Home / M&A Activity / Kevin Kelly: LGS Eyes ISR Portfolio Growth Through Axios Buy

Kevin Kelly: LGS Eyes ISR Portfolio Growth Through Axios Buy

acquisition, mergerLGS Innovations has bought signal processing and communications technology company Axios for an undisclosed amount in a move to complement LGS’ portfolio of intelligence, surveillance, and reconnaissance platforms.

Dulles, Virginia-based Axios will operate as a subsidiary of LGS and continue to support defense and intelligence agency customers with its mission-based technologies, LGS said Thursday.

Kevin Kelly
Kevin Kelly

“External acquisitions like Axios, coupled with our continuing internal investment strategy, are essential to the LGS growth strategy, ” said Kevin Kelly, LGS  CEO.

Houlihan Lokey acted as Axios’ financial adviser on the transaction.

The deal marks LGS’ first acquisition activity since a Madison Dearborn PartnersCoVant alliance bought the Herndon-based contractor from Alcatel-Lucent in 2014 for $200 million.

LGS maintains programs to research and develop ISR, cybersecurity, wireless communications, radio frequency spectrum analysis and mobile broadband systems.

Check Also

KBR Subsidiary Lands Potential $128M NOAA Observation Network Mgmt Support IDIQ

KBR’s (NYSE: KBR) Stinger Ghaffarian Technologies subsidiary has secured a potential five-year, $128.4M contract to provide data processing and technical services for a National Oceanic and Atmospheric Administration network system used to process Earth observation data.

Raytheon Awarded Potential $353M Navy Contract for Rolling Airframe Missile Components

Raytheon (NYSE: RTN) has secured a potential $353.3M contract from the U.S. Navy to provide guided missile round packs and spare replacement parts for the Block 2 and 2A variants of the Rolling Airframe Missile system. The contract includes foreign military sales to Turkey, the United Arab Emirates, Saudi Arabia, Egypt and Germany, the Department of Defense said Monday.