M&A Activity

STG Makes Intell Community Push Through $119M Deal for Preferred Systems Solutions

Reston, Va.-based government technology services contractor STG Group has agreed to acquire software engineering and computing provider Preferred Systems Solutions for $119 million in a push to add new footprints in the intelligence community and other national security agencies. STG said Tuesday it expects to close the transaction by the end of March pending …

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BAE’s US Arm Acquires IAP Research to Support Weapon Systems Devt Programs

BAE Systems‘ U.S. subsidiary has acquired Dayton, Ohio-based engineering company IAP Research to support programs focused on the development and production of weapon systems. IAP Research has supported BAE Systems Inc.’s work to build electromagnetic railguns for more than 10 years as a subcontractor, BAE said Tuesday. Erwin Bieber, president of platforms and …

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Lockheed Gets $95M Modification on Navy Trident II Missile Production Support Contract

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a one-year, $95.4 million contract modification to continue the production of Trident II D5 ballistic missiles and to support deployed missile systems. The Defense Department said Wednesday that $90.1 million in obligated contract funds will expire by the end of the current fiscal year. …

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Future CSC-HPE Services Combination to Trade as ‘DXC Technology’

The company set to be formed by the merger of Computer Sciences Corp. (NYSE: CSC) and the enterprise services segment of Hewlett Packard Enterprise (NYSE: HPE) will operate under the “DXC Technology” name upon the deal’s scheduled April 3 closure. CSC said Wednesday the future company will list on the New York …

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CSC, CSRA Amend Non-Compete Agreement in Public Sector Market

Computer Sciences Corp. (NYSE: CSC) has amended its non-competition pact with CSRA (NYSE: CSRA) ahead of an impending merger between CSC and Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services segment, CRN reported Monday. Michael Novinson writes the modified agreement will ease limits on CSC’s participation in the federal, state and local government markets …

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HPE, CSC Reveal Board of Directors for Future Combined IT Services Company

Hewlett Packard Enterprise (NYSE: HPE) and Computer Sciences Corp. (NYSE: CSC) have named 10 directors who will serve on the board of the company that will form out of a planned merger between CSC and HPE’s enterprise services business. The companies said Friday current CSC President and CEO Mike Lawrie will …

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ANSER Buys Federal R&D Consortia Manager ATI from SCRA

Analytic Services has purchased Advanced Technology International from South Carolina-based applied research corporation SCRA for an undisclosed sum in an effort to expand ANSER’s U.S. presence and advance its public service mission through the integration of ATI’s research and development capabilities. ANSER will add approximately 165 employees to its workforce and …

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Harris to Sell Govt IT Services Business to Veritas Capital for $690M

Harris Corp. (NYSE: HRS) has agreed to sell its government information technology services business to private equity investment firm Veritas Capital for approximately $690 million in the military radio maker’s second major divestiture over less than one month as part of its larger portfolio reshaping effort. The deal comes approximately three weeks …

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Millstein & Co. Buys PRA Group’s Government Service Businesses for $91.5M

New York-based financial services firm Millstein & Co. has purchased four government service businesses from Norfolk, Virginia-based debt buyer PRA Group (Nasdaq: PRAA) for $91.5 million cash. Millstein said Thursday it will operate Broussard Partners, eGov Systems, MuniServices and Revenue Discovery Systems through its newly formed entity – Government Revenue …

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Octo Consulting Buys Aquilent’s SeaPort-e Business Unit

Octo Consulting Group has purchased the SeaPort-e business unit from Laurel, Maryland-based federal digital and cloud services provider Aquilent for an undisclosed sum. Octo said Wednesday it assumed the support contract for the SeaPort-e electronic platform with the U.S. Navy before Booz Allen Hamilton (NYSE: BAH) completed the acquisition of Aquilent. …

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