Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

AMERICAN SYSTEMS to Buy SAIC’s Testing Unit; Bill Hoover Comments

Bill Hoover

AMERICAN SYSTEMS has agreed to acquire SAIC Inc.’s (NYSE: SAI) testing and evaluation unit and expects to close the transaction by mid-October, AMERICAN SYSTEMS announced Thursday.

SAIC announced last week it plans to complete a split into two independent, publicly-traded companies by the second half of fiscal year 2014.

Close to 300 SAIC employees will join AMERICAN SYSTEMS’ human capital and managed services group led by Jason Frye, a vice president and general manager.

“AMERICAN SYSTEMS identified the test and evaluation market as a key element of our strategic plan several years ago, ” AMERICAN SYSTEMS President and CEO Bill Hoover said in a release.

The company recently won a prime position on an estimated $871.4 million contract to help the Defense Information Systems Agency carry out testing and evaluation.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles