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M&A Activity

Rod Reum: Mission Ready Seeks Tactical Portfolio Growth in Buy of ForceOne Armor Business Assets

Mission Ready Services’ PTF Manufacturing division has purchased ForceOne’s armor business manufacturing assets for an undisclosed sum. The deal also includes ForceOne’s 23 certifications for products that comply with the National Institute of Justice’s ballistic resistance standard for body armor, list of customers and trademark, Mission Ready said Thursday. Rod Reum, …

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KBR Closes $300M Purchase of Honeywell Govt Services Business; Stuart Bradie Comments

Houston-based engineering and construction firm KBR (NYSE: KBR) has wrapped up its $300 million purchase of the U.S. government services business of Honeywell (NYSE: HON). KBR said Monday it will integrate Honeywell Technology Solutions Inc. into the KBRWyle government services organization, which KBR expects to generate $2.5 billion in annual revenue across defense and aerospace programs. KBR …

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Drone USA Acquires Howco Distributing to Add Facilities, Property; Michael Bannon Comments

New York City-based unmanned vehicle maker Drone USA has concluded its purchase of wholesale distribution company Howco Distributing Corp. for $3.5 million in cash, promissory notes and warrants. Drone USA said Tuesday it will have access to Howco’s facility leases and related intellectual property and establish connections with the latter company’s suppliers and vendors. Howco reported …

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Calibre Buys Fusion Technology in Federal Market Expansion Push; Joe Martore Comments

Management consulting and information technology services contractor Calibre Systems has purchased Reston, Virginia-based Fusion Technology for an undisclosed amount as part of Calibre’s portfolio diversification efforts. Fusion Technology works with intelligence community clients to help them create enterprise talent management applications and instructional systems, Calibre said Friday. Calibre President and CEO Joe Martore said the company …

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OSI Systems Buys American Science & Engineering to Grow Security Tech Portfolio

Hawthorne, California-based OSI Systems (Nasdaq: OSIS) has bought inspection systems provider American Science and Engineering for approximately $269 million, or $37.00 per share in cash. The transaction adds AS&E’s screening technology platforms into OSI Systems’ portfolio of security offerings such as the Z Backscatter Van X-ray backscatter-based technology and the MINI Z portable backscatter-based inspection system,  OSI Systems …

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HPE to Merge Non-Core Software Assets With Micro Focus in $8.8B Deal; Meg Whitman Comments

Hewlett Packard Enterprise (NYSE: HPE) has announced plans to merge its non-core software assets with global enterprise software firm Micro Focus under an $8.8 billion deal that is expected to be tax-free to HPE. HPE said Wednesday both companies expect the combination of HPE’s big data, application delivery management, enterprise security, information technology operations …

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L-3 Communications Enters Deal to Acquire Micreo; Christopher Kubasik Comments

L-3 Communications (NYSE: LLL) has agreed to acquire Australia-based electronic warfare subsystems provider Micreo for an undisclosed amount. L-3’s electronic systems segment will absorb Micreo and adopt the name L-3 Micreo when the transaction closes in September following completion of standard closing conditions, L-3 said Wednesday. “L-3 Micreo will enhance our core business …

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Dell Closes Merger With EMC, Unveils ‘Dell Technologies’ Brand

Dell and EMC have completed their $67 billion cash-and-stock merger to form enterprise information technology company Dell Technologies (NYSE: DVMT) that is forecast to generate $74 billion in annual revenue. Dell Technologies will run as a privately controlled IT firm and offer clients a portfolio of technology platforms in the areas of hybrid …

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Private Equity Firm TPG, Intel to Form Security JV Under Estimated $4.2B Deal

Santa Clara, California-based computing chip maker Intel (Nasdaq: INTC) will spin off the company’s security business into a new joint venture with investment firm TPG through an estimated $4.2 billion multi-step transaction. Intel said Wednesday it will own 49 percent of the JV to be called “McAfee” and receive $3.1 billion cash while TPG will own the remaining …

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LMI Seeks to Expand Intell Community Services Through FourWinds Acquisition

Tysons, Virginia-based LMI has agreed to acquire national security consulting services contractor FourWinds under a deal of an undisclosed sum approved by the former’s board and the leadership teams of both companies. LMI said Thursday the acquisition seeks to complement its management consulting service offerings for the intelligence sector as the company eyes further expansion in the federal …

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