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M&A Activity

On Assignment Plans $775M ECS Federal Acquisition; Peter Dameris, George Wilson Comment

On Assignment (NYSE: ASGN) has agreed to purchase Fairfax, Virginia-based technology and engineering firm ECS Federal for $775 million from majority owner Roy Kapani and investment company Lindsay Goldberg. ECS and its current leadership team will continue to operate under its brand name as a division of On Assignment, the …

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Kathy Warden: Northrop to Form Innovation Systems Unit After Orbital ATK Purchase

Kathy Warden, president and chief operating officer at Northrop Grumman (NYSE: NOC), has said the company will establish a new business sector once the Falls Church, Virginia-based defense contractor completes the $9.2 billion purchase of Orbital ATK (NYSE: OA), Inside Defense reported Thursday. Warden told analysts Thursday that Blake Larson, COO …

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Serco’s North American Arm Closes BTP Systems Purchase; Dave Dacquino Comments

Serco Inc., the British contractor’s North American business, has wrapped up its acquisition of Ludlow, Massachusetts-based technology and professional services contractor BTP Systems. Both companies first announced the deal in October of last year and Serco Inc. said Friday it plans to integrate BTP operations within its command, control, communications, computers, combat systems, intelligence, …

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General Atomics Buys Xagenic Assets to Complement Defense Microelectronics Devt

San Diego-based General Atomics has purchased certain assets of molecular diagnostics technology maker Xagenic in a push to continue advances in the defense microelectronics, advanced sensor and signal processing technology areas. General Atomics said Thursday it will integrate the acquired assets into a bio-sensor technology development unit of its electromagnetic systems business in Rancho Bernardo, …

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PwC: Global Aerospace, Defense M&A Hit $72B in 2017

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Significant …

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Tetra Tech Buys BridgeNet in Aviation Tech Expansion Push

Tetra Tech (Nasdaq: TTEK) has purchased Newport Beach, California-based aviation technology systems provider BridgeNet International for an undisclosed sum. Dan Batrack, chairman and CEO of Tetra Tech, said in a statement published Thursday the combination will help the company expand its ability to deliver platforms for ground and airspace support, aviation …

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Report: Lockheed Asks DoD to Reimburse $212M in Restructuring Costs for Sikorsky Purchase

Lockheed Martin (NYSE: LMT) has asked the Defense Department to reimburse $212 million in restructuring costs associated with its $9 billion purchase of Sikorsky Aircraft in 2015 on the grounds that the Bethesda, Maryland-based defense contractor has been delivering $8 in savings for every dollar spent through the acquisition, Bloomberg …

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Report: AWS Buys Cybersecurity Firm Sqrrl

Amazon Web Services has purchased Sqrrl, a cybersecurity company founded by former National Security Agency employees, CNBC reported Tuesday. The transaction comes as AWS aims to integrate new security tools into the firm’s cloud platform and expand work with the intelligence community. Sqrrl CEO Mark Terenzoni said in the company’s …

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Chuck Prow: Vectrus Buys SENTEL to Add Intell Footprint, Expand Logistics & IT Offerings

Vectrus (NYSE: VEC) has bought Alexandria, Virginia-based SENTEL for $36 million in a push to grow client base in the intelligence and federal civilian markets as well as broaden logistics, information technology and technical service offerings for customer agencies. Colorado Springs-based Vectrus said Tuesday it funded the transaction with cash on hand and …

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Report: Boeing Amenable to Keeping Brazil’s ‘Golden Share’ in Embraer to Advance Tie-Up Talks

Boeing (NYSE: BA) intends to maintain the Brazilian government’s “golden share” in aerospace conglomerate Embraer in a push to address the Brazilian military’s concerns over a potential combination between the two aerospace companies, Reuters reported Friday. The “golden share” allows the South American country to exercise veto power over changes …

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