MCLEAN, Va., Oct. 16 (UPI) -- Booz Allen Hamilton Holding Corp. has announced a definitive agreement to acquire the Defense Systems Engineering & Support division of ARINC.
The price: $154 million in cash at the time of closing.
"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 Ralph W. Shrader, Booz Allen's chairman, chief executive officer, and president.
"DSES has outstanding people, strong client relationships, and a focus on client mission that mirrors Booz Allen's values."
ARINC's Defense Systems Engineering & Support division has expertise in areas such as aviation and maritime engineering, advanced weapons modernization and sustainment, and advanced systems engineering and integration. It is also well-positioned in the growing command, control, communications, computing, intelligence, surveillance, and reconnaissance and engineering services/prototyping segments of the defense market, Booz Allen said.
About 1,000 ARINC employees are expected to join Booz Allen as a result of the acquisition, which is expected to close later this year.
Booz Allen Hamilton Holdings is the parent company of Booz Allen Hamilton.
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