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FSA buys ATS for $124 million

NEW YORK, April 20 (UPI) -- New York's Federal Services Acquisition Corp. said Thursday it was paying $124 million to buy privately owned Advanced Technology Systems Inc.

The cash-and-stock deal for the McLean, Va., company, which is a big government contractor, is set to close around summer.

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Federal Services Vice Chairman Edward H. Bersoff will become chief executive of Federal Services and ATS once the deal is completed.

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