Booz Allen Hamilton Inks $154 Million Purchase of ARINC Unit

Government management and technology consulting firm Booz Allen Hamilton (NYSE: BAH  )   has agreed to acquire the Defense Systems Engineering and Support (DSES) division of Maryland-based communications and engineering firm ARINC, the company announced today.

Booz Allen expects the $154 million cash acquisition  to add enhance capabilities in areas including aviation and maritime engineering, weapons modernization, and C4ISR (command, control, communications, computing, intelligence, surveillance, and reconnaissance). Booz Allen is based in McLean, Va.

The deal needs regulatory approval. If approved, 1,000 ARINC employees will join Booz Allen's work force of 25,000.

"DSES is a good strategic fit that builds on Booz Allen's existing engineering capabilities and defense market position and offers opportunities for us to bring deeper and broader expertise to our clients in areas where we see a number of compelling opportunities," said Booz Allen CEO Ralph W. Shrader in a press release. 

The deal is expected to add to Booz Allen's FY 2014 earnings. The company had revenue of $5.68 billion for the year ending March 31, 2012.

Dan Carroll has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2060057, ~/Articles/ArticleHandler.aspx, 10/21/2014 3:21:25 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement