CACI International Inc. will acquire all outstanding stock of Acton Burnell Inc., a privately held information technology company with fiscal 2002 revenue of $28.4 million. Terms of the transaction were not disclosed.
L-3 Communications Holdings Inc. acquired Technology, Management and Analysis Corp. of McLean, Va., for approximately $50 million in cash, plus consideration of up to $7 million.
Stanley Associates Inc. strengthened its position in the federal market with its acquisition of CCI Inc., a technical and management services company whose customers include the Naval Air Systems Command, NASA and the Coast Guard. The company also won a five-year contract to provide a information technology services to the State Department's Bureau of Consular Affairs. The value of the award was not disclosed. Stanley and CCI, both privately held companies, did not disclose terms of the acquisition. CCI has become a wholly owned subsidiary of Stanley Associates, Alexandria, Va. Stanley Associates has approximately 1,000 employees and had revenue of $109 million in fiscal 2002, according to Bernie Tylor, spokesman for Stanley.
L-3 Communications Holdings Inc. will buy Wescam Inc., a Canadian provider of wireless visual information systems for the military, for about $118 million. The deal should close by the end of 2002.
Integrated Defense Technologies Inc. of Huntsville, Ala., announced Sept. 13 that it will buy BAE Systems Advanced Systems operation in Gaithersburg, Md. IDT will pay the Farnborough, U.K., company $146 million in cash.
Stanley Associates Inc. strengthened its position in the federal market with its acquisition of CCC Inc., a technical and management services company whose customers include the Naval Air Systems Command, the U.S. Agency for International Development, NASA and the Coast Guard.
Raytheon Co., Lexington, Mass., has reorganized its government and defense businesses into seven separate units, the company announced. "This new, leaner government and defense structure ... eliminates layers and cost and will enable us to move with greater speed and agility," said Daniel Burnham, chairman and chief executive officer of Raytheon.
Computer Sciences Corp. has won a four-year, $157 million extension to continue providing a variety of information technology services to the Australian Federal Government.
The federal government has increased its reliance on small, disadvantaged businesses for information technology goods and services during the past four years, according to Input Inc.
By purchasing Signal Corp., Veridian Corp. will expand its presence in the defense and command, control, communications, computers, intelligence, surveillance and reconnaissance community. It also will give itself "access to new markets in key civilian agencies, which we believe will become increasingly important as homeland security unfolds," said David Langstaff, president and CEO of Veridian.
General Dynamics Corp. has acquired Command System Inc., a provider of command and control hardware and software to the U.S. and international military markets.
Unisys Corp. will receive $244 million over the next 13 1/2 months for a wide range of outsourcing and infrastructure services under two task orders awarded last week by the Transportation Security Administration.
Science Applications International Corp.'s Global Telecommunications Group has acquired selected assets of Fusive.com Corp., SAIC announced Aug. 19. Terms of the deal were not disclosed. "The acquisition of these assets from Fusive complements our current contact center and customer relationship management expertise and enhances our customer care practice," said Bob Young, SAIC senior vice president and manager of the Global Telecommunications Group.
Computer Sciences Corp. confirmed Aug. 16 published reports that it has asked its 66,000 employees to volunteer to take extended leaves of absence ? at least six months ? and receive 20 percent of their pay. The El Segundo, Calif.-based company said it decided to pursue this measure because the global information technology market has been suffering from a slowdown, according to company spokesman Frank Pollare, not because of any specific incident or concern.
Affiliated Computer Services Inc. reported an increase of 71 percent in net income for fiscal 2002, which ended June 30. Net income for fiscal 2002 was $229.6 million compared to $134.3 million for fiscal 2001.
