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M&A Activity

Rockwell Collins Shareholders Set Jan. 11 Vote on UTC Deal

Rockwell Collins (NYSE: COL) is set to hold a shareholder meeting on Jan. 11 to decide on proposals associated with United Technologies Corp.’s (NYSE: UTX) proposed $30 billion acquisition of the Cedar Rapids, Iowa-based avionics contractor. Rockwell Collins said Monday shareholders of record as of Dec. 8 will be eligible to …

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Xator Buys Merlin’s Professional Services Unit in Govt, Critical Infrastructure Market Push

Information technology and security services provider Xator has bought the professional services business of Englewood, Colorado-based cybersecurity company Merlin International for an undisclosed sum. Reston, Virginia-based Xator said in a Dec. 1 news release the acquisition would help expand its presence in the government and critical infrastructure markets. Merlin’s professional …

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Report: PwC Mulls Sale of Govt Consulting Practice

PwC is considering selling the financial auditing and consulting firm’s government consulting practice that could be valued at approximately $500 million, Reuters reported Saturday. Sources told Reuters PwC expects the planned transaction to help the company pursue growth opportunities in providing auditing services to government agency clients and has tapped …

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FTC Seeks Additional Data on Northrop-Orbital ATK Deal

The Federal Trade Commission has issued Northrop Grumman (NYSE: NOC) a second request for additional data associated with its proposed $9.2 billion acquisition of Orbital ATK (NYSE: OA). Northrop said Wednesday it received the request as FTC reviews the transaction as part of the regulatory process. The request for additional information came a …

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System One Eyes Federal Market Expansion Through GAP Solutions Purchase

Pittsburgh, Pennsylvania-based workforce services provider System One has purchased Herndon, Virginia-based professional services company GAP Solutions for an undisclosed sum in a move to expand its portfolio of offerings for federal civilian and defense clients. Troy Gregory, president and CEO of System One, said in a statement published Wednesday the …

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Triumph Group to Merge Aerospace & Precision Tech Businesses

Berwyn, Pennsylvania-based aircraft component manufacturer Triumph Group (NYSE: TGI) plans to merge its Precision Components and Aerospace Structures businesses into a new business unit slated to launch Jan. 1. Pete Wick, executive vice president of Precision Components, will serve as EVP of the newly combined business unit that will operate …

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TTM Inks $775M Cash Deal for Anaren to Expand Defense & Aerospace Electronics Portfolio

TTM Technologies (Nasdaq: TTMI) has agreed to buy East Syracuse, New York-based microwave microelectronics provider Anaren from private equity firm Veritas Capital for approximately $775 million cash. TTM said Sunday the deal will help expand its products portfolio through the addition of Anaren’s radio frequency subsystems and components for aerospace …

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Orbital ATK Shareholders OK $9.2B Merger With Northrop; David Thompson Comments

Shareholders at Orbital ATK (NYSE: OA) have approved a deal for Northrop Grumman (NYSE: NOC) to acquire the Dulles, Virginia-based aerospace and defense contractor in an estimated $9.2 billion transaction. Holders of at least 99 percent of shares in Orbital ATK voted to approve the merger during the Wednesday meeting, …

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Foreign Investment Committee Completes Ultra Electronics-Sparton Transaction Review

The Committee on Foreign Investment in the U.S. has finalized its review of the proposed acquisition of Schaumburg, Illinois-based electromechanical technology company Sparton (NYSE: SPA) by U.K.-based defense and aerospace contractor Ultra Electronics. Ultra said Monday it signed a timing agreement with the Justice Department and that the deal is still subject to antitrust …

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Novume to Purchase NeoSystems Via Cash-and-Stock Deal

Novume Solutions has agreed to acquire back office management company NeoSystems for an undisclosed sum through a cash-and-stock transaction. Chantilly, Virginia-based Novume said Monday it expects to wrap up the acquisition in the first quarter of 2018, pending customary closing conditions. The transaction covers the assumption of some liabilities of NeoSystems and …

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