TYSONS CORNER, VA, May 1, 2019 — Bill Weber, president and CEO of KeyW (Nasdaq: KEYW), indicated the company’s planned $815M merger with Jacobs Engineering Group (NYSE: JEC) is in line with its effort to deploy capital in support of growth initiatives, ExecutiveGov reported April 22.
“In Jacob Engineering, we found an organization that values their people and leverages innovation on the same level that KeyW always has,” Weber said, according to the report.
Jacobs said April 22 the definitive merger agreement involves its cash acquisition of KeyW for $11.25 per share and is anticipated to build on the transformation of its aerospace, technology and nuclear business as well as market position in the delivery of government services, including in the areas of cyber and intelligence, surveillance and reconnaissance.
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