Author: Jane Edwards|| Date Published: September 20, 2016
Houston-based engineering and construction firm KBR (NYSE: KBR) has wrapped up its $300 million purchase of the U.S. government services business of Honeywell (NYSE: HON).
KBR said Monday it will integrate Honeywell Technology Solutions Inc. into the KBRWyle government services organization, which KBR expects to generate $2.5 billion in annual revenue across defense and aerospace programs.
KBR agreed to acquire HTSI in August and closed the $570 million acquisition of Wyle in July to form the government services business as part of a push to expand into the federal market and diversify revenue sources outside of the engineering and construction sector.
KBR CEO Stuart Bradie said he expects the HSTI purchase to help expand KBR™s geographic footprint and government service offerings that include cybersecurity, technical engineering, logistics, mission support and equipment maintenance services.
KBR used its existing credit facility to fund the transaction and expects the acquisition to be accretive to the company™s earnings per share in 2017.
GreyNoise Intelligence has launched Command and Control Detection, a new intelligence module designed to identify active cyber compromises using outbound…
BigBear.ai has named Jo Ann Bjornson as chief human resources officer and Alex Thompson as chief corporate affairs officer. The new leadership appointments…
XLA, a provider of cybersecurity, data management and analytics, technical services, and international program support, has appointed James Vant as chief…
Houston-based engineering and construction firm KBR (NYSE: KBR) has wrapped up its $300 million purchase of the U.S. government services business of Honeywell (NYSE: HON).
