Small defense firm closes first deal

Even small players want in on the mergers and acquisition market.

McKean Defense Group LLC, a Philadelphia-based naval engineering and IT company, today announced the acquisition of Lloyd Lamont Design Inc., a Falls Church, Va., IT company.

McKean has about 35 employees and $5 million in annual revenue, and LLD has about 25 employees. Terms of the deal were not disclosed. It is McKean's first acquisition.

The acquisition moves McKean into more defense and civilian markets and expands capabilities in areas such as naval engineering and design, acquisition and logistics, systems safety, machinery controls engineering, IT solutions and knowledge-based applications, the company said.

McKean's customers include the Naval Sea Systems Command, the Naval Air Systems Command, the Marine Corps and the Space and Naval Warfare Systems Command.

LLD will become part of McKean's IT division.

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

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.

Trending

contracts DB