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is driving contractors to pursue mergers so they have more scale to bid on bigger projects, spanning everything from outdated computer systems to space exploration.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.
18 août 2024 | International, Aérospatial
HENSOLDT has received a further order for the delivery of "Dynahawk" fire control sights (FLV). The customer is the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw).
22 août 2018 | International, C4ISR
Computers on the battlefield take a beating. Beyond the everyday wear and tear, they also must endure extreme temperatures and often violent vibrations. To help ensure its systems give soldiers and commanders the information they need, the Army relies on its Mounted Family of Computer Systems program. Known as MfoCS, pronounced em-fox, the program covers detachable tablets to fully-loaded, vehicle-mounted workstations. C4ISRNET spoke recently with Bill Guyan, vice president of business development for Leonardo DRS, about advances in battlefield computing. C4ISRNET: We hear a lot about a new emphasis on the hardening of security of contractors. And not just contractors, but primes, and then their contractors. Obviously this has become a point of concern for DOD leadership. Bill Guyan: One of the big areas of emphasis for the Army in the procurement of the [Mounted Family of Computer Systems] (MFoCS) and particularly MFoC2 II, were areas related to security, both from a cyber security standpoint and the ability to assure that the system was free from malware or any external threat. So there's a very comprehensive supply chain risk management strategy put in place and for this program we believe that this is the most secure edge computing system that the Army's ever purchased. It's absolutely critical that it be so, since ultimately there will be somewhere between a 100,000 and 125,000 of these systems fielded across the Army and Marine Corps, at the edge of the battlefield with each one of these systems serving as potential on ramp to the network and in an area of situational awareness that is absolutely mission critical. There was a time when we derived quick benefit from having an advantage and a capability that our opponents didn't. And over time the capability has evolved from a nice to have capability to a mission critical capability that we'd be hard pressed to fight without. C4ISRNET: The Army has put a lot of emphasis on size, weight and power. Can you explain how that manifests itself on the battlefield? Guyan: We optimize size, weight and power in two ways. At the hardware level we optimize by staying at the leading edge of available technologies, available commercial technologies and rapidly adapting and adopting them for employment in this mission critical extreme environment. The computers and displays are the soldiers' path to the network. It has to work at -40 centigrade and it has to work at 80 degrees centigrade. It has to work in extreme vibration and it has to work in contested EMI environments. It has to work all the time. For example, we led the charge in the adoption and fielding of solid state hard drives versus rotating media, which allowed us to not only improve the resiliency of the system, but also to reduce size, because we no longer have to isolate the rotating hard drive from the shock and vibration. We also migrated from the old backlight technology to an LED backlight, which is much more reliable, particularly in shock vibration at temperature extremes. But it also requires far less power. The other thing that we've been able to do is rapidly adapt the latest processor technologies when they're available. Of course, processors continue to get faster, smaller, and use less power. We're able to make sure that every generation of system can deliver more computing capability for less power, and less power means less heat. Full article: https://www.c4isrnet.com/show-reporter/technet-augusta/2018/08/21/what-reduced-size-weight-and-power-mean-on-the-battlefield/
14 avril 2022 | International, Naval
Flexibility of cutting-edge facility leaves company poised for growth, leaders say