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
In a dealmaking world where big Wall Street investment banks rule, Denis Bovin and Michael Urfirer show that small can be beautiful. More
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
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
FLIR Systems, Inc. announced today that it has successfully completed its previously announced acquisition of ICx Technologies, Inc. for $7.55 per share, representing an aggregate purchase price of $268 million, or an enterprise value of $232 million including ICx’s closing cash balance. More
Safran announced today that it has entered into a definitive agreement with L-1 Identity Solutions, a leading identity management provider in the United States, for Safran to acquire the operating and holding company of L-1 and its biometric and enterprise access solutions, secure credentialing solutions and enrollment services businesses, for a total cash amount of USD 1.09 billion. More
Monster Worldwide, Inc. announced today that it has completed its acquisition of Yahoo! HotJobs, a leading online recruitment website, from Yahoo! for $225 million in cash. More
FLIR Systems, Inc. announced today that it has entered into a definitive merger agreement pursuant to which it has agreed to acquire ICx Technologies, Inc. for an aggregate cash purchase price of approximately $274 million. More
The Boeing Company today completed its acquisition of Argon ST Inc. Argon ST, based in Fairfax, Va., develops C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) and combat systems. More