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BAE Systems Completes Purchase of L-1’s Intelligence Services Group

Dépèche transmise le 15 février 2011 par Business Wire

BAE Systems Completes Purchase of L-1’s Intelligence Services Group

BAE Systems Completes Purchase of L-1’s Intelligence Services Group

ARLINGTON, Va.--(BUSINESS WIRE)--BAE Systems has completed its acquisition of L-1 Identity Solutions, Inc.’s Intelligence Services Group (ISG), which is comprised of SpecTal, LLC, Advanced Concepts, Inc., and McClendon, LLC, for a purchase price of approximately $297 million. The completed transaction, initially announced in September, will enhance BAE Systems’ ability to effectively meet the growing needs of government intelligence, defense and security customers.

“This acquisition is all about building our capabilities to better meet the dynamic and changing security and intelligence needs of our U.S. government customers”

ISG employs more than 1,000 people, who are highly regarded suppliers to the U.S. intelligence and defense community and its operations will now become an integral, complementary part of BAE Systems, Inc.’s growing Intelligence & Security sector.

“This acquisition is all about building our capabilities to better meet the dynamic and changing security and intelligence needs of our U.S. government customers,” said John Gannon, president of the BAE Systems, Inc. Intelligence & Security sector. “Our business focuses on four key customer missions – intelligence and counterintelligence, homeland security, law enforcement and support to military operations, and our newest employees from ISG represent a tremendous asset as we continue to deliver premier services to our customers.”

The ISG acquisition is also consistent with BAE Systems’ strategy to grow its services business in cyber and intelligence.

About BAE Systems

BAE Systems is a global defense and security company with approximately 100,000 employees worldwide. The Company delivers a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and support services.

Business Wire

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