Tag Archives: divestiture

Jacksonville, Florida-based engineering and infrastructure services company Haskell has agreed to purchase Leidos‘ (NYSE: LDOS) heavy construction business and some design assets of the latter’s engineering business for an undisclosed sum. Haskell said Wednesday the transaction is scheduled to close in the second quarter of 2016 and will rebrand the Leidos Constructors and Leidos Engineering design asset businesses to Benham, the name …

KEYW Corp. (Nasdaq: KEYW) has agreed on a $12 million cash deal for the sale of its systems engineering and technical assistance business to Quantech Services. “As part of an ongoing strategic review of our business, we came to the conclusion that the growth potential of both KEYW’s core business …

British manufacturing conglomerate Ultra Electronics Holdings has completed its purchase of Kratos Defense & Security Solutions‘ (Nasdaq: KTOS) U.S. and U.K. electronic products business for $260 million in cash and $5 million in taxes incurred. Kratos said Monday its net cash proceeds from the transaction are $232.4 million after a $2 million escrow for purchase price adjustments, a $7.6 million working capital …

L-3 Communications (NYSE: LLL) is looking into a potential separation of its national security solutions business that offers cybersecurity services to government and commercial agencies, the Wall Street Journal reported Thursday. Doug Cameron writes that segment recorded $1.2 billion in sales during its 2014 fiscal year and the company’s review of its …

Finmeccanica no longer plans to sell its DRS Technologies subsidiary as the Italian defense and industrial conglomerate holds a positive outlook in the defense sector for the rest of this year, Financial Times reported Sunday. Peggy Hollinger writes Finmeccanica also is not searching for a U.S. partner to purchase a stake in DRS but …

Symantec (Nasdaq: SYMC) and private equity firm Carlyle Group are discussing the potential $7 billion to $8 billion sale of the former’s Veritas data storage business unit, Bloomberg reported Wednesday. Alex Sherman, Kiel Porter and Jordan Robertson write that negotiations on the potential deal’s terms are still underway. Sources told Bloomberg that interested …

Boeing (NYSE: BA) is looking into a potential divestiture or reassignment of some portions of its cybersecurity business as the company aims to focus on other areas in its portfolio, Reuters reported Tuesday. Andrea Shalal reports that Boeing has secured classified cyber contracts with the government but faces a crowded market since …

BAE Systems and DGD Technologies 2001 are planning to sell their holdings in the Land Systems South Africa defense company to Denel SOC, a state-owned aerospace and defense company in South Africa, for an estimated $80 million. BAE said Monday that Denel would own LSSA in its entirety as DGD proposed to sell its 25-percent …

Rockwell Collins (NYSE: COL) has sold its Kaiser Optical Systems subsidiary to Endress+Hauser Holding for an undisclosed amount, Avionics Intelligence reported Saturday. Courtney Howard writes Kaiser Optical Systems, Rockwell Collins Government Systems’ avionics business unit, manufactures spectrographic instrumentation and applied holographic tools at sites in Ann Arbor, Michigan and Lyon, …

  Computer Sciences Corp. (NYSE: CSC) has agreed to sell its enterprise hardware and software reselling business to a Japan-based conglomerate for $90 million cash. CSC expects the transaction, its fourth divestiture within the last four months, to close in March 2013, the company said Wednesday. The Falls Church, Va.-based …