M&A Activity

Guidehouse, a portfolio company of Veritas Capital, announced on Friday that the company has entered into a definitive agreement worth approximately $1.1B to acquire Navigant Consulting. The transaction is projected to conclude in the fourth quarter of 2019.

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Nazzic Keene, CEO of Science Applications International Corp. and a 2019 Wash100 winner, told Defense News in an interview published Thursday that her top priority is continued focus on integrating Engility after SAIC closed the acquisition in January.

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Serco, Inc. announced on Thursday that the $225M acquisition of Alion Science & Technology Corporation’s Naval Systems Business Unit, which includes its Canadian business and a small number of related contract operations. 

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Perspecta announced on Thursday that the company has completed its $250 million acquisition of Knight Point Systems. The acquisition enhances Perspecta's robust and proven offerings in cloud, cyber, digital transformation and enterprise IT that modernize and transform government mission delivery. Baird served as the exclusive financial advisor to Knight Point Systems. 

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Altamira Technologies Corp. announced on Wednesday that the company has been acquired by an investor group led by ClearSky. The terms of the acquisition haven’t been revealed. 

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IBM and AT&T announced a multi-year strategic alliance between the companies on Tuesday. AT&T Communications will use IBM’s expertise to modernize AT&T Business Solutions' internal software applications, enabling migrations to the IBM Cloud through the partnership.

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SOS International (SOSi) announced on Wednesday that the company has acquired the Vykin Corporation, a business specializing in providing communications, intelligence and IT support to the Department of Defense (DoD) and the intelligence community. 

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Raytheon has partnered with NASA’s Neutral Buoyancy Laboratory to develop equipment and procedures for safely recovering astronauts from the Lockheed Martin-built Orion capsule upon its reentry to Earth through an ocean landing.

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The all-stock merger between L3 Technologies and Harris Corp. has been completed to form L3Harris Technologies (LHX), the new company announced on Monday. L3Harris is officially the sixth largest defense company in the United States worth approximately $17 billion in revenue with over 50,000 employees. The company also announced the details regarding its own leadership, the board of directors and organizational structure. 

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NCI Information Systems announced on Monday that the company has formed an exclusive partnership with Holonic Technologies. NCI will harness the power of Holonic’s proprietary CodeIntent solution to further expand the capabilities of NCI’s Shai AI‑as-a-Service (AIaaS) offering.

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Cloudera and IBM announced on Friday that the companies have formed a strategic partnership to develop joint go-to-market programs to bring artificial intelligence solutions and advanced data to more organizations across the expansive Apache Hadoop ecosystem.

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Anthony “Toby” O’Brien, chief financial officer at Raytheon, said the company’s proposed merger with United Technologies Corp. seeks to create a new entity that has its business evenly split between defense and commercial work and between domestic and international areas, Defense One reported Thursday.

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