M&A Activity

McKinsey & Co.’s Eric Chewning, Frank Coleman: Defense Companies Should Take Programmatic Approach to M&A

Eric Chewning Partner McKinsey and Co.

Eric Chewning and Frank Coleman, partners at McKinsey & Co., wrote in a commentary published Monday on Defense News that contractors seeking to support the Department of Defense’s evolving mission requirements and create value in a challenging budget environment should take a programmatic approach to mergers and acquisitions

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McKean Defense to Buy Mikros Systems; Joseph Carlini Quoted

Joseph Carlini CEO McKean Defense Group

McKean Defense Group has agreed to acquire technology company Mikros Systems for $0.13 per share or approximately $4.6M in cash as part of its efforts to add new tech capabilities to its Navy portfolio. "With the added capabilities and skills from the Mikros acquisition, McKean will strengthen our support to the Littoral Combat Systems (LCS) platform and add significant combat systems monitoring and diagnostic analytics to our strategic offerings,” said Joseph Carlini, CEO of McKean Defense.

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Raytheon Technologies to Buy Smallsat Maker Blue Canyon; Roy Azevedo Quoted

Roy Azevedo Intell

Raytheon Technologies (NYSE: RTX) has agreed to acquire small satellites provider Blue Canyon Technologies for an undisclosed sum as part of efforts to expand its platforms in support of clients’ space missions. “What makes Blue Canyon Technologies the right fit for our business is its agile, innovative culture and expertise in small satellite systems and technologies,” said Roy Azevedo, president of Raytheon Intelligence and Space and a 2020 Wash100 Award winner.

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