Home / M&A Activity / AMERICAN SYSTEMS to Buy SAIC’s Testing Unit; Bill Hoover Comments

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.

Check Also

IntelliDyne Founder Robert Grey Returns to CEO Post

Robert Grey, founder of IntelliDyne, has been appointed to serve again as CEO of the Falls Church, Va.-based information technology services provider.

Charles Romine, Director of NIST IT Lab, to Give Keynote Address at Potomac Officers Club’s AI Summit 2020 on Feb. 13th

Charles Romine, director of the Information Technology Laboratory (ITL) at the National Institute of Standards and Technology (NIST), will serve as a keynote speaker during Potomac Officers Club’s 2nd Annual Artificial Intelligence Summit 2020 on Thursday, Feb. 13th.