EDO closes intel deal

EDO Corp. has doubled its intelligence business with the acquisition of Impact Science and Technology Inc.

The company, which had 2006 revenue of $63 million, provides signals intelligence systems and analysis support to intelligence agencies and advanced countermeasures and electronic-attack systems to the Defense Department and other agencies, EDO officials said. The company has about 200 employees.

EDO of New York is paying $124 million for IST of Nashua, N.H., but the net value of the deal is $113 million, when IST's cash balance is included.

"The acquisition of IST doubles the scope of our business with the intelligence community and adds important new technologies," said EDO CEO James Smith. "These include advanced radar countermeasures, electronic attack and electronic intelligence systems, software products, and systems engineering and analysis services."

The acquisition is EDO's third in the intelligence arena since mid 2005, the company said.

EDO employs 4,200 and had revenues of $648
million in 2005. The company is ranked No. 45 on Washington Technology's 2006 Top 100 list of the largest government IT contractors.

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

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

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

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.