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M&A Activity

Leidos CEO Roger Krone Sees Momentum in 2020 After Series of Contract Wins, Acquisition Deals

Roger Krone, chairman and CEO of Leidos (NYSE: LDOS) and a 2020 Wash100 award winner, said during an interview on CNBC’s "Squawk Alley" program aired Tuesday that significant government contracts and major acquisitions will support momentum for the Reston, Va.-based company this year. Shares in Leidos gained 10 percent in midday trade Tuesday.

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Titan to Buy HII’s San Diego Shipyard; Andy Green Quoted

Titan Acquisition Holdings has agreed to acquire Huntington Ingalls Industries’ (NYSE: HII) San Diego shipyard for an undisclosed sum in a move to expand its ship repair capabilities to better meet the needs of the U.S. Navy, U.S. Army and other defense customers. The transaction will give HII a minority stake in Titan and is expected to close in the second quarter of 2020, subject to customary closing conditions.

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SOSi Buys Analytics Software Firm NorthStar Systems; Julian Setian Quoted

SOS International has acquired Denmark-based data analytics software firm NorthStar Systems for an undisclosed sum as part of efforts to broaden its core service offerings. “We’re continuing to expand our strategic position by acquiring unique and differentiating technologies where we see the potential for growth,” Julian Setian, SOSi president and CEO and a 2020 Wash100 award winner, said in a statement published Tuesday.

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Two Private Equity Firms to Acquire Forescout for $1.9B Cash; Michael DeCesare Quoted

Advent International and Crosspoint Capital Partners have agreed to acquire Forescout Technologies (Nasdaw: FSCT) for $33 per share in cash, or approximately $1.9B, in a deal that will take the cybersecurity software company private. Michael DeCesare will remain as Forescout's president and CEO after the deal closes, the company said Thursday.

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Nazzic Keene: SAIC Eyes Lead Spot in Federal Digital Transformation Sector With Unisys Federal Unit Purchase

Reston, Va.-based contractor Science Applications International Corp. (NYSE: SAIC) has agreed to buy Unisys' (NYSE: UIS) federal arm for approximately $1.2B cash in a push to expand digital transformation technology and support offerings for the U.S. government. Nazzic Keene, CEO of SAIC and three-time Wash100 inductee, said the company aims to become a leading digitial transformation services provider to federal agencies through the acquisition.

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