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M&A Activity

Raytheon Teams with Norwegian Firm for Rocket Motors

According to Raytheon (NYSE: RTN), the firm has partnered with the Norwegian defense company NAMMO have begun qualifying an alternative rocket motor for the AIM-120 Advanced Medium Range Air-to-Air Missile. The new motor will be interchangeable with the AMRAAM propulsion system and will maintain the same performance as the current …

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CenturyLink Aquires Qwest Communications

CenturyLink (CenturyTel, Inc., NYSE: CTL) and Qwest Communications (NYSE: Q) announced today that their boards of directors have approved a definitive agreement under which CenturyLink will acquire Qwest in a tax-free, stock-for-stock transaction. Under the terms of the agreement, Qwest shareholders will receive 0.1664 CenturyLink shares for each share of …

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CSC, Intec Partner for BSS Solutions

CSC (NYSE: CSC) and Intec are forming a joint partnership agreement to provide a comprehensive suite of BSS solutions to Communications Service Providers (CSPs) looking to enhance their IT capabilities without taking on excessive costs. Through the partnership, the firms will offer CSPs a proven business model to enhance their …

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DynCorp Agrees to be Acquired by Cerberus for $1.5 Billion

Private investment firm Cerberus Capital Management will acquire DynCorp International (NYSE: DCP) for roughly $1.5 billion, according to a DynCorp press release. DynCorp’s news release said that its board of directors will recommend that stockholders approve the transaction.  According to the deal’s terms, stockholders will receive $17.55 in cash for …

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ATK Acquires Blackhawk

Alliant Techsystems (NYSE: ATK) has purchased Blackhawk Industries Products Group Unlimited, LLC, a security firm.  The acquisition, along with the recent acquisition of Eagle Industries, improves ATK’s position in a variety of markets.  Terms of the agreement were not disclosed. “The acquisition of Blackhawk supports our strategy of expanding into …

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Orbital Acquires General Dynamics’ Spacecraft Business

Orbital Sciences Corporation (NYSE: ORB) finalized the acquisition of a spacecraft development and manufacturing business from General Dynamics Advanced Information Systems, a subsidiary of General Dynamics Corporation (NYSE: GD). “Today, we are very excited to welcome a great team of highly qualified and experienced satellite professionals to the Orbital family, …

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NGC ‘Mentors’ Non-Profit to Better Assist Disabled

Northrop Grumman (NYSE:NOC) has signed a U.S. Department of Defense mentor-protégé agreement with MVLE, a nonprofit group that provides jobs and job training for persons with disabilities. Northrop Grumman developed the mentor-protégé relationship with MVLE to assist in its development of federal contracting opportunities, as well as infrastructure development that …

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Apptis, Deltek Partner to Bring the Cloud to the Federal Government

Apptis and Deltek announced a partnership to deliver Deltek’s enterprise project management software in the cloud for federal agencies. By leveraging the scalability and power of a cloud computing environment, the breakthrough solution will deliver a substantially more cost-efficient technology infrastructure to federal agencies tasked with adhering to the mandates …

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Citrix to Support Microsoft’s RemoteFX Program

As part of a new collaboration agreement with Microsoft (NASDAQ: MSFT), Citrix Systems (NASDAQ: CTXS) will support the upcoming Microsoft RemoteFX technology platform. RemoteFX, which will be available in a future release of Windows Server 2008 R2 service pack 1, will allow all virtual desktops on a single Windows Server …

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OAOT, KPP Split

Key Principal Partners Corp. (“KPP”) has left OAO Technology Solutions, Inc. (OAOT).  According to OAOT, “KPP’s original investment of $13.5 million in subordinated debt and common stock in December 2003, in a transaction led by J.F. Lehman & Company, helped OAOT complete a take-private transaction. Through privatization, the company saved …

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