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M&A Activity

L3 Acquires Minority Stake in Peak Nano Optics; Christopher Kubasik Comments

L3 Technologies (NYSE: LLL) has purchased a minority stake in nanotechnology developer Peak Nano Optics for an undisclosed amount. Dallas, Texas-based Peak Nano uses a gradient refractive index technology to design and manufacture electro-optical lenses for visible to near-infrared applications, L3 said Wednesday. Christopher Kubasik, president and CEO of L3, said the investment offers the …

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By Light Makes Intell Community Expansion Push Through Axom Merger

By Light Professional IT Services has agreed to merge with internal service provider Axom Technologies in a push to expand the delivery of information technology services to intelligence and defense communities. “Our merger with Axom represents a significant milestone in the achievement of our vision to strengthen our services offerings, …

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Eric DeMarco: Kratos Eyes Defense Business Focus With Public Safety & Security Divestiture

Kratos Defense and Security Solutions (Nasdaq: KTOS) has agreed to sell its public safety and security system integration business to Securitas Electronic Security for approximately $69 million in cash. Eric DeMarco, Kratos president and CEO, said in a statement published Wednesday the divestiture concludes the execution of the company’s strategy to transition …

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David Young: Level 3 Purchase Equips CenturyLink to Further Serve Federal Clients

David Young, regional vice president of strategic government at CenturyLink (NYSE: CTL), has said he believes the company’s purchase of Level 3 Communications provides CenturyLink an opportunity to provide integrated technology offerings for federal clients and manage current and new government contracts, FierceTelecom reported Tuesday. CenturyLink closed its $34 billion acquisition of Level 3 in …

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KBR to Buy Stinger Ghaffarian Technologies in Govt Service Expansion Push

KBR (NYSE: KBR) has agreed to acquire Greenbelt, Maryland-based government technology services contractor Stinger Ghaffarian Technologies for an undisclosed sum in a move to expand its high-tech professional service offerings for NASA and other federal agencies. “SGT is a great company with very talented people and is the right fit …

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Patriot Defense Adds to Military Services Portfolio With Innovative Logistics Buy

Orlando, Florida-based Patriot Defense Group has acquired Innovative Logistics for an undisclosed sum to bolster mission critical service offerings for military clients. Innovative Logistics offers expeditionary services to the U.S. Special Operations Command and serves as a third-party provider of logistics support to conflict zones, hostile environments or frontier economies …

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Cubic Buys Image Processing Tech Maker MotionDSP; Mike Twyman Comments

Cubic (NYSE: CUB) has acquired Burlingame, California-based software company MotionDSP in a move to add image processing technology offerings to the San Diego-based contractor’s mission solutions business. MotionDSP offers technology designed to help customers process videos for public safety, government and security applications, Cubic said Thursday. Mike Twyman, president of Cubic Mission Solutions, said the …

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Jason Aiken: General Dynamics Seeks to Compete in ‘Consolidating’ Govt IT Services Market

Jason Aiken, CFO of General Dynamics (NYSE: GD), has said the acquisition of CSRA (NYSE: CSRA) will help the Falls Church, Virginia-based aerospace and defense contractor compete in the government IT services market, Inside Defense reported Wednesday. “In a consolidating market, our thesis is that you either have to consolidate or get consolidated …

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Curtiss-Wright to Purchase Siemens’ Dresser-Rand Govt Business for $212M

Curtiss-Wright (NYSE: CW) has agreed to buy Siemens’ Dresser-Rand government business through a $212.5 million cash transaction. Curtiss-Wright said Tuesday it will operate Dresser-Rand as part of its power segment and expects to close the acquisition in April, subject to regulatory approval and other customary closing conditions. “The acquisition of Dresser-Rand’s …

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Arlington Capital Makes Intell Community Tech Push Through IAI Purchase

Arlington Capital Partners has purchased Chantilly, Virginia-based systems engineering and technical analysis services provider Integrity Applications Inc. for an undisclosed sum. The Washington-based private equity firm said Wednesday it plans to merge IAI with human intelligence platforms provider Xebec that Arlington Capital acquired in 2017. David Wodlinger, a partner at Arlington …

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