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M&A Activity

General Dynamics Completes $360M Force Protection Acquisition

General Dynamics (NYSE: GD) has completed its purchase of Force Protection Inc., a manufacturer of blast and ballistic-protected products, for around $360 million, or $5.52 per share in cash. The company said in a release it launched the tender offer Nov. 18 following the Nov. 7 announcement of the proposed acquisition. Offer …

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General Dynamics Clears Regulatory Hurdle in Force Protection Purchase; Company Directors Still to Appove

The U.S. Justice Department has terminated the remaining portion of a waiting period required by antitrust law in General Dynamics‘ (NYSE: GD) pending acquisition of Force Protection Inc. (NASDAQ: FRPT). General Dynamics said the cash deal of $5.25 per share, or approximately $360 million, still needs to be approved by each …

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L-3 to Buy Sensor Equipment Maker for Subs, Ships for $210M Cash

L-3 Communications (NYSE: LLL) has entered an agreement to buy a unit of Danaher Corp. that manufactures specialized equipment for electronic and optical systems, L-3 announced Tuesday. L-3 said it expects the $210 million cash deal to close in the first quarter of its 2012 fiscal year and immediately increase operational results. L-3 will …

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ICF to Acquire Web Development Firm Ironworks for $100M Cash

ICF International (NASDAQ: ICFI) has signed a definitive agreement to purchase interactive web development firm Ironworks Consulting LLC for $100 million cash, ICF announced Monday. ICF said it expects the deal to increase its earnings per share in 2012 and include a tax benefit that carries a net present value of approximately …

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Northrop’s Sale of Viper Strike to MBDA Redefines International Defense Ownership

Northrop Grumman (NYSE: NOC) has sold its Huntsville, Ala.-based Viper Strike munitions business to MBDA Inc., a European missile manufacturer owned by defense giants BAE Systems of London, Franco German EADS and Italy’s Finmeccanica. The deal marks the first time a European company has bought a U.S. missile maker outright, MBDA Chief Executive Antoine Bouvier told …

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Thales to Buy Florida-based SATCOM Company

Thales Communications today announced it has signed an agreement to acquire satellite communications firm, Tampa Microwave. The acquisition is conditional upon receiving certain regulatory approvals and is expected to close in the first quarter of 2012. Tampa Microwave will operate as a subsidiary of Thales Communications, Inc., a Thales USA …

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Raytheon Acquires Cybersecurity Forensics and Software Provider

Raytheon Co. (NYSE: RTN) has acquired Pikewerks Corp., a cybersecurity provider with offices in Alexandria, Va., for an undisclosed amount, the company announced today. Raytheon said the deal will not change its earnings per share in fiscal year 2012 or the fourth quarter of 2011. Pikewerks’ CEO Michael Ring and its founder and president …

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Sotera to Buy Defense ISR, Cloud Computing Firm; John Hillen Comments

Sotera Defense Solutions has entered a definitive agreement to acquire Potomac Fusion Inc., the company announced Thursday. Potomac Fusion develops information solutions for defense and intelligence, surveillance and reconnaissance (ISR) systems that operate in cloud computing environments. Those solutions include data analytics, cybersecurity and visualization. Chantilly, Va.-based Potomac Fusion employs …

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SRA Int’l Sells Global Surveillance Subsidiary to Czech Defense Firm

SRA International (NYSE: SRX) has sold its subsidiary ERA Systems Corp. to Czech defense and aerospace company Omnipol AS for an undisclosed amount, according to a Bloomberg Businessweek report. ERA produces surveillance solutions with sensors and radars and has research and development centers in the U.S. and Czech Republic, according to an SRA brochure. ERA counts …

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Symantec Walks Away from China JV, Takes $530M

Symantec (NASDAQ: SYMC) has agreed to sell its 49 percent stake in a joint venture with Chinese telecommunications firm Huawei for $530 million. Under the deal, Huawei, which currently holds 51 percent of the share, will attain 100 percent control of the Hong Kong-based company, “Huawei Symantec, ” a joint …

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