30 Dec 14. New Year’s Cheer from Dytecna. Tony Tortise, of Dytecna told BATTLESPACE that, “The Dytecna Group finished the year strongly with the receipt, on Christmas Eve, of confirmation of a £1.8m order won by its Fareham based Training and Simulation team. This was a great end to the changing year during which the new management and shareholders have reduced overheads considerably, restructured the management and operations of the company and are now driving ahead with increased sales, a healthy order book for 2015 and the pipeline even better. Dytecna Ltd has a strong recovery plan in place, and goes from strength to strength. Its Training and Simulation division based at Fareham has a full order book and will shortly deliver the second part of its ongoing A400M MOD contract. Malvern and Welshpool also have strong order books and pipeline which will deliver steady growth throughout 2015 along with key non-defence industry expansion opportunities created by the new shareholders.”
31 Dec 14. NCI, Inc. (NCIT), a leading provider of information technology (IT) and professional services and solutions to U.S. Federal Government agencies, has entered into a definitive agreement to acquire Computech, Inc., a leader in agile and lean application software development and IT operations and maintenance. The purchase price will be approximately $56m in cash, subject to certain working capital and other adjustments as of the closing date, and will be funded through a combination of cash on hand and borrowings under NCI’s senior credit facility. The transaction is expected to close on January 1, 2015, following the satisfaction of customary closing conditions. Founded in 1979, Computech provides agile software application development; IT system modernization; application portfolio management; agile operations and maintenance; data strategy, analytics and visualization; and big data processing to federal civilian customers, including the Federal Communications Commission, Department of Homeland Security, Executive Office of the President, Internal Revenue Service, U.S. House of Representatives and U.S. International Trade Commission. Winner of the TechAmerica Terman Award for IT Services and Consulting, Computech is headquartered in Bethesda, Md., and has nearly 170 employees working primarily in the Washington, D.C. metropolitan area. Computech expects to generate more than $40m of revenue in its current fiscal year, ending December 31, 2014. NCI anticipates that the transaction will be immediately accretive to margins and earnings. “The acquisition of Computech is in line with NCI’s growth strategy, which calls for the development of new customers and service offerings both organically and through mergers and acquisitions,” said Brian J. Clark, NCI’s president. “Computech furthers our commitment to delivering the highest quality services to our customers, while fostering an employee-focused culture throughout our company. We look forward to welcoming Computech to the NCI team.” “We are pleased to announce this transaction,” said Charles Narang, NCI’s chairman and CEO. “Having recently achieved our 25-year anniversary as a leading federal IT services contractor, we look forward to continuing our trend of success with the addition of Computech’s outstanding skills and customer set.” “Being part of NCI is very attractive,” said J. D. Murphy, Jr., founder and CEO of Computech. “The combination leverages the collective skills of talented staffs, advances the delivery of customer-focused, technological solutions and, most importantly, allows for the future collaboration and broadening of Computech’s Agile O&M® Framework. The union brings together cultures that are dramatically similar in spirit, philosophy and substance. I believe joining NCI is a logical step for our staff as well as for current and future clients.” (Source: Yahoo!/BUSINESS WIRE)
24 Dec 14. Astronics Corporation (ATRO), a leading provider of advanced technologies fo