KBR Completes Acquisition of Wyle

KBR Inc. announced that it has completed its acquisition of Wyle Inc. for an enterprise value of $570 million (after adjustments for approximately $30 million of acquired tax benefits).  Wyle will be rebranded KBRwyle and become a business unit withing KBR's Government Services segment.  The acquisition will expan KBR's government services offerings to include R&D, testing, engineering, logistics, deployed operations, and life-cycle sustainment.  The combined company has approximately 25,800 employees and $2 billion in government services revenue.  KBR expects the deal to be accretive to EPS in the first year.