Huntington Ingalls Industries (HII) has signed an agreement to acquire defense services company Alion Science and Technology for a cash consideration of $1.65bn from Veritas Capital. The acquisition will create more than $2.6bn in revenue products and solutions business. It will also expand capabilities, offer access to crucial contracts, cyber and data analytics, and electronic […]
Harris Corp. and L3 Technologies Inc. said Sunday they will combine in the largest-ever defense industry merger, as the Pentagon expands budgets with an eye toward increased investment by contractors and quicker weapons development. The two contractors agreed to a merger that will form one of the industry’s largest players, a $33.5 billion behemoth to challenge weapons makers such […]
Mission Essential announced the acquisition of Information Management Technology Corporation (IMT), a rapidly growing system integrator and software engineering firm, and the foremost experts in the dissemination of time-critical intelligence to the warfighter. “The acquisition of IMT is a key component of our long-term growth and diversification strategy,” said Mission Essential Chairman Greg Miller, further […]
PHILADELPHIA, PA — Day & Zimmermann (D&Z) today announced that it has become the sole owner of SOC LLC (SOC) a leading provider of security, logistics and life support services to the U.S. Government domestically and abroad. D&Z also announced the appointment of Steve Selfridge, an executive with more than 30 years of leadership experience in […]
MCLEAN, VA., — On September 27, 2013 Exelis completed its spin off of part of its Information and Technical Services segment, formerly known as Exelis Mission Systems, into an independent public company, named Vectrus. The record date for the transaction was September 18, 2014 and the distribution date for shares of Vectrus was September 27, 2018. Exelis retains a portfolio […]