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Tag Archives: Acquisition

Roper Technologies to Purchase Deltek for $2.8B

‎Sarasota, Fla.-based industrial and technology conglomerate Roper Technologies (NYSE: ROP) has agreed to purchase software and information product provider Deltek for $2.8 billion from private equity firm Thoma Bravo. Roper said Tuesday it expects to complete the transaction before the year’s end and will fund the deal through its existing …

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December 5 Market Close: GovCon Index Hits First 90-Point Close, HII & Services Gains Offset Prime Declines

Executive Mosaic’s GovCon Index closed above the 90-point mark for the first time since its October 2014 inception as Huntington Ingalls Industries (NYSE: HII) and services contractors led gains to offset declines by Northrop Grumman (NYSE: NOC) and other defense primes on a positive day for U.S. stocks. Monday’s strong performance restarts a post-election …

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Huntington Ingalls Launches $1B Govt Services Segment As $380M Camber Buy Closes

Huntington Ingalls Industries (NYSE: HII) has officially launched its new government services business segment upon the completion of the Newport News, Virginia-based military shipbuilder’s $380 million purchase of Camber Corp. announced in November. Huntington Ingalls said Friday the segment will operate under the name of HII Technical Solutions and offer professional services to government and commercial customers worldwide as Camber joins …

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Harris to Sell Maritime Comm Business for $425M, First Divestiture Since Jana Pact

Harris Corp. (NYSE: HRS) has agreed to sell its maritime energy communications business to global satellite services company SpeedCast International for $425 million in the military radio maker’s first divestiture since its August agreement with activist hedge fund Jana Partners. This move is part of Harris’ larger effort to examine non-core businesses and …

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Harris & Engility Top Wall Street’s Quarterly Earnings Forecasts, KBR Reports 3Q Net Loss

Three GovCon Index-listed government contractors and one also included in the S&P 500 composite index posted quarterly financial results before markets opened Tuesday. Co-listed Harris Corp. (NYSE: HRS) posted fiscal year 2017 first quarter results above Wall Street’s consensus forecasts and in conjunction announced a $425 million sale of its CapRock communications business as …

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HPE Closes $275M Buy of Silicon Graphics International to Add High-Performance Computing Footprint

Hewlett Packard Enterprise (NYSE: HPE) has completed its acquisition of high-performance computing technology provider Silicon Graphics International for $275 million to add new data analytics technology and pursue HPC market growth. HPE said Tuesday the deal also brings new service offerings in addition to the product line as private and public sector …

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Tony Frazier: The Radiant Group Acquisition to Support Expansion of DigitalGlobe Services

TYSONS CORNER, VA, Oct. 31, 2016 —  Tony Frazier, senior vice president of government solutions at DigitalGlobe (NYSE: DGI), has said DigitalGlobe’s acquisition of geospatial information services contractor The Radiant Group serves to support the former’s services business expansion efforts, ExecutiveBiz reported Thursday. Frazier stated in a blog post published Wednesday that integrating …

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Harris, Capstone Vet Richard White Joins Space Systems Loral as US Govt Lead

Richard White, a 31-year veteran from Harris Corp. (NYSE: HRS) and former CEO of government services contractor Capstone Corp., has joined spacecraft system and satellite manufacturer Space Systems Loral to lead SSL’s U.S. government business as a senior vice president. Palo Alto, Calif.-based SSL said Thursday White will be based out of …

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October 24 Market Close: GovCon Index Lifts on Defense Prime Gains, Rockwell Collins Tumbles on Flat Guidance

Executive Mosaic’s GovCon Index held higher Monday with large prime contractors the top advancers to offset a large decline by Rockwell Collins (NYSE: COL) on flat revenue guidance for its current fiscal year as U.S. stocks advanced on deal activity and new earnings reports. GovCon Index gainers outnumbered laggers at a 5-to-1 …

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Tony Frazier: DigitalGlobe to Integrate Software Development Team Through Radiant Group Acquisition

TYSONS CORNER, VA, Oct. 20, 2016 — Tony Frazier, senior vice president of government solutions at DigitalGlobe (NYSE: DGI), has said the company’s planned $140 million acquisition of The Radiant Group serves to integrate the latter’s software development and engineering workforce, ExecutiveBiz reported Tuesday. National Defense Magazine reported Monday that Frazier noted the incoming team …

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