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M&A Activity

CSRA Inks $235M Cash Deal for Praxis Engineering in Intell Market Push

CSRA (NYSE: CSRA) has agreed to purchase Annapolis Junction, Maryland-based Praxis Engineering Technologies for approximately $235 million in cash in a move to expand its capabilities in mission applications development and broaden its market presence in the intelligence community. Both companies expect to complete the acquisition by the third quarter of CSRA’s …

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HDS Federal Adopts ‘Hitachi Vantara Federal’ as New Corporate Name; David Turner Comments

Hitachi Data Systems’ federal business has officially used Hitachi Vantara Federal as its new company name in an effort to advance the delivery of big data, analytics and internet of things platforms and services to government and commercial clients. Hitachi Vantara Federal said Monday the rebrand seeks to reflect its …

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KBR to Buy Sigma Bravo in Govt Services Expansion Push

KBR (NYSE: KBR) has agreed to purchase Australia-based information and communication technology services provider Sigma Bravo for an undisclosed sum in a move to broaden its government services offerings. Sigma Bravo will become part of KBRwyle and will retain its existing structure to facilitate business continuity, KBR said Monday. Stuart Bradie, …

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Roger Krone Shares Insights on Leidos-Lockheed IS&GS Merger at NVTC Titans Event

Roger Krone, chairman and CEO of Leidos, talked about the Reston, Virginia-based government information technology services contractor’s merger with Lockheed Martin’s information systems and global services business at the Titans breakfast event held Friday in Tysons Corner, Virginia. He discussed at the Northern Virginia Technology Council-hosted event how the transaction has helped Leidos …

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DXC to Merge US Public Sector Business With Vencore, KeyPoint; Mac Curtis to Lead Combined Firm

DXC Technology (NYSE: DXC) has agreed to merge its U.S. public sector business with Vencore and KeyPoint Government Solutions to establish a “top five” independent, publicly traded contractor within the government information technology services sector. All three companies expect to complete the merger by the end of March 2018, subject to regulatory approvals …

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Parsons Buys Williams Electric in Control Tech Market Push; Chuck Harrington, Carey Smith Comment

Parsons has purchased Williams Electric for an undisclosed sum as part of the Pasadena, California-based engineering services contractor’s move to expand its control systems business. Fort Walton Beach, Florida-based Williams Electric is a privately held company that provides electrical, control system integration, general contracting and energy infrastructure platforms and services …

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Honeywell to Spin Off Business Groups by End of 2018; Darius Adamczyk Comments

Honeywell (NYSE: HON) has announced it will spin off the industrial conglomerate’s ADI global distribution business, Homes portfolio and transportation systems business into two publicly traded firms by the end of 2018. Darius Adamczyk, president and CEO of Honeywell, said in a statement published Tuesday the initiative comes after the company reviewed …

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Deltek to Purchase Onvia for $70M Cash

Deltek has agreed to acquire public-sector market intelligence provider Onvia (Nasdaq: ONVI) for approximately $70 million in cash, or $9.00 per share. Both companies expect to complete their combination in the fourth quarter of 2017 and Deltek said Thursday the deal will expand the firm’s GovWin IQ information product offerings for government contractors. The transaction price …

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MDA Closes Estimated $3.6B DigitalGlobe Buy to Create ‘Maxar Technologies’

MacDonald, Dettwiler and Associates has closed its approximately $3.6 billion acquisition of DigitalGlobe to create a new company that will work to provide integrated satellite, imagery and geospatial services to the commercial and government markets. MDA said Thursday the newly combined entity will be renamed Maxar Technologies Ltd. and temporarily trade on the …

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Greg Hyslop: Boeing Makes Autonomous Tech Push Through Aurora Flight Sciences Buy

Boeing (NYSE: BA) has agreed to buy Aurora Flight Sciences for an undisclosed sum as part of efforts to accelerate the development of autonomous technology for aerospace vehicles. Chicago-based Boeing said Thursday it would integrate Aurora into the aerospace and defense contractor’s engineering, test and technology segment upon closing of the acquisition. Greg Hyslop, chief …

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