Lockheed Martin Corp. has entered into a definitive agreement to buy remote sensing systems maker Coherent Technologies Inc. for an undisclosed amount.
Experts hailed Science Applications International Corp.'s plan to conduct an initial public offering and predicted the move will position the company for future acquisitions.
Systems integrators should gear up for a busy 2006 as the federal government makes plans for major contracts from the Defense, Justice, Homeland Security and Veteran Affairs departments, as well as the General Services Administration
Small businesses reaped a record $69.2 billion in federal prime contracts in fiscal 2004, up nearly 6 percent from the previous high, according to the Small Business Administration.
Defense contractor Radiance Technologies Inc. has acquired Open Source Publishing Inc., a provider of open source intelligence support services, said Radiance officials.
The private equity firm Veritas Capital has made another move into the government IT market by picking up beleaguered Top 100 company MZM Inc. for an undisclosed amount.
Lockheed Martin Corp.'s U.K. subsidiary plans to buy Insys Group Ltd., a British supplier of military communications and weapon systems and advanced analysis services.
How does a company with revenue of less than $1 million per year acquire a company with revenue reaching nearly $430 million a year? The small company has something the big company wants.
In late June, the U.S. Court of Appeals for the Federal Circuit reversed and remanded a lower-court decision dismissing a case challenging the constitutionality of the Defense Department's price evaluation adjustment program for small disadvantaged businesses (SDB).
