Tag Archives: M&A Activity

Nick Wakeman: If EADS Merger Closes, BAE May Shed $2B Intell Business

In a Thursday column for Washington Technology, editor Nick Wakeman explored potential implications should BAE Systems and EADS close on a deal to merge, with effects reverberating in Europe and the U.S. Wakeman reports a source told him BAE may have to sell its estimated $2 billion intelligence business to comply …

Read More »

Engility Realigns: John Heller to Head Operations, John Craddock Lead Customer Relationships

Engility Corp. (NYSE: EGL), which spun off from L-3 Communications (NYSE: LLL) into a standalone company in July,  announced Wednesday it is realigning into a central operating group with four business units. As of Jan. 1, 2013, the Chantilly, Va.-based contractor will operate units specializing in services for training and mission support, technology, …

Read More »

Report: BAE, EADS Combination Talks at ‘Advanced Stage’

BAE Systems and EADS are discussing a potential combination with talks at an advanced stage, Bloomberg reports. If the deal goes through, BAE would retain its independence to operate in the U.S. defense market, a source told Bloomberg. Linda Hudson, CEO of BAE’s U.S. subsidiary, recently said the potential of …

Read More »

AMERICAN SYSTEMS to Buy SAIC’s Testing Unit; Bill Hoover Comments

AMERICAN SYSTEMS has agreed to acquire SAIC Inc.’s (NYSE: SAI) testing and evaluation unit and expects to close the transaction by mid-October, AMERICAN SYSTEMS announced Thursday. SAIC announced last week it plans to complete a split into two independent, publicly-traded companies by the second half of fiscal year 2014. Close to 300 …

Read More »

GeoEye CEO Matt O’Connell: Budget Uncertainty Led to DigitalGlobe Merger

GeoEye‘s (NASDAQ: GEOY) decision to sign a merger agreement with DigitalGlobe (NYSE: DGI) was prompted by uncertainty over funding for a GeoEye contract with the National Geospatial-Intelligence Agency, GeoEye CEO Matt O’Connell told the Washington Business Journal. In an interview with reporter Jill Aitoro, O’Connell estimated the 10-year, $3.8 billion …

Read More »

August Brings IT Firm Buys, News of a Future Split

Acquisitions in August were mostly about information technology firms with five purchases aimed at bolstering IT operations for the new parent companies. However, the biggest news came from SAIC (NYSE: SAI) as it bought a commercial healthcare IT firm and announced a future split into two separate publicly-traded companies. Here …

Read More »

SAIC Plans to Split Into Two Companies; Jumper, Shea Comment

The board of directors at SAIC Inc. (NYSE: SAI) has given management approval to formulate a plan to split SAIC into two independent, publicly traded companies. In its announcement, SAIC said it intends for one company to focus on government technical services and enterprise information technology. The other will focus …

Read More »

General Dynamics Completes Fidelis Buy; Lou Von Thaer Comments

General Dynamics (NYSE: GD) has completed its acquisition of Fidelis Security Systems, a provider of cybersecurity tools for real-time network visibility, analysis and control. General Dynamics said Fidelis will become a part of its advanced information systems unit and did not disclose the value of the cash transaction. Lou Von …

Read More »

John Jolly: General Dynamics Fidelis Buy Adds Cyber Visibility Products

Advanced persistent threats — groups that consistently attack one entity — require constant visibility from an enterprise perspective, General Dynamics‘ (NYSE: GD) cyber division lead said Monday. John Jolly, vice president and general manager of that division, told GovCon Wire the company purchased Fidelis Security Systems to complement its existing …

Read More »

General Dynamics to Buy Cyber Visibility Firm Fidelis; John Jolly Comments

General Dynamics (NYSE: GD) has agreed to acquire cybersecurity analysis and visibility provider Fidelis Security Systems for an undisclosed amount of cash, General Dynamics announced Monday. General Dynamics expects to complete the transaction during the third quarter of 2012 and will integrate Fidelis into its advanced information systems business unit. …

Read More »