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Tag Archives: M&A Activity

Motorola Solutions Closes Airbus DS Communications Business Purchase

Motorola Solutions (NYSE: MSI) has wrapped up the purchase of the Airbus DS Communications business from Airbus Group‘s defense and space segment. Chicago-based Motorola said Wednesday it made the acquisition to expand its portfolio of command center and software enterprise platforms. Airbus DS Communications offers the VESTA emergency call-handling software designed to support text-to-911 …

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The Acacia Group Splits Intelligent Decisions Into 2 Independent Companies

Investment firm The Acacia Group has acquired Intelligent Decisions and split the Ashburn, Virginia-based federal information technology contractor into two independent companies as part of its strategy to seek growth opportunities in the federal market. One of the two companies – ID Technologies – will focus on products and combine …

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Glen Post to Retire as CenturyLink CEO in May

Glen Post, CEO of CenturyLink (NYSE: CTL) over the past 26 years, will retire from his position in May and be succeeded by Chief Operating Officer and President Jeff Storey. Post originally planned to retire on Jan. 1, 2019 but he decided to move his retirement earlier and make it effective on …

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Ultra Electronics, Sparton Call Off Merger

Schaumburg, Illinois-based military electronics manufacturer Sparton (NYSE: SPA) and U.K.-based defense contractor Ultra Electronics have decided to abandon their $234 million merger agreement because of antitrust concerns from the Justice Department. Sparton said Monday it plans to resume negotiations with parties that previously showed interest in an acquisition deal and can immediately execute …

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By Light Makes Intell Community Expansion Push Through Axom Merger

By Light Professional IT Services has agreed to merge with internal service provider Axom Technologies in a push to expand the delivery of information technology services to intelligence and defense communities. “Our merger with Axom represents a significant milestone in the achievement of our vision to strengthen our services offerings, …

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Eric DeMarco: Kratos Eyes Defense Business Focus With Public Safety & Security Divestiture

Kratos Defense and Security Solutions (Nasdaq: KTOS) has agreed to sell its public safety and security system integration business to Securitas Electronic Security for approximately $69 million in cash. Eric DeMarco, Kratos president and CEO, said in a statement published Wednesday the divestiture concludes the execution of the company’s strategy to transition …

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David Young: Level 3 Purchase Equips CenturyLink to Further Serve Federal Clients

David Young, regional vice president of strategic government at CenturyLink (NYSE: CTL), has said he believes the company’s purchase of Level 3 Communications provides CenturyLink an opportunity to provide integrated technology offerings for federal clients and manage current and new government contracts, FierceTelecom reported Tuesday. CenturyLink closed its $34 billion acquisition of Level 3 in …

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KBR to Buy Stinger Ghaffarian Technologies in Govt Service Expansion Push

KBR (NYSE: KBR) has agreed to acquire Greenbelt, Maryland-based government technology services contractor Stinger Ghaffarian Technologies for an undisclosed sum in a move to expand its high-tech professional service offerings for NASA and other federal agencies. “SGT is a great company with very talented people and is the right fit …

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Patriot Defense Adds to Military Services Portfolio With Innovative Logistics Buy

Orlando, Florida-based Patriot Defense Group has acquired Innovative Logistics for an undisclosed sum to bolster mission critical service offerings for military clients. Innovative Logistics offers expeditionary services to the U.S. Special Operations Command and serves as a third-party provider of logistics support to conflict zones, hostile environments or frontier economies …

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Jason Aiken: General Dynamics Seeks to Compete in ‘Consolidating’ Govt IT Services Market

Jason Aiken, CFO of General Dynamics (NYSE: GD), has said the acquisition of CSRA (NYSE: CSRA) will help the Falls Church, Virginia-based aerospace and defense contractor compete in the government IT services market, Inside Defense reported Wednesday. “In a consolidating market, our thesis is that you either have to consolidate or get consolidated …

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