BAE climbs IT ladder with DigitalNet purchase

The Washington Technology Top 100 list of federal prime IT contractors may have a new name in the Top 10 in 2005.

BAE Systems North America Inc., the No. 12 company on the Top 100 in 2004, is buying DigitalNet Holdings Inc., Herndon, Va., for about $600 million, including DigitalNet's $93.25 million debt, executives from both companies said Sept. 11. DigitalNet was ranked No. 34.

Combined, the two companies showed $1.11 billion in federal prime contract revenue for fiscal 2003. The DigitalNet acquisition could put BAE into the top 10 on the Top 100 list.

BAE Systems North America in Rockville, Md., is a wholly owned subsidiary of BAE Systems plc of Hampshire, United Kingdom.


Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
contracts DB
SEARCH

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More