DCS acquires research and development firm
Gettyimages.com / Erik Von Weber
By
Ross Wilkers
DCS is using this transaction to grow a portfolio of applied R&D and tech transition efforts at the Air Force, plus other agencies involved in aviation and space.
DCS Corp. has acquired a provider of research, development and engineering services as part of a push to expand across air and space missions.
Arctos Technology Solutions opened for business in 1961 and touts its core focus areas as including structures and materials, propulsion and flight technologies, sensors and electronics, and launch and flight safety.
Through this transaction announced Thursday, DCS is looking to grow a portfolio of applied R&D and technology transition efforts in areas such as hypersonics and advanced manufacturing. Financial terms of the agreement were not disclosed.
Both companies tout the Air Force Research Laboratory as a mutual customer and having a greater combined footprint in the Dayton, Ohio region where AFRL is.
DCS now has 350 people working in support of AFRL, the Air Force Life Cycle Management Center and other key customers at the Wright-Patterson Air Force Base. DCS is an employee-owned company with 2,000 staffers altogether.
KippsDeSanto & Co. worked as financial adviser to ARCTOS in the transaction and Holland & Knight LLP was legal adviser.
Arctos has recorded approximately $22.8 million in unclassified prime contract revenue over the trailing 12 months, according to USASpending.gov data. Air Force work represents almost all of that spend at 97% with the rest from the Federal Aviation Administration and NASA.
DCS’ unclassified prime sales have totaled $245.5 million over the past 12 months with the Army representing 69%. The Air Force is next at 22%, followed by the Navy at 9%.