L-3 locks up purchase of Airborne Technologies

L-3 Communications Corp. has acquired Airborne Technologies Inc., which specializes in aeronautical engineering services for unmanned aircraft systems. Terms of the transaction were not disclosed.

Wyle's purchase of CAS will expand DOD customer base

Wyle Inc. has entered into a definitive agreement to acquire CAS Inc., a division of ITT Corp., creating a combined entity that will have pro forma 2009 revenues of approximately $1 billion.

Vangent makes $65M deal for health care firm

Acquisition of Buccaneer Computer Systems and Service broadens Vangent's infrastructure and data analytics capabilities.

Contractors prepare to face headwinds

Columnist John Hagan examines quarterly reports to explain how companies are preparing for challenging times in the government market.

Boeing wraps up Argon ST purchase

Boeing Co. has completed its $775 million acquisition of Argon ST Inc., a Fairfax, Va., developer of Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance systems as well as combat systems.

Los Angeles tech firm buys McNeil Technologies

Aecom Technology Corp., a Los Angeles-based provider of professional technical and management support services for government and commercial clients, is acquiring McNeil Technologies Inc. from private equity firm Veritas Capital.

CGI nears completion of Stanley purchase

CGI Fairfax Corp. has once again extended its cash tender offer to purchase all outstanding shares of common stock of Stanley Inc. for $37.50 per share.

Are you brave enough to ignore Wall Street?

In an effort to accelerate growth in the future, some companies in the IT and professional services market are increasing their investments in this difficult period at the expense of earnings, writes Bill Loomis of Stifel Nicolaus.

Spinoff takes on business intelligence market

Qlarion comes out of divestiture with a focus on the federal business intelligence and analytics market.

SAIC scoops up airport security company

Acquisition brings SAIC more technology to automatically screen luggage for explosives.

DRC sells components unit to concentrate on fed sector

Dynamics Research Corp. has sold its Metrigraphics Division to private equity firms Clarkston Merchant Partners LLC and New England Capital Partners. Financial terms of the transaction, which took effect July 19, were not reported.

SAP again extends $5.8B tender offer for Sybase

SAP AG, through its indirectly wholly owned subsidiary Sheffield Acquisition Corp., has again extended the expiration of its cash tender offer for all outstanding shares of common stock of Sybase Inc. because certain conditions to the offer are not yet satisfied.

SRA acquisition bolsters energy offerings

SRA International Inc. has acquired Sentech Inc., an energy management consulting company with expertise in renewable energy, distributed generation, energy efficiency and advanced transportation technologies.

Former Telos exec buys Navy contractor

Dave Aldrich leads a group of investors in an acquisition of Research and Engineering Development Inc., a Navy contractor.

SAS’ second recent acquisition builds intelligence sector

SAS has made its second major purchase within two months with the completion of its acquisition of Vision Systems & Technology Inc., a provider of analytic intelligence solutions to the U.S. intelligence community. Financial details were not released.

MCR buys Alion's Navy research business

MCR LLC has acquired a portion of Alion Science and Technology Corp.’s business that provides expert program management and technical services to the Office of Naval Research. Financial terms of the deal were not disclosed.

Defense giants get ready for tough times

The age of portfolio shaping has begun as Northrop Grumman, Lockheed Martin and Boeing all make moves to protect their business and focus on growth markets.

CGI again extends tender offer to buy Stanley

CGI Fairfax Corp. has again extended its cash tender offer to purchase all outstanding shares of common stock of Stanley Inc. for $37.50 per share in cash. The purchase price is expected to be approximately $1 billion.

Boeing snaps up Narus

Boeing continued its expansion into the cybersecurity realm this week with the acquisition of Narus Inc., a provider of real-time network traffic and analytics software.

Cerberus Capital wraps up DynCorp acquisition

Cerberus Capital Management LP affiliates has completed its acquisition of DynCorp International Inc. for approximately $1.5 billion. DynCorp International becomes a wholly owned subsidiary of Cerberus.