raytheon’s advanced missile systems product line as Raytheon...

Bridge Growth Partners Closes CRGT Purchase: Alok Singh Comments

CRGT
New York City-based private equity firm Bridge Growth Partners has completed its acquisition of a majority ownership stake in data analytics and cybersecurity contractor CRGT from Veritas Capital. “The federal IT services sector represents fertile ground for agile software development, big data, and cybersecurity,” Alok Singh, co‐founder and managing principal at Bridge Growth Partners, said...

Olivier Piou: Gemalto Closes SafeNet Acquisition for Enterprise, Cloud Security Strategy

Cybersecurity
Amsterdam-based online security firm Gemalto has closed its estimated $890 million cash acquisition of Maryland-headquartered enterprise data protection technology maker SafeNet from Vector Capital. Gemalto said Wednesday it will add SafeNet into the payment and identity segment and the purchase is primarily of platforms and services. Olivier Piou, Gemalto CEO, said the company purchased SafeNet...

FTC Clears Engility-TASC Deal, Firms Eye 1Q 2015 for Closure

acquisition
The Federal Trade Commission has given Engility Holdings (NYSE: EGL) the go-ahead to continue its estimated $1.1 billion all-stock acquisition of TASC. The FTC terminated the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and this move completes one of the conditions for the transaction’s closure, Engility said Thursday. Engility and TASC expect to complete...

Tom Ferrando: Bridge Growth Partners to Buy CRGT in Federal Market Expansion Push

Tom Ferrando_GovConWire
Tom Ferrando New York City-based private equity firm Bridge Growth Partners has agreed to purchase majority ownership of federal software development and data analytics services contractor CRGT from an affiliate of Veritas Capital for an undisclosed sum. Bridge Growth said Wednesday that it expects to close the transaction by the end of the year and that Veritas, which acquired CRGT in 2008, will...

Marillyn Hewson: Lockheed Makes Federal Health IT Play With Buy of Systems Made Simple

Marillyn Hewson
Marillyn Hewson Lockheed Martin (NYSE: LMT) has agreed to acquire Syracuse, New York-based health information technology services contractor Systems Made Simple for an undisclosed sum in a push to expand offerings in the federal health IT market. The companies expect to close the deal within 30 days and Systems Made Simple will be a part of Lockheed’s information systems and global solutions...

Booz Allen Purchases Health Informatics Firm Epidemico; Karen Dahut Comments

Karen Dahut
Karen Dahut Booz Allen Hamilton (NYSE: BA) has acquired Boston-based population health informatics company Epidemico for an undisclosed sum in a push to further develop analytics offerings in population health. Karen Dahut, a Booz Allen executive vice president, said Wednesday that the acquisition is “aligned to Booz Allen’s Innovation agenda, adding a creative and successful startup to...

Engility Inks $1B Deal for TASC, Tony Smeraglinolo to Retain CEO Title

acquisition
Engineering and technical services contractor Engility Holdings (NYSE: EGL) has agreed to purchase professional services provider TASC for $1.1 billion in stock. Both Chantilly, Virginia-based companies said Tuesday they expect to close the deal in the first quarter of 2015, pending votes from both sets of shareholders and regulatory approvals. Engility expects the deal to increase its earnings...

FCC Approves Level 3’s Buy of TW Telecom, Shareholder Votes Set for Tuesday

NGENGlobe
The Federal Communications Commission has approved Level 3 Communications‘ (NYSE: LVLT) proposed $5.3 billion acquisition of business phone and Internet service provider tw telecom (NASDAQ: TWTC). Level 3 announced the receipt of the approval Friday and the transaction is subject to the approval of stockholders from both companies. According to the Denver Business Journal, the stockholder vote...