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Tag Archives: M&A Activity

FLIR Systems Buys UAS Maker Aeryon Labs for $200M; James Cannon Quoted

FLIR Systems (Nasdaq: FLIR) has acquired Waterloo, Canada-based unmanned aerial systems developer Aeryon Labs for approximately $200M in a move to expand UAS offerings for military customers. Aeryon will operate under the unmanned systems and integrated solutions division of FLIR’s government and defense business, the Wilsonville, Ore.-based sensor manufacturer said Monday. James Cannon, …

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Arlington Capital Partners to Acquire Triumph Group’s Fabrications Business

Washington, D.C.-based private equity firm Arlington Capital Partners has agreed to acquire the fabrications business of Triumph Group (NYSE: TGI) for an undisclosed sum. Triumph Fabrications is composed of four independent firms with operations in San Diego; Phoenix; Shelbyville, Ind.; Hot Springs, Ark.; and Fort Worth, Texas, Triumph Group said Monday. …

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PwC: Aerospace, Defense Sector Recorded $57.8B in 2018 M&A Deal Value

A new PwC report says the value of mergers and acquisitions in the aerospace and defense sector worldwide reached $57.8B in 2018, reflecting a 19 percent drop from the previous year. Despite the decline, PwC said the deal value in 2018 was 83 percent higher than the 10-year average and the third largest in …

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John Hynes Named Applied Insight CEO; Gavin Long Quoted

John Hynes, a more than 28-year GovCon industry veteran, has joined Ashburn, Va.-based technology services contractor Applied Insight as CEO. He succeeds Gavin Long, who will chair the AI board, the company said Thursday. AI is one of the two companies that investment firm The Acacia Group formed in 2018 following its …

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Tony Moraco: Engility Buy Doubles SAIC’s Business in Intelligence, Space Sectors

Tony Moraco, CEO of Science Applications International Corp. (NYSE: SAIC), told Breaking Defense in an interview published Wednesday that the merger with Engility allowed SAIC to double its intelligence business. He said the transaction enabled SAIC to broaden its reach to a wider range of agencies within the intelligence community, …

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VT Group Acquires NTA to Grow C4ISR, Sustainment Offerings; John Hassoun Quoted

Chantilly, Va.-based technology integrator VT Group has purchased National Technologies Associates for an undisclosed sum in a move to expand its portfolio of sustainment services and command, control, communications, computers, intelligence, surveillance and reconnaissance platforms for defense clients. “NTA shares the VT Group passion for engineering excellence and our commitment …

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Huntington Ingalls to Buy Fulcrum in Gov’t IT Services Market Push; Andy Green Quoted

Huntington Ingalls Industries (NYSE: HII) has agreed to acquire Fulcrum IT Services for an undisclosed sum in a move to grow predictive threat analytics and situational awareness offerings for the government sector. The deal is expected to be completed in February and would add cybersecurity, software development, big data, special operations and engineering …

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Wells Fargo Securities: IBM to Release 2018 Q4 Results, Initial 2019 Guidance

A Wells Fargo Securities report says IBM (NYSE: IBM) is scheduled to release on Tuesday its fourth-quarter results for 2018 and initial guidance for 2019. According to the report released Friday, shareholders of Red Hat (NYSE: RHT) approved a deal for IBM to acquire the Raleigh, N.C.-based software company for approximately …

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Culmen Buys Centrifuge in Analytics, Big Data Portfolio Expansion Push; Dan Berkon Quoted

Culmen International has purchased Tysons Corner, Va.-based Centrifuge Systems for an undisclosed sum in an effort to expand its big data intelligence and analytics offerings. Culmen said Tuesday the combined firm will run under the brand Culmen International and the Centrifuge team will be integrated with its technology solutions division …

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SAIC Closes $2.5B Engility Buy; Tony Moraco Quoted

Science Applications International Corp. (NYSE: SAIC) completed its $2.5B acquisition of Engility days after shareholders at both companies approved the merger deal at their respective meetings. SAIC said Monday the combined firm will continue to operate in Reston, Va., under the corporate name SAIC and leadership of CEO Tony Moraco. Moraco …

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