Hello, Guest!
  • Saturday, September 23, 2023

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

Peter Smith Elected as Board Chairman at American Systems Executive Moves

Peter Smith Elected as Board Chairman at American Systems

Peter Smith, former president and CEO of American Systems, has been elected chairman of the board of directors at the engineering and information technology contractor. Smith, who retired after more than four decades of company service, succeeds Bill Hoover, who has been chairman of the board since 2015, American Systems said Wednesday. “I want to
Peter Smith to Retire as American Systems CEO, John Steckel Named Successor Executive Moves

Peter Smith to Retire as American Systems CEO, John Steckel Named Successor

American Systems President and CEO Peter Smith is set to retire on Sept. 5 after a 43-year career with the company and will be succeeded by John Steckel, vice president of corporate development. Smith, a three-time Wash100 winner, will continue to be part of American Systems’ board of directors after he steps down from the
American Systems Board Adds HR VP Chris Braccio Executive Moves

American Systems Board Adds HR VP Chris Braccio

Chris Braccio, vice president of human resources at American Systems, has been appointed to the board of directors for the Chantilly, Virginia-based government services contractor. She will fill a board seat that became vacant when 43-year company veteran Joe Kopfman retired, American Systems said Monday. “Her passion for her profession and deep commitment to the