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M&A Activity

CGI Extends Stanley Tender; Awaiting Clearances

CGI Group (NYSE: GIB) has once again extended its $903 million tender offer for Stanley. The new extension lasts through August 2.  The previous extension expired last week. CGI notes that approximately 84 percent of Stanley’s shares have been tendered, but that the deal was still awaiting regulatory clearances. CGI …

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BAE Systems Finalizes Deal to Acquire Atlantic Marine

BAE Systems finalized the acquisition of Atlantic Marine following approval from the government. In May, BAE announced an agreement to purchase Atlantic Marine from JFL-AMH Partners, LLC, a portfolio company of the private-equity firm J.F. Lehman & Company for $352 million. According to the firm, “the acquired Atlantic Marine operations …

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DynCorp Acquisition Official; Bill Ballhaus Comments

DynCorp International’s acquisition by Cerberus Capital Management is a done deal, the firm reports. “With this announcement, DynCorp International enters an exciting new chapter, ” said Bill Ballhaus, DynCorp International’s President and Chief Executive Officer. “Built on six decades of trusted performance for the U.S. government, this solid foundation will …

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Deltek’s Kevin Parker Talks Maconomy Acquisition

Deltek, Inc. (Nasdaq: PROJ) finalized a  tender offer to acquire the European ERP provider Maconomy A/S (Nasdaq OMX: MACO). According to the firm, “Deltek is acquiring approximately 94% of Maconomy’s outstanding shares in connection with the tender offer. An all cash payment for shares that were tendered will be made …

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Boeing Buys Argon ST for $775M; Roger Krone Speaks Out

Boeing (NYSE: BA) announced today it had agreed to acquire defense-equipment maker Argon ST (Nasdaq: STST) for an estimated $775 million. “Combining the strength of Boeing with the experience of Argon ST will significantly accelerate our capabilities in sensors, communications technologies and information management, ” said Dennis Muilenburg, president and …

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Brad Antle Shakes Up GovCon: Salient Purchases SGIS, Continues Aggressive Growth

Salient Federal Solutions has acquired SGIS from Skillstorm. According to the firm, “this acquisition supports the company’s aggressive growth plans to build a world-class federal IT and engineering solutions company, and leverages their management and operational expertise to successfully support high-priority missions of the federal government.” Based in San Diego, …

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General Dynamics Purchases Kylmar

General Dynamics (NYSE: GD) acquired Kylmar (KMC) Limited, a firm specializing in the design and manufacture of sensor and optical surveillance systems for military and security applications. According to General Dynamics, “Kylmar has been supplying electro-optic equipment and systems into the U.K. military intelligence and Special Forces for counterterrorism applications …

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BAE Systems Teams with Freedom PST for New Data Centers

BAE Systems will work with Freedom PST to provide cost-cutting environmental solutions to the federal government with new data centers. According to BAE, “under a federal directive, agencies have until the end of the summer to submit plans to consolidate and reduce data centers, a move projected to save taxpayer …

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Lockheed to Work Under Boeing on FAA’s NextGen

Lockheed Martin (NYSE: LMT) and Boeing (NYSE:BA) will work together  to support task orders from the FAA’s NextGen initiative, a 10-year, multi-billion dollar contract vehicle “to further next generation air transportation advancements.” According to Lockheed Martin, “As part of the Boeing-led team, Lockheed Martin’s air traffic management business will compete …

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