Sign In
Search
Business/Financial

SI Deal For Most Of QNA Will More Than Double Company’s Size

Cal Biesecker By
SHARE:
SI Deal For Most Of QNA Will More Than Double Company’s Size
QinetiQ's U.S. business' unmanned systems include the TALON tactical robot. Photo: QinetiQ

The SI Organization, a former business unit of defense contractor Lockheed Martin [LMT], said on Tuesday it has agreed to acquire the engineering services business of QinetiQ North America (QNA) in a deal that will more than double the size of the company and significantly expands its customer base, providing it with substantially more business outside of the intelligence community. SI will pay $165 million in cash for QNA’s services business and the deal terms include an earnout provision worth…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Lockheed Martin To Acquire ASW Technology Developer Ultra Maritime For $3.5 Billion

Business/Financial

Honeywell Aerospace Begins Trading On Nasdaq

Business/Financial

Private Equity Firm Arcline Investment To Acquire Avantus Aerospace Group

Business/Financial

MARTAC Partners With Intrepid Powerboats To Build Hundreds Of USVs

Trending

Lockheed Martin To Acquire ASW Technology Developer Ultra Maritime For $3.5 Billion
Defense Watch: E-7 Challenges, T-AGS(X) RFI, Ukraine Biz News, Saronic Testing,
Army Awards $3 Billion Deal To Lockheed For Sentinel A4 Radar Production
Space Force Command Operationally Accepts Satellite Jammer
Duffey: F-47 “At the Cutting Edge of Technology” and Government, Industry Collaboration

Congress Updates

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]

Congress

Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]

Space

Will $4 Billion For SB-AMTI/Space Data Network Backbone In Supplemental Reduce Or Add To Planned Funding For Systems In Reconciliation?

Nearly all of the Department of the Air Force’s fiscal 2027 procurement and research and development (R&D) budget for space-based air moving target indication (SB-AMTI) and the Space Data Network […]

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume