M&A Activity

Scottsdale, Ariz.-based law enforcement technology provider Axon has bought Safariland’s VIEVU subsidiary, which offers camera and cloud-based evidence management systems to the public safety sector. Axon said Friday Safariland has also agreed to supply holster devices for TASER Conducted Electric Weapon systems under a partnership agreement between the two companies. Sean McCarthy, general manager of VIEVU, said the …

Spirit AeroSystems (NYSE: SPR) has agreed to buy Asco Industries’ Belgium-based parent company, S.R.I.F., for approximately $650 million in cash. Wichita, Kan.-based Spirit said Wednesday it expects to use new debt to fund the transaction that is scheduled to conclude in the second half of 2018, pending regulatory clearances and …

New York-based private equity firm American Industrial Partners has agreed to buy Vertex Aerospace business from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction includes the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace systems segment and both companies …

New York City-based Veritas Capital has wrapped up its acquisition of PricewaterhouseCoopers‘ U.S. public sector arm that offers strategic advisory services to federal, state and local government agencies. The private equity firm will rename the acquired business once current rebranding efforts are completed, Veritas said Tuesday. “We are excited to start this next stage …

Boeing (NYSE: BA) has agreed to purchase aviation parts and services provider KLX (Nasdaq: KLX) for approximately $3.2 billion cash in a move to grow its services business. Boeing said Tuesday it will pay $63 per share in cash and assume $1 billion in net debt from the Wellington, Florida-based aerospace parts …

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector hit $15 billion in the first quarter of fiscal 2018, reflecting a 28 percent increase over the previous quarter and a 19 percent rise from the same period last year. PwC reported that global …

KBR (NYSE: KBR) has completed its purchase of Greenbelt, Maryland-based government technology and engineering services contractor Stinger Ghaffarian Technologies. Houston-based KBR said Wednesday it intends to retain most of SGT’s current structure and integrate the business into its government services arm KBRwyle. SGT offers technology platforms and services to NASA and other government …

Herndon, Va.-based communications and technology services contractor Peraton has acquired communications infrastructure developer Strategic Resources International for an undisclosed sum. “The addition of SRI to the Peraton portfolio adds an important complement to our communications offerings through their extensive portfolio of telecommunications assets in the areas of mobile, [internet protocol] …

KBR (NYSE: KBR) has assumed control of a joint venture with U.K.-based construction and facilities management provider Carillion after the latter announced insolvency in January. KBR said Thursday that it closed the acquisition of Carillion’s interest in their Aspire Defence joint venture without causing disruption to operations and delivery of services. Aspire Defence JV …

Valiant Integrated Services has agreed to acquire Cubic’s (NYSE: CUB) global defense services business for approximately $135 million in cash in a push to expand its client base and broaden its technical platforms and service offerings in training and readiness markets. Valiant CEO James Jaska said in a statement published Thursday …