News & Events

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

Reuters
April 20, 2011

UK’s Chemring to buy U.S. military detector maker

British military equipment maker Chemring (CHG.L) is to spend $90 million buying a business that supplies the U.S. military with devices for detecting chemical and biological threats. More

Business Wire
February 15, 2011

BAE Systems Completes Purchase of L-1’s Intelligence Services Group

BAE Systems has completed its acquisition of L-1 Identity Solutions, Inc.’s Intelligence Services Group (ISG), which is comprised of SpecTal, LLC, Advanced Concepts, Inc., and McClendon, LLC, for a purchase price of approximately $297 million. The completed transaction, initially announced in September, will enhance BAE Systems’ ability to effectively meet the growing needs of government intelligence, defense and security customers. More

Reuters
February 14, 2011

Stone Key Drives Defense Technology Dealmaking

In a dealmaking world where big Wall Street investment banks rule, Denis Bovin and Michael Urfirer show that small can be beautiful. More

Lockhead Martin
November 23, 2010

Lockheed Martin Corporation Announces Completion Of Divesture Of Enterprise Integration Group To Veritas Capital

Lockheed Martin Corporation announced that it has completed the divestiture of its Enterprise Integration Group (EIG) business to Veritas Capital for USD815 million in cash. More

Reuters
October 13, 2010

Lockheed selling advisory unit for $815 million

Lockheed Martin Corp is selling a division that advises government agencies on weapons platforms for $815 million, responding to heightened Pentagon worries about potential organizational conflicts of interest. Lockheed decided to sell Enterprise Integration Group to private equity firm Veritas Capital as the Pentagon tightens rules aimed at removing potential conflicts of interest caused when contractors advise the government on weapons systems for which they end up bidding. More