Tag Archives: M&A Activity

Jack London, executive chairman and chairman of the board at CACI International (NYSE: CACI), has died at the age of 83. “He set the bar high for business leaders across our industry, developing a successful business that continuously excelled and stayed strong through more than 50 years of changes in the federal landscape,” said John Mengucci, president and CEO of CACI.

Redwire, a space technology company backed by AE Industrial Partners, has bought spacecraft and satellite systems engineering firm Oakman Aerospace for an undisclosed sum. Jacksonville, Florida-based Redwire said Tuesday the acquisition represents the sixth deal for the company AEI formed in June last year.

Oshkosh (NYSE: OSK) has closed its acquisition of engineering company Pratt Miller in a debt- and cash-free transaction worth approximately $115M. “This acquisition will allow us to leverage Pratt Miller’s experience and innovation in areas such as artificial intelligence, robotics, autonomous and connected systems and electrification, positioning our Company for future growth,” said John Pfeifer, president and chief operating officer of Oshkosh.

VTG has acquired Fairfax, Virginia-based systems engineering company Intelligent Shift for an undisclosed sum in a move to add intelligence agencies to the former's national security customer portfolio. Chantilly, Virginia-based VTG said Wednesday the transaction also expands the company's systems, digital and software engineering support offerings.

Unmanned aircraft system manufacturing company AeroVironment (Nasdaq: AVAV) has agreed to acquire Arcturus UAV in a cash-and-stock transaction valued at approximately $405M as part of efforts to expand into adjacent segments and broaden UAS portfolio and customer footprint. “We are excited about the opportunities for value creation through our acquisition of Arcturus UAV, which will enable us to accelerate our growth strategy and expand our reach into the more valuable Group 2 and 3 UAS segments,” said Wahid Nawabi, president and CEO of AeroVironment.

A state-by-state analysis of Department of Defense spending showed Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) took the first three spots on a list of top 10 contract awardees during fiscal year 2019. The list also includes General Dynamics (NYSE: GD), BAE Systems, Huntington Ingalls Industries (NYSE: HII), Humana (NYSE: HUM), L3 Technologies, which now operates as L3Harris Technologies (NYSE: LHX) after it merged with Harris, Raytheon and United Technologies Corp. Raytheon and UTC merged in April 2020 and the combined entity now runs as Raytheon Technologies (NYSE: RTX).

Chantilly, Virginia-based security engineering services provider System High has purchased a Booz Allen Hamilton (NYSE: BAH) business unit that supports the Missile Defense Agency in cybersecurity and computer network defense efforts. System High said Monday its acquisition of the Technical, Engineering, Advisory and Management Support group from Booz Allen includes contracts and 100 employees.

Global investment firm Francisco Partners has announced the appointment of Manny Rivelo, a more than 30-year executive in security and information technology sectors, as the new CEO of Forcepoint in a string of executive appointments after it completed the acquisition of the cybersecurity platforms developer from Raytheon Technologies (NYSE: RTX).

France-based information technology services provider Atos SE has made an unsolicited bid to acquire Tysons, Virginia-based IT company DXC Technology (NYSE: DXC). DXC was formed out of the merger between Computer Sciences Corp. and the enterprise services business of Hewlett Packard Enterprise (NYSE: HPE) in 2017 and helped form Perspecta (NYSE: PRSP) in 2018 via a three-way deal with Vencore and KeyPoint Government Solutions.

Axiologic Solutions, a federal information technology services contractor, has purchased intelligence services firm Knowledge Link for an undisclosed sum as part of efforts to expand its capabilities in support of missions of national security customers.