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Tag Archives: M&A Activity

ManTech Records Q3 2017 Rise in Revenue, Net Income; Kevin Phillips Comments

ManTech International (Nasdaq: MANT) recorded $422.7 million in revenue for the third quarter of its fiscal year 2017, up from $415.4 million in the same period last year. ManTech said Wednesday it posted $15.2 million in Q3 net income, a figure that reflects a 4 percent rise from the prior-year period. The …

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CenturyLink Closes $34B Level 3 Purchase

CenturyLink (NYSE: CTL) has wrapped up its $34 billion acquisition of Level 3 Communications. The merger’s completion creates a combined entity with $24 billion in estimated pro forma annual revenue and a global network that links at least 350 metropolitan areas with over 100,000 on-net, fiber-equipped buildings, CenturyLink said Wednesday. The new …

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Melanie Anderson Joins HII Technical Solutions Business in VP Role; Andy Green Comments

Melanie Anderson, formerly head of human resources at KBRWyle’s engineering business, has joined Huntington Ingalls Industries’ (NYSE: HII) technical solutions division as vice president of human resources. Anderson has two decades of HR experience in several companies across aerospace and defense, government services and technology sectors, HII said Tuesday. She came …

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FCC OKs CenturyLink’s $34B Buy of Level 3

The Federal Communications Commission has cleared CenturyLink‘s (NYSE: CTL) proposed $34 billion acquisition of Level 3 Communications (NYSE: LVLT). CenturyLink said Monday the FCC approval came two weeks after the California Public Utilities Commission cleared the acquisition at its Oct. 12 meeting. John Jones, senior vice president for public policy and government …

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Serco Inc. to Buy BTP Systems in Govt C5ISR Services Expansion Push; Dave Dacquino Comments

Serco’s North American arm has agreed to purchase Ludlow, Massachusetts-based BTP Systems for an undisclosed amount in a move to expand its client base and command, control, communications, computers, combat systems, intelligence, surveillance and reconnaissance services for the government sector. Serco Inc. said Tuesday it expects to close the acquisition …

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HighPoint Global Eyes Citizen Experience Services Expansion Via Primescape Buy; Cal Shintani Comments

HighPoint Global has acquired Herndon, Virginia-based information technology platforms and services contractor Primescape Solutions for an undisclosed sum in an effort to advance the delivery of citizen experience services to government agencies. The combined company is projected to record approximately $140 million in annual revenue and will provide CX support …

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OpenGov Buys Peak Democracy in Citizen Engagement Tech Expansion Push

Redwood City, California-based government budgeting systems provider OpenGov has purchased Berkeley, California-based technology company Peak Democracy for an undisclosed amount in a move to expand its citizen engagement platforms for the government sector. OpenGov said Friday it will integrate Peak Democracy’s Open Town Hall offering with its Smart Government Cloud …

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CSRA Inks $235M Cash Deal for Praxis Engineering in Intell Market Push

CSRA (NYSE: CSRA) has agreed to purchase Annapolis Junction, Maryland-based Praxis Engineering Technologies for approximately $235 million in cash in a move to expand its capabilities in mission applications development and broaden its market presence in the intelligence community. Both companies expect to complete the acquisition by the third quarter of CSRA’s …

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Aurora Flight Sciences Vet Mark Cherry Joins Boeing as Phantom Works VP; Leanne Caret Comments

Mark Cherry, president and chief operating officer at Manassas, Virginia-based autonomous systems maker Aurora Flight Sciences, has been appointed to succeed Darryl Davis as vice president of Boeing’s (NYSE: BA) Phantom Works technology arm. Davis, who served as head of Phantom Works for a decade, will transition into a program management …

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KBR to Buy Sigma Bravo in Govt Services Expansion Push

KBR (NYSE: KBR) has agreed to purchase Australia-based information and communication technology services provider Sigma Bravo for an undisclosed sum in a move to broaden its government services offerings. Sigma Bravo will become part of KBRwyle and will retain its existing structure to facilitate business continuity, KBR said Monday. Stuart Bradie, …

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