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M&A Activity

Drone USA to Buy West Coast Machine Parts Supplier Through Cash-and-Stock Deal

New York-based Drone USA has signed a letter of intent to buy an unidentified West Coast-based supplier of machine parts, spares and replacement tools to the defense and commercial sectors through a cash-and-stock transaction of an undisclosed sum. Drone USA CEO Michael Bannon said Thursday he expects the transaction to …

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Reports: Airbus to Shed 23.6% Dassault Aviation Stake

Global aerospace and defense contractor Airbus Group will sell its 23.6 percent stake in Dassault Aviation and use money from the stock sales for “general corporate purposes, ” the Wall Street Journal reported Thursday. Robert Wall writes Airbus aims to shed 9.05 percent of its total ownership in Dassault through an accelerated bookbuild process and sell another 5.5 …

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Doug Davis: Intel to Buy Computer Vision Algorithms Provider Itseez

Intel (Nasdaq: INTC) has agreed to purchase Itseez, a developer of computer vision, machine learning and pattern recognition algorithms. Doug Davis, senior vice president and general manager of the Internet of Things group at Intel, wrote in a blog post published Thursday that Itseez will join Intel’s IoT group to develop …

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TransDigm to Purchase Aircraft Component Maker Data Device Corp for $1B

Cleveland-based aircraft component maker TransDigm (NYSE: TDG) has agreed to purchase databus and power control system manufacturer Data Device Corp. and its parent company ILC Holdings from Behrman Capital for approximately $1 billion in a push to add new products for military, space and commercial customers. Transdigm said Wednesday it expects to close the transaction that is subject to …

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Mike Lawrie: CSC Has ‘All Options’ on Table for HPE’s US Public Sector Arm Post-Merger

Computer Sciences Corp. (NYSE: CSC) CEO Mike Lawrie told investors Tuesday the company will consider an undefined range of options regarding Hewlett-Packard Enterprise‘s (NYSE: HPE)’s U.S. public sector business in conjunction with CSC’s merger into HPE’s enterprise services segment. Tysons, Virginia-based CSC is subject to a two-year non-compete agreement in the federal government field …

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FedData Buys Intelligent Decisions’ Intelligence Businesses

Federal Data Systems has purchased two Maryland-based counterintelligence and intelligence business units from public sector services contractor Intelligent Decisions for an undisclosed sum in an effort to expand threat insider and critical infrastructure support services for commercial and government organizations. “This acquisition launches our platform of companies and extends FedData’s reach into the …

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KBR CEO Stuart Bradie: Wyle Purchase Adds US Govt R&D Contracts as Complement to Overseas Work

KBR‘s (NYSE: KBR) move to purchase U.S. government engineering and technical services contractor Wyle Laboratories for $570 million aims to add a pipeline of domestic research-and-development services to federal agencies as a complement to work carried out overseas, KBR CEO Stuart Bradie told investors Monday. Bradie said a majority of KBR’s government …

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KBR Strikes $570M Deal For Engineering, Science Contractor Wyle

Houston-based KBR (NYSE: KBR) has agreed to purchase U.S. federal engineering and scientific services contractor Wyle Laboratories for $570 million in a move both companies expect to create a global government services business segment with an estimated $2 billion in projected annual contract work. KBR said Monday it expects to …

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Texas Wyoming Drilling Changes Name to Drone USA; Michael Bannon Comments

Texas Wyoming Drilling has changed its name to Drone USA to reflect its focus on the production of low-altitude unmanned aerial vehicles, quadcopters and other fixed-wing systems. The Financial Industry Regulatory Authority also approved Thursday the company’s plan to trade its common stock on OTC Markets under the ticker symbol DRUS …

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AE Industrial Partners Acquires Composite & Metallic Parts Manufacturer AC&A

AE Industrial Partners has acquired AC&A, a manufacturer of composite and metallic parts and tooling for the aerospace, defense, space and automotive markets. The private investment firm said Thursday the deal follows AEI’s purchase of Belcan, an engineering project management and technical staffing company,  and Kellstrom Materials, a parts support and supply chain management provider …

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