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
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
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
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
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
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
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
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