QinetiQ announced on Wednesday that it will expand into the multibillion-dollar cyber security marketplace with the acquisition of Arlington-based Cyveillance, a provider of online monitoring services designed to help companies guard against Internet threats. Duane Andrews, QinetiQ North America CEO said, “We believe Cyveillance is well positioned to benefit from the increased importance that the administration is placing on addressing cyber security as the risk of new and increasingly sophisticated online threats increases.” Read entire press release…
Private equity firm AE Industrial Partners has agreed to acquire heavy-lift rotorcraft manufacturing and operations services provider Columbia Helicopters for an undisclosed amount. AEI said Thursday Columbia Helicopters CEO Steve Brandy will continue to serve in his position and Nancy Lematta will keep her majority share as part of the transaction.
The U.S. Navy has announced plans to award Perspecta (NYSE: PRSP) a contract extension to continue to provide information technology services under the service’s Next Generation Enterprise Network program.