Raytheon Company announced that it has acquired Foreground Security, a cybersecurity-focused firm that provides security operations centers (SOC's), managed security service solutions, and cybersecurity professional services. Foreground's solutions include its Virtual Security Operations Center (V-SOC) and Automated Threat Intelligence Platform (ATIP) which offer advanced cyber monitoring, threat hunting, and professional services capabilities. The business has approximately 165 employees, 85 percent of whom are trained as cybersecurity experts, and will be renamed Raytheon Foreground Security (RFS).
According to the company's press release, "[RFS] accelerates Raytheon's expansion into managed security services across federal, international and commercial markets."
Deal terms were not disclosed.
LGS Innovations (LGS), a portfolio company of CI Capital Partners, announced that it has acquired Axios, Inc., a provider of communications and signal processing solutions and mission support services for the Department of Defense and Intelligence Community. Founded in 2000, Axios supports its clients through RF communications and signal process, mission operations, frameworks and open source technology, software defined radio, tactical programs, and other solutions areas. More than half of the company's 120+ employees hold advanced degrees in electrical engineering, computer engineering, and computer science. The business will continue as a wholly-owned subsidiary of LGS.
According to the company's press release, "The acquisition of the Dulles, VA-based provider of leading-edge processing solutions and products complements LGS’ intelligence, surveillance, and reconnaissance (ISR) technologies with the addition of mission-attached services and application development capabilities."
Axios is the first acquisition by LGS since it was itself acquired from Alcatel-Lucent by Madison Dearborn Partners and CoVant in 2014.
Deal terms were not disclosed. Houlihan Lokey advised Axios on the transaction.
CAE announced that it has closed the acquisition of Bombardier's Military Aviation Training Unit for C$19.8M. The acquired business includes approximately 200 employees supporting the NATO Flying Training in Canada (NFTC) program. According to the company's press release, "This acquisition significantly strengthens CAE's core capabilities as a training systems integrator (TSI) globally, and further expands its offering into support for live flying training of future military pilots, including next-generation fighter pilots, for the Royal Canadian Air Force and its allies."
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