News & Events

Company Press Release
October 19, 2011

Parsons Corporation to Acquire Sparta, Inc. from Cobham plc

Parsons Corporation today announced that it has entered into a definitive agreement with Cobham plc pursuant to which Parsons, a leading provider of mission-critical technical services to the U.S. government, will acquire Sparta, Inc. (dba Cobham Analytic Solutions) and its subsidiaries, a wholly owned subsidiary of Cobham plc, for $350 million. More

Company Press Release
September 30, 2011

General Dynamics Completes Acquisition of Vangent, Inc.

General Dynamics today completed its acquisition of Vangent Holding Corp., the parent company of Vangent, Inc., a leading provider of healthcare information technology and business systems to federal agencies. The cash transaction, valued at approximately $960 million, was announced on August 16 and is expected to be accretive to General Dynamics’ earnings in 2012. More

Reuters
September 08, 2011

Arms Firms in Strategic Bind Over Cuts

Defense companies set to feel the spending ax under a recent U.S. debt deal are making urgent reviews of their strategic options—under pressure to find ways to secure growth in an overall declining industry. More

Company Press Release
August 16, 2011

General Dynamics to Acquire Vangent, Inc., from Veritas Capital

General Dynamics has entered a definitive agreement to acquire Vangent Holding Corp., the parent company of Vangent, Inc., a leading provider of healthcare information-technology and business systems to federal agencies, in a cash transaction valued at approximately $960 million. More

Company Press Release
July 28, 2011

Kratos Defense & Security Solutions, Inc. Completes Acquisition of Integral Systems

Kratos Defense & Security Solutions, Inc., a leading National Security Solutions provider, today announced the completion of its acquisition of Integral Systems, Inc. Kratos completed the acquisition through a reverse merger of a wholly owned subsidiary with and into Integral Systems. More

Company Press Release
July 26, 2011

Safran completes the acquisition of L-1 Identity Solutions Becomes world leader in biometric identity solutions

After completing all required approval procedures, Safran today announced that it has finalized the acquisition of L-1 Identity Solutions, Inc., a leading identity management solutions provider in the United States, for a total cash amount of $1.09 billion ($12 per share), which was originally announced in the press release on September 20, 2010. Following this transaction, Safran becomes the world leader in biometric identity solutions. More

Company Press Release
July 04, 2011

Completion of Acquisition of Detection Systems Business

Chemring Group PLC announces that it has successfully completed its acquisition of the Detection Systems operations and certain related assets of General Dynamics Armament and Technical Products, a subsidiary of General Dynamics Corporation. More

Company Press Release
May 16, 2011

Kratos Defense & Security Solutions, Inc. to Acquire Integral Systems, Inc.

Kratos Defense & Security Solutions, Inc., a leading National Security Solutions provider, announced today it has entered into a definitive agreement to acquire all of the outstanding stock of Integral Systems, Inc. More