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M&A Activity

L-3 Purchases German Firm FUNA

L-3 Communications (NYSE: LLL) announced  it acquired FUNA International, GmbH (FUNA) last month. The terms of the transaction were not disclosed. Moving forward, the Germany-based firm will function within the Marine & Power Systems Group of L-3’s Electronic Systems segment. FUNA specializes in control and safety systems, communication systems and …

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Dell Moves to Acquire SecureWorks

Dell has an agreement in place to acquire SecureWorks Inc., an information-security services provider. The move would increase Dell’s global IT-as-a-Service and information security offerings. The Ga.-based SecureWorks carries 700 employees and reported FY 2010 revenue above $120 million. “The frequency and sophistication of attacks on technology infrastructure and malicious …

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Ericsson Sells Federal Practice to Tailwind Capital; Doug Smith to Remain as CEO

Ericsson (NASDAQ: ERIC) has sold control of its federal practice, Ericsson Federal to Tailwind Capital. Ericsson Federal will now be known as Oceus Networks.  Terms of the deal were not disclosed. According to Ericsson, “under the terms of the new structure, Oceus Networks will have the exclusive right to offer …

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Raytheon’s Applied Signal Tender Offer Underway

Raytheon released the following financial announcement: “Raytheon Company (NYSE: RTN) is commencing today, through its wholly-owned subsidiary RN Acquisition Company, a cash tender offer to purchase all of the outstanding shares of common stock of Applied Signal Technology, Inc. (Nasdaq: APSG). “Raytheon announced on Monday, Dec. 20, 2010 that it …

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BAE Systems Strikes Deal to Pick Up Danish Cyber Intel Firm

U.K.-based BAE Systems has a deal in place to purchase Danish cyber intelligence company ETI A/S for the equivalent of more than $200 million. ETI maintains operations around the world, including the United States. According to the firm, “the acquisition of ETI supports BAE Systems’ strategy to grow its security …

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ManTech Closes MTCSC Purchase; Boosts C4ISR Offering

ManTech (Nasdaq :MANT) has finalized its acquisition of MTCSC for $75 million. MTCSC, a C4ISR systems integration, cyber security and network engineering solutions firm, will be integrated with ManTech’s Systems Engineering and Advanced Technology (SEAT) group, headed by Terry Ryan, SEAT group president and chief operating officer. “The addition of …

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Boeing Closes Summitt Purchase

Boeing (NYSE: BA) has finalized its purchase of Mont.-based Summit Aeronautics Group. Terms of the deal were not disclosed. According to the firm, “the newly acquired business will be named Boeing Helena. It will become part of Boeing Fabrication, a division of Boeing Commercial Airplanes. Boeing Helena will manufacture titanium …

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CSC Acquires CenTauri, Boosts C4ISR Offering; Jim Sheaffer Remarks

CSC (NYSE: CSC) has acquired Alexandria, Va.-based CenTauri Solutions, increasing the firm’s C4ISR offering. According to the firm, “the acquisition will enable CSC to deliver IT services and solutions as a prime contractor through the Defense Intelligence Agency’s $6.6 billion Solutions for Information Technology Enterprises indefinite-delivery/indefinite-quantity contract. CenTauri Solutions also …

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Raytheon Strikes Deal to Buy Applied Signal Technology for $490 Million

Raytheon (NYSE: RTN) has a deal in place to purchase Applied Signal Technology, Inc. (Nasdaq: APSG) at a total cost of $490 million. According to Raytheon, “Applied Signal’s tactical signals and communications intelligence (SIGINT/COMINT) systems, data fusion and information operations/information assurance products, combined with Raytheon’s world-class sensor technology, program management, …

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ITT’s EchoStorm Acquisition a Done Deal

ITT (NYSE: ITT) has finalized its planned purchase of EchoStorm Worldwide’s business operations. Terms of the acquisition were not disclosed. According to ITT, “EchoStorm, founded in 2003, provides a suite of secure, net-centric commercial products that enables users to capture, manage, and disseminate full-motion video in near-real time as well …

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