Alion Agrees to Acquire Certain Assets of Anteon Business Unit; Technology Solutions Firm Will Purchase DoD Program Management and Engineering Service Contracts and Capabilities.MCLEAN, Va. -- On Sunday, June 4, Alion Science and Technology Alion Science and Technology (pronounced: ah-LYE-un) is an employee-owned technology solutions company delivering technical expertise and operational support to the Department of Defense, civilian government agencies and commercial customers. signed an agreement to purchase certain assets of Anteon Corporation's program management and engineering services business. This business unit of approximately 900 employees provides substantial technical and operational support to the DoD, in particular the US Navy and Air Force. It is anticipated that the acquisition will be completed by June 30, 2006. Alion's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Bahman Atefi, said that the acquisition will provide significant benefits to Alion, the incoming employees and our customers. "With our longstanding experience supporting complex DoD programs, Alion can provide an environment in which these Anteon employees and the work they perform can thrive," he said. "The employees will continue to deliver their highly-regarded services to their valued customers; these services will be further enhanced by Alion's resources. These employees can also share in the benefits of employee-ownership at Alion." Dr. Atefi added, "An acquisition of this magnitude is a turning point for Alion as well. We will benefit through an immediate growth in capabilities that mesh with our core strengths of operational and technical expertise." Included in the asset acquisition are several critical DoD contracts, including: --Multiple Navy projects under NAVSEA NAVSEA Naval Sea Systems Command NAVSEA Naval Avionics Support Equipment Appraisal SeaPort MAC and SeaPort-E MAC --SAFTAS (Air Force Single Award Contract) --Other customers/contracts, which include ONR ONR Office of Naval Research ONR Ontario Northland Railway , SPAWAR SPAWAR Space & Naval Warfare Systems Command (US Navy) SPAWAR Space Warfare and ASN (1) (Autonomous System Number) A unique identifier of an autonomous system on the Internet. Of the 65 thousand ASNs available, more than 30 thousand have been assigned to ISPs and NSPs. ISPs usually have only one ASN, but NSPs may have more than one. RDA RDA abbr. recommended daily allowance Recommended Dietary Allowance (RDA) The Recommended Dietary Allowances (RDAs) are quantities of nutrients in the diet that are required to maintain good health in people. About Alion Science and Technology Alion Science and Technology is an employee-owned technology solutions company delivering technical expertise and operational support to the Department of Defense, civilian government agencies and commercial customers. Building on 70 years of R&D and engineering experience, Alion brings innovation and insight to multiple business areas: defense operations; modeling & simulation; wireless communication; industrial technology; chemical, biological, nuclear & environmental sciences; information technology; and naval architecture & marine engineering. Based in McLean, Virginia, Alion has more than 2800 employee-owners at major offices, customer sites and laboratories worldwide. For more information, call 877.771.6252 or visit Alion online at www.alionscience.com. This press release contains information about management's view of Alion's future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of a variety of risk factors and uncertainties discussed in documents periodically filed by Alion with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion