11 septembre 2018 | International, C4ISR
WASHINGTON (Reuters) - Science Applications International Corp (SAIC) (SAIC.N) said on Monday it will acquire Engility Holdings Inc (EGL.N) for $1.5 billion in stock, a deal that will turn it into the second-largest independent U.S. government services contractor.
The acquisition is the latest example of how increased defense spending under President Donald Trump and the Republican-led Congress is driving contractors to pursue mergers so they have more scale to bid on bigger projects, spanning everything from outdated computer systems to space exploration.
Engility shareholders will receive $40.44 in SAIC stock for each of their shares, an 11.5 percent premium to Engility's closing price of $36.24 on Friday, the companies said. SAIC will assume $900 million in Engility debt, giving the deal a total value of about $2.5 billion.
On completion of the deal early next year, SAIC's board will expand to 11 seats from nine, and SAIC shareholders will own about 72 percent of the combined company.
Engility, based in Chantilly, Virginia, provides skilled personnel to the U.S. departments of defense, homeland security and justice, among others. The acquisition will boost SAIC's offerings to its space customers and expand its customer base in the intelligence community, SAIC Chief Executive Tony Moraco said in an interview.
The increased U.S. defense budget and a two-year budget deal reached earlier this year that lifted caps on defense spending also emboldened SAIC to pursue the deal, Moraco added.
28 septembre 2023 | International, C4ISR
The surveillance towers will be comprised of multiple subsystems that allow U.S. Border Patrol Agents to continuously detect, identify, classify, and track items of interest along the nation's borders.
15 février 2020 | International, Aérospatial, C4ISR, Sécurité
Rio de Janeiro, February 12, 2020 - Leonardo, the Italian-headquartered aerospace and security multinational, through its subsidiary Leonardo International, which was set up to support the Company's operations around the world, and Codemar, Companhia de Desenvolvimento de Maricá, have announced the creation of a joint venture named Leonardo&Codemar S.A., with 49% share of Codemar and 51% of Leonardo, established under Brazilian law. The joint venture's objective is to become the flagship in the development and delivery of projects for urban security and resilience as well as new infrastructure and helicopter-based services that will boost the expertise of Brazilian industry. Through the implementation of a range of innovative and challenging projects, Maricá will become a “living lab” for the most exciting and promising technological applications contributing to the safety and quality of citizens' life, and the sustainable development within the area. As of today, Leonardo&Codemar will setup joint project teams that, thanks to Leonardo broad product portfolio and advanced technological capabilities and Codemar knowledge of local requirements, aims to progressively become the partner of the Maricá Municipality and the natural recipient of request for projects and services within its business perimeter. The status of the preferred partner to the Municipality of Maricá will give Leonardo&Codemar access to similar projects as they arise throughout the Latin America region. “We are thrilled about the new development of Leonardo's presence in Brazil, showing how an open minded and fair dialogue between such different organisations can shape unexplored and promising mutual opportunities”, said Leonardo's CEO, Alessandro Profumo. He added, “The new joint venture will focus on delivering systems and services for the security, resilience and protection of populations and territories and will prove how space, cyber and digital, aeronautical, and unmanned technologies can contribute to development”. Leonardo and Codemar are joining up financial and technological resources with the intent of leveraging the best of both companies' experience and know-how to provide innovative products and services to the Municipality of Maricá. Thanks to its strategic location, Maricá is set to become a primary logistic base for Oil & Gas operations throughout the Country, with a huge potential for related businesses (i.e. financial, high tech and services) requiring the best and most reliable networked infrastructures. Similarly, a substantial tourist and residential development, facilitated by the proximity to Rio de Janeiro, will be pursued while respecting the City's spectacular and intact territory. About Leonardo: Leonardo, among the top ten world players in Aerospace, Defence and Security, is Italy's main high-technology industrial company. Organised into five business divisions (Helicopters; Aircraft; Aerostructures; Electronics; Cyber Security) Leonardo has a significant manufacturing presence in Italy, the United Kingdom, Poland and the USA, where it also operates through subsidiaries such as Leonardo DRS (electronics), and joint ventures and partnerships: Telespazio, Thales Alenia Space and Avio (space); ATR (regional aircraft); and Elettronica and MBDA (electronics and defence systems). Listed on the Milan Stock Exchange (LDO), in 2018 Leonardo recorded consolidated revenues of €12.2 billion and invested €1.4 billion in Research and Development. The Group has been part of the Dow Jones Sustainability Index (DJSI) since 2010 and became Industry leader of the Aerospace & Defence sector in 2019. About Codemar: Codemar, Companhia de Desenvolvimento de Maricá, manages public goods and areas, encourages the promotion, socio-economic development and the surroundings of the Municipality of Maricá, in collaboration with the municipality, public bodies and the corporate sector, thanks to a progressive expansion of investments. It also contributes to the definition of public policies for economic development in the city of Maricá. View source version on Leonardo: https://www.leonardocompany.com/en/press-release-detail/-/detail/12-02-2020-introducing-leonardo-codemar-s-a-a-new-joint-venture-focused-on-security-and-resilience-infrastructure-management-and-helicopter-based-serv
3 mars 2021 | International, C4ISR, Sécurité
The B-21 Training Systems Innovation Challenge Deadline: WEDNESDAY 3 March 2021 The U.S. Air Force Global Strike Command and Rapid Capabilities Office have launched an innovation challenge on Vulcan focused on the B-21 Raider Training Systems. The results of the challenge will inform USAF decisions on the adoption of innovative solutions that enhance training systems for pilots and maintainers. The challenge is the continuation of a user-centered innovation effort spurred by a multidisciplinary USAF team (incl. end users) and—depending on merit and viability —provides the opportunity to: Engage with a state-of-the-art program and receive direct operator feedback. Be selected for a funded prototype demonstration Be considered for other potential development and/or integration activities beyond initial demonstration. Don't delay your engagement with this challenge. You can continue editing your submission all the way until the deadline next Wednesday 3 March 2021. Submit your innovations in Vulcan U.S. Army Cyber PAI Tools, Analytics, and Visualization Assessment Event (AE) Deadline: TUESDAY 2 March 2021 The U.S. Army Cyber Command (ARCYBER) Technical Warfare Center (TWC), is in search of industry expertise, software integration, analytic development, and data visualization capabilities to allow real-time, near real-time, and historical analysis of publicly available information (PAI). This call is interested in technologies that provide some or all of the following capabilities: Data Acquisition and Storage Data Structuring, Preparation, and Integration Data Analytics Data Visualization Submit your relevant capabilities to ARCYBER Cyber Fusion Innovation Center (CFIC) HERE by next Tuesday 2 March 2021. Review the instructions and be proactive in your submission process in order to increase the effectiveness of your engagement. IT TAKES A NETWORK!