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M&A Activity

Textron to Buy Howe & Howe in Autonomous Vehicle Market Push; Lisa Atherton Quoted

Textron (NYSE: TXT) is acquiring Waterboro, Maine-based robotic ground vehicle manufacturer Howe & Howe Technologies for an undisclosed sum in a move to expand autonomous technology offerings across land, sea and air domains. The industrial conglomerate said Thursday Howe & Howe’s vehicles and applications will complement its portfolio of unmanned platforms, control systems …

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SAIC’s Planned Engility Buy Inches Closer to Completion as Waiting Period Under Antitrust Law Ends

Science Applications International Corp. (NYSE: SAIC) has met one of the conditions needed to complete its proposed acquisition of Engility (NYSE: EGL) with the expiration of the required waiting period for the deal under the Hart-Scott-Rodino Antitrust Improvements Act. SAIC said Tuesday the waiting period ended Monday, Oct. 22, with respect to …

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UTC Expects China’s Approval of Rockwell Collins Deal Within Weeks; Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) expects Chinese regulators to approve its planned $30B purchase of Rockwell Collins (NYSE: COL) within weeks, Reuters reported Tuesday. UTC CEO Greg Hayes said Tuesday in a conference call the company does not expect the U.S.-China political issues to have an impact on the deal citing UTC’s …

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Applied Insight Buys OSI to Further Mission Tech Strategy

Ashburn, Va.-based technology services contractor Applied Insight has bought Organizational Strategies Inc. for an undisclosed sum in a move to help government clients further missions with the firms’ collective offering. Both companies aim to combine analytics, cyber, sensor and cloud computing platforms with with their understanding of various missions to address specific customer requirements, …

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Pacem Makes Defense Tech Market Push Through Amtec Less Lethal Systems Buy

Pacem Solutions International has completed its acquisition of tactical, operational and training equipment manufacturer Amtec Less Lethal Systems for an undisclosed sum. Falls Church, Va.-based Pacem said Thursday the deal would allow the company to expand into the defense and security markets across Middle East and Africa, East Europe and Asia. Michael Quesenberry, former president of ordnance and …

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Enlightenment Capital Launches National Security-Focused Company

Enlightenment Capital has formed a company with the goal to provide defense and intelligence technologies and support services for the U.S. government’s national security missions. Everwatch is headquartered in Ashburn, Va., and consolidates four entities acquired by Enlightenment, the investment group said Monday. “We are thrilled to join forces with Enlightenment, as …

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Harris, L3 to Merge in All-Stock Transaction; Christopher Kubasik, William Brown Quoted

L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) have agreed to merge in an all-stock deal that will establish the country’s sixth largest defense technology company serving government and industry clients across more than 100 countries. The combined company will operate as L3 Harris Technologies in Melbourne, Fla., upon the deal’s …

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Maximus to Buy General Dynamics’ Citizen Engagement Centers in $400M Cash Deal; Bruce Caswell Quoted

Maximus (NYSE: MMS) has agreed to buy federal citizen engagement centers of General Dynamics (NYSE: GD) information technology business for $400M in cash in a move to expand its capabilities in citizen services delivery. The company “is strengthening its position with some of the largest mission-critical federal civilian programs,” Bruce Caswell, Maximus president …

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Boeing Closes KLX Purchase; Stan Deal Quoted

Boeing (NYSE: BA) has wrapped up its $3.2B cash acquisition of Florida-based aviation parts and services provider KLX. The transaction is part of Boeing’s aerospace services market push and expands its offerings for defense, business, commercial and general aviation clients, the company said Tuesday. The Chicago-based planemaker first announced the …

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Tom Reilly: Cloudera-Hortonworks Merger Aims to Help Enterprises Work Across All Cloud Providers

Tom Reilly, CEO of Cloudera (NYSE: CLDR), told CNBC in an interview that aired Friday the proposed merger of the Palo Alto, Calif.-based software firm with Hortonworks (Nasdaq: HDP) will create a new company that will deliver software across all major cloud service providers. “We work on Amazon, Microsoft, Google, the IBM Cloud, …

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