M&A Activity

VTG Buys Intelligent Shift in National Security Market Push; John Hassoun Quoted

John Hassoun, VTG president and CEO

VTG has acquired Fairfax, Virginia-based systems engineering company Intelligent Shift for an undisclosed sum in a move to add intelligence agencies to the former's national security customer portfolio. Chantilly, Virginia-based VTG said Wednesday the transaction also expands the company's systems, digital and software engineering support offerings.

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AeroVironment to Buy Arcturus UAV in $405M Cash-Stock Deal; Wahid Nawabi Quoted

Wahid Nawabi President and CEO AeroVironment

Unmanned aircraft system manufacturing company AeroVironment (Nasdaq: AVAV) has agreed to acquire Arcturus UAV in a cash-and-stock transaction valued at approximately $405M as part of efforts to expand into adjacent segments and broaden UAS portfolio and customer footprint. “We are excited about the opportunities for value creation through our acquisition of Arcturus UAV, which will enable us to accelerate our growth strategy and expand our reach into the more valuable Group 2 and 3 UAS segments,” said Wahid Nawabi, president and CEO of AeroVironment.

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System High Acquires Booz Allen’s TEAMS Business to Expand MDA Support

System High Corp.

Chantilly, Virginia-based security engineering services provider System High has purchased a Booz Allen Hamilton (NYSE: BAH) business unit that supports the Missile Defense Agency in cybersecurity and computer network defense efforts. System High said Monday its acquisition of the Technical, Engineering, Advisory and Management Support group from Booz Allen includes contracts and 100 employees.

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Francisco Partners Closes Forcepoint Buy; Manny Rivelo Named Forcepoint CEO

Manny Rivelo CEO Forcepoint

Global investment firm Francisco Partners has announced the appointment of Manny Rivelo, a more than 30-year executive in security and information technology sectors, as the new CEO of Forcepoint in a string of executive appointments after it completed the acquisition of the cybersecurity platforms developer from Raytheon Technologies (NYSE: RTX).

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DXC Receives Acquisition Bid From French IT Firm Atos

DXC

France-based information technology services provider Atos SE has made an unsolicited bid to acquire Tysons, Virginia-based IT company DXC Technology (NYSE: DXC). DXC was formed out of the merger between Computer Sciences Corp. and the enterprise services business of Hewlett Packard Enterprise (NYSE: HPE) in 2017 and helped form Perspecta (NYSE: PRSP) in 2018 via a three-way deal with Vencore and KeyPoint Government Solutions.

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George Whittier: Fairbanks Morse Eyes Military Ship Aftermarket Expansion Through Ward Leonard Acquisition

George Whittier CEO Fairbanks Morse

Fairbanks Morse has purchased naval motor and control technology provider Ward Leonard Operating for an undisclosed sum to grow power generation equipment and aftermarket service offerings in the military sector. George Whittier, CEO of Fairbanks Morse, said he expects the deal to help build the company's status as a power systems integrator for the U.S. Navy and Coast Guard.

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LinQuest Closes TMC Design Purchase; Tim Dills Quoted

Tim Dills CEO LinQuest

Space systems technology developer LinQuest has completed its purchase of advanced engineering company TMC Design for an undisclosed sum. LinQuest CEO Tim Dills said in a statement published Tuesday the combination with TMC Design will allow LinQuest to create a suite of platforms to provide mission-essential capabilities that could help customers address the country’s national security threats.

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HII Acquires Autonomy Business of Spatial Integrated Systems; Andy Green Quoted

Andy Green, EVP and President HII Technical Solutions

Huntington Ingalls Industries (NYSE: HII) has acquired Spatial Integrated Systems’ autonomy business for an undisclosed sum as part of efforts to further expand its unmanned systems capabilities. "2020 was a significant year for HII in the unmanned systems industry, and this acquisition is the perfect complement to our existing portfolio and strategic partnerships,” Andy Green, an executive vice president and president of HII Technical Solutions and a two-time Wash100 award winner, said in a statement published Monday.

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