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Thursday Transactions

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This week, BAE Systems agreed to purchase L-1 Identity Solutions, Inc.’s Intelligence Services Group, formed by the businesses SpecTal, LLC, Advanced Concepts, Inc., and McClendon, LLC.

ITT Corporation has an agreement in place with SRA International, Inc. to acquire SRA’s Airport Operations Solutions group.

Dave Melcher, president of ITT Defense and Information Solutions, commented:

“The AOS group’s strong customer relationships and deep operational experience, coupled with a proven suite of web-based applications, complements ITT’s culture of providing superior solutions through engineering innovation. The addition of the AOS group will strengthen ITT’s business portfolio as we accelerate our commercial strategy for growth in the air traffic management industry.”

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