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M&A Activity

L3 Buys Doss Aviation in Military Flight Training Push

L3 Technologies (NYSE: LLL) has purchased Colorado Springs, Colorado-based initial flight training company Doss Aviation for an undisclosed amount in a strategy to expand presence in the military pilot training market. New York City-based L3 said Thursday will integrate Doss Aviation into its electronic systems business segment and run the company …

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CenturyLink Moves Closing Date for $34B Level 3 Acquisition to October

CenturyLink (NYSE: CTL) has pushed back the projected closing date for its pending $34 billion acquisition of Level 3 Communications (NYSE: LVLT) through a cash-and-stock transaction from Sept. 30 to mid-to-late October. The revised timeframe for the transaction’s intended closure was based on the California administrative law judge’s recommendation for the California Public Utilities …

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L3 Eyes Undersea Market Expansion Through Adaptive Methods Buy

L3 Technologies (NYSE: LLL) has purchased Centreville, Virginia-based systems engineering firm Adaptive Methods for an undisclosed sum in a move to expand footprint in the undersea market. L3 said Tuesday it will incorporate Adaptive Methods into its sensor systems business segment to operate as L3 Adaptive Methods. Christopher Kubasik, L3 president and …

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SOS International Buys DGI in Cyber Intelligence Market Push

SOS International has acquired Vienna, Virginia-based data analytics and cyber platforms provider Defense Group Inc. for an undisclosed sum in a move to expand its client base and broaden technical capabilities in the field of cyber intelligence. The transaction marks SOSi’s second purchase in the intelligence sector after it bought defense …

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Greg Hayes: UTC-Rockwell Collins Merger Deal Aims to Advance Digital Platforms, Predictive Analytics

Greg Hayes, CEO of United Technologies Corp. (NYSE: UTX), has said UTC’s move to acquire Rockwell Collins (NYSE: COL) under an estimated $30 billion deal seeks to advance the development of digital platforms for the aviation sector, Reuters reported Tuesday. Hayes told Reuters the proposed acquisition also aims to facilitate the adoption of …

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UTC Inks $30B Deal for Rockwell Collins in Aerospace Market Push; Greg Hayes Comments

United Technologies Corp. (NYSE: UTX) has agreed to purchase Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) through an estimated $30 billion transaction in a move to establish a new aerospace systems supplier that will work to meet the evolving needs of global clients. Farmington, Connecticut-based conglomerate UTC said Monday it will pay …

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Jacobs Buys Blue Canopy to Further Digital Tech Strategy; Darren Kraabel Comments

Jacobs Engineering Group (NYSE: JEC) has purchased Reston, Virginia-based information technology services provider Blue Canopy for an undisclosed sum in a strategy to expand the former’s digital platforms offered under a connected enterprise framework. Jacobs said Thursday it aims to broaden the Jacobs Connected Enterprise framework’s digital systems designed to …

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Reports: UTC Nears Deal to Acquire Rockwell Collins

United Technologies Corp. (NYSE: UTX) is close to finalizing an agreement to buy Cedar Rapids, Iowa-based avionics contractor Rockwell Collins (NYSE: COL) as the industrial conglomerate aims to expand its aerospace business, Reuters reported Tuesday. A source familiar with the negotiations told Reuters the companies are close to reaching an agreement on …

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Forcepoint Buys Analytics Firm RedOwl in Human-Focused Security Push

Forcepoint, a cyber technology joint venture led by Raytheon (NYSE: RTN), has acquired  Baltimore, Maryland-based security analytics company RedOwl as part of efforts to help enterprise customers adopt human-centric cybersecurity systems. RedOwl designed its analytics platform for organizations to gain insight into anomalous behavior and access among people, devices, data and applications in real time, Forcepoint …

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John Foley: DSA Leveraged Growth Strategy in PPC Acquisition

John Foley, executive vice president and chief financial officer of Data Systems Analysts, has said the professional services contractor utilized “recent growth” to acquire information technology and management consulting provider Project Performance Company, Philly.com reported Tuesday. Trevose, Pennsylvania-based DSA bought PPC in July as part of a push to expand cloud computing and legacy …

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