Tag Archives: M&A Activity

Kathy Warden, president and chief operating officer of Northrop Grumman (NYSE: NOC) and a three-time Wash100 recipient, has been elected to serve as president and CEO of the company in a move slated to take effect Jan. 1. She will succeed Wes Bush, who will continue to serve as chairman …

Engility (NYSE: EGL) is reportedly in talks with defense contractors such as Science Applications International Corp. (NYSE: SAIC) and CACI International (NYSE: CACI) as it considers putting itself up for sale, Reuters reported Thursday. Sources told Reuters that discussions are still in the early stages and may not result in a transaction. …

L3 Technologies (NYSE: LLL) has agreed to purchase information security firms Linchpin Labs and Azimuth Security for approximately $200 million combined in a push to develop synergies for future growth and build up its cyber, surveillance and intelligence collection capabilities. L3 said Wednesday the acquired companies will operate as L3 …

Perspecta (NYSE: PRSP) will provide geography data integration, validation and creation support services for the National Geospatial-Intelligence Agency under a potential 10-year, $920 million indefinite-delivery/indefinite-quantity contract awarded in May. The company said Monday it will merge its open-source data acquisition strategy with artificial intelligence and machine learning to help build up …

Colorado-based EchoStar (Nasdaq: SATS) called on Inmarsat to initiate discussions with shareholders about its $3.2 billion takeover offer and that it would pursue the bid if given a deadline extension, Reuters reported Friday. EchoStar has until Friday, July 6, to decide whether to present a firm offer for Inmarsat or drop the …

New York-based investment firm American Industrial Partners has closed its purchase of Vertex Aerospace businesses from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction initially announced in May is subject to customary adjustments and covers the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace …

L3 Technologies (NYSE: LLL) has purchased Columbia, Md.-based aerospace engineering and space situational awareness services provider Applied Defense Solutions for approximately $50 million in a move to build up its space mission capabilities. L3 said Monday it will operate the newly acquired firm as L3 ADS to provide space exploration, space systems mission …

Dell Technologies (NYSE: DVMT) said it will buy out VMware’s (NYSE: VMW) tracking stock in a cash-and-stock deal valued at approximately $21.7 billion in a move to go public again without filing for an initial public offering, Reuters reported Monday. Dell will swap 1.3665 shares of its Class C stock, or …

Larry Prior, formerly president and CEO of CSRA and a four-time Wash100 winner, has joined The Carlyle Group (Nasdaq: CG) as an operating executive consultant for the private equity firm’s aerospace, defense and government services team. He will provide the team with investment guidance on acquisition and sourcing and offer advice to …

Sharon Brady, a 17-year veteran of Huntington Ingalls Industries’ (NYSE: HII) Stoller Newport News Nuclear business, has been named chief operating officer of SN3. She assumed her new role on June 4 after serving as director of business services for the Savannah River National Laboratory, where SN3 is part of …