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M&A Activity

VT Group Buys Evergreen Unmanned Systems; CEO Dave Dacquino Comments

VT Group has a deal in place to purchase the Evergreen Unmanned Systems business unit of Evergreen International Aviation Inc. Evergreen Unmanned Systems supports Unmanned Aircraft Systems (UAS) with focus on training, logistics, operations, payload integration and testing to a range of government and commercial customers. “Over the next 10 …

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ITT Moves to Purchase SRA’s Airport Ops Solutions Group; Dave Melcher Comments

ITT Corporation (NYSE:ITT) has an agreement in place with SRA International, Inc. (NYSE:SRX) to acquire SRA’s Airport Operations Solutions (AOS) group. According to ITT, “the AOS group reported revenue of approximately $3.5 million in the 12 months ended June 30, 2010 and employs 17 full-time people located in Herndon, Va.; …

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BAE Systems Spends $295 Million to Acquire Firms, Increase Security Capabilities; Linda Hudson Comments

In response to growing demand for intelligence and security services, BAE Systems has agreed to purchase L-1 Identity Solutions, Inc.’s Intelligence Services Group, formed by the businesses SpecTal, LLC, Advanced Concepts, Inc., and McClendon, LLC. The reported price of the acquisition is $295, 833, 000 in total. According to the …

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GTEC Agrees to Buy Cybersecurity Firm Zytel; John Hillen Remarks

Global Defense Technology & Systems, Inc. (NASDAQ: GTEC) has a deal in place to purchase Zytel Corporation (Zytel) for $26.8 million. Zytel focuses on “cybersecurity, mission systems in support of the critical intelligence, counterterrorism, and cyber warfare missions of its national security clients.” GTEC anticipates the transaction will be in …

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HP Strikes $1.5 Billion Deal to Buy ArcSight

HP (NYSE: HPQ) and ArcSight Inc. (Nasdaq: ARST) have announced an agreement for HP to acquire ArcSight, for a price of $43.50 per share, or a value of roughly $1.5 billion. According to the firm, “the combination of HP and ArcSight will improve security, reduce risk and facilitate compliance at …

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ITT Finalizes Sale of CAS to Wyle; Dave Melcher Speaks

ITT Corporation (NYSE: ITT) wrapped up the sale of CAS, Inc., the firm’s systems engineering and technical assistance (SETA) services business, to Wyle for $235 million. “We are pleased to have completed the sale of this business to a company that can position it for future growth, ” Dave Melcher, …

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BAE Systems to Purchase OASYS Technology

BAE Systems announced an agreement to acquire OASYS Technology, a firm focused on “the design and manufacture of electro-optical systems and subassemblies for aerospace, defense, industrial and commercial markets.” OASYS Technology is privately owned. “OASYS Technology’s talented workforce and technologies will enhance BAE Systems’ ability to serve its customers as …

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FLIR Extends Cash Tender Offer as Part of ICx Purchase

FLIR Systems, Inc. (NASDAQ: FLIR) has opened a cash tender offer in a bid to buy all outstanding shares of common stock of ICx Technologies, Inc. (NASDAQ: ICXT). FLIR agreed to purchase ICx last month for $274 million. According to the firm, “upon the successful closing of the tender offer, …

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Lockheed Announces Partnerships

Lockheed Martin (NYSE: LMT) named additional companies to its team formed to bid for the U.S. Missile Defense Agency’s Ground-Based Midcourse Defense (GMD) Development and Sustainment Contract. The firm will team with Raytheon (NYSE: RTN) Missile Systems and partners Alaska Aerospace and NANA Development Corporation. “These companies form a best-of-industry …

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Breaking: CGI’s Acquisition of Stanley Finalized

CGI (NYSE: GIB) reports it has completed its planned acquisition of Stanley Associates (NYSE: SXE) for just under $1 billion. “For CGI, the merger with Stanley helps create additional scale in the U.S. federal market and expands the company’s position in the U.S. defense and intelligence markets, ” CGI’s vice …

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