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M&A Activity

Maximus to Buy Denver-Based Policy Studies for $67M Cash

Maximus has agreed to acquire Denver-based government health and human services provider Policy Studies for $67 million cash, the company announced Thursday. The Reston, Va.-based firm said it expects the transaction to close on April 30 and to slightly increase its earnings per share for the rest of fiscal year 2012. …

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L-3 to Buy Thales Civil Aircraft Simulation Unit for $132M; Michael Strianese Comments

L-3 Communications has agreed to acquire Thales Training & Simulation Ltd’s civil aircraft simulation and training business for an estimated $132 million cash. L-3 expects the transaction to close in the summer of 2012 and expects it to immediately increase its earnings per share. The company also expects civil aircraft training …

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Exclusive: Brad Antle Says ATSC Bid Keyed on Future Bids, Civilian Connections

Salient Federal Solutions’ acquisition of ATS Corp. provides Salient valuable access to the civilian side of the federal market, CEO Brad Antle told GovCon Wire Friday, a longtime goal of the Fairfax, Va.-based information technology contractor. The acquisition puts Salient’s revenues at roughly $250 million and while sequestration and budget limitations pose …

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Cobham Now Owns 25% of Danish SATCOM Firm

Cobham plc. has acquired an additional 22.74 percent share in Denmark-based satellite communications firm Thrane & Thrane and now owns approximately 25.6 percent of that firm’s issued share capital. The British aerospace, defense and security firm announced Thursday it purchased the new shares from Jupiter Asset Management Limited at an estimated …

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SAP Merges Sybase, Govt Support Units; Mark Testoni Continues as President

SAP (NYSE: SAP) has completed a realignment of its Sybase federal and government support and services units into a new national security services organization. The company said the unit is now known as SAP National Security Services, or SAP NS2. Mark Testoni will continue serving as president of the unit, …

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ATK Remodels Business into Three Groups

ATK (NYSE: ATK) has consolidated its operations into three business groups – aerospace, defense and sporting – as of April 1, the beginning of its 2012 fiscal year. ATK President and CEO Mark DeYoung announced the move in February. Missile Products Group Senior Vice President and President Mike Kahn leads ATK …

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QinetiQ Says Its Near End of Business Transformation

QinetiQ said it will simplify its compliance system in order to complete a program restructuring process that began around two years ago, Financial Times reports. The U.K.-based company said the transformation will decrease its need to consult the British government and removes the authority of Britain’s Ministry of Defence to veto …

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CenturyLink Realigns Operating Structure; Jim Ousley to Lead Federal Group

CenturyLink Inc. (NYSE: CTL) will consolidate its government and business customer segments into two organizations as it realigns its operating structure, the company announced Thursday. As of April 1, a new enterprise markets group led by group president Jim Ousley will serve the company’s federal government customers and customers of its …

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White Oak Merger Forms Big Data Firm; LaMontagne Named CEO

Arlington Capital Partners has merged its portfolio company White Oak Technologies Inc. with FGM Inc. to create Novetta Solutions, the private equity firm announced Wednesday. Peter LaMontagne, former president and CEO of Paradigm Holdings, will serve as Novetta’s CEO. He has led CACI International Inc.’s (NYSE: CACI) cyber practice and …

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CRGT Closes $40M Acquisition of CIBER Federal; Tom Ferrando Comments

CRGT Inc. has completed its $40 million cash acquisition of CIBER Inc.’s federal division and related assets, the companies announced  announced Friday and Monday. The companies originally announced the $40 million cash sale in late January. CRGT President and CEO Tom Ferrando said the acquisition adds to the company’s employee …

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