Advertisement

Header Utility Menu

  • Subscribe
  • Advertise
  • Contact Us
  • Events

LinkedIn Facebook Twitter Instagram Get Our App

  • Login

Virginia Business

Mobile Menu

  • Issues
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Advertisement

Header Primary Menu

  • Issues
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • Issues Archive
  • Industries
    • Banking/Finances
    • Law
    • Real Estate
    • Economic Development
    • Education
    • Energy/Green
    • Federal Contracting
    • Government
    • Healthcare
    • Hotels/Tourism
    • Insurance
    • Ports/Trade
    • Small Business
    • Startups
    • Technology
    • Transportation
  • Regions
    • Central Virginia
    • Eastern Virginia
    • Northern Virginia
    • Roanoke/New River Valley
    • Shenandoah Valley
    • Southern Virginia
    • Southwest Virginia
  • Reports
    • Best Places to Work
    • Business Person of the Year
    • CEO Pay
    • COVID-19
    • Generous Virginians Project
    • Legal Elite
    • Most Influential Virginians
    • Maritime Guide
    • Site Locator
    • The Big Book
    • Virginia CFO Awards
  • Company News
    • For the Record
    • People
  • Opinion
  • Lists
  • Awards/Events
    • 2022 Virginia Business Political Roundtable
    • Women in Leadership
    • Diversity Leadership Series
    • Virginia 500
    • Legal Elite
    • CFO Awards
    • Big Book of Lists
    • 100 People To Meet
    • Best Places To Work
  • Virginia 500
    • Read The Issue
    • Power Up Virginia 500
    • Buy an award plaque
    • Suggest execs for 2023

Home News CACI International acquires Mont.-based aerospace company

CACI International acquires Mont.-based aerospace company

Arlington federal contractor bought Ascent Vision Technologies LLC

Published August 14, 2020 by Sydney Lake

Arlington-based federal technology contractor CACI International Inc. announced Wednesday it has acquired Belgrade, Montana-based aerospace company Ascent Vision Technologies LLC (AVT).

A transaction amount was not disclosed.

Founded in 1962, CACI specializes in enterprise and mission technology. The company has approximately 23,000 employees and is on the Fortune 1000 list. AVT provides technology services that support multidomain intelligence, surveillance and reconnaissance (ISR), unmanned aircraft systems (UAS), air defense and counter-unmanned aircraft system (c-UAS) operations. 

The combination of AVT’s technologies with CACI’s signals intelligence, electronic warfare and other capabilities will create more options for customers, according to CACI. The technology provided through the combined company will serve defense and security markets, including the U.S. Army, Navy, Air Force and Marine Corps, CACI President and CEO John Mengucci said in a statement.

“CACI has an outstanding track record of successful acquisitions that deliver distinctive benefits for our customers and employees while providing long-term value to our shareholders,” J.P. “Jack” London, CACI executive chairman and chairman of the board, said in a statement. “The cultures of CACI and AVT are aligned with an unwavering commitment to integrity, ethics, and innovation.”

Sheppard, Mullin, Richter & Hampton LLP served as CACI’s legal adviser for the transaction. Jefferies Group LLC served as financial adviser to AVT, and Holland & Hart LLP served as legal adviser.

“The synergies between AVT and CACI’s offerings establish unapparelled technologies and capabilities in this growing area of ISR and c-UAS within CACI’s business,” Mengucci said in a statement. “We welcome the talented and mission-focused AVT employees to CACI.”

 

Subscribe to Virginia Business.

Get our daily e-newsletter.

Related Stories

Virginia Business logo

CACI wins $59M DOD comptroller task order

Contractor will support Defense Finance and Accounting Service

Virginia Business logo

ASGN Inc. buys Fredericksburg data science firm

ASGN is parent company of Glen Allen-based Apex Systems LLC

Virginia Business logo

McLean firm wins $7.3M DARPA 5G security contract

Kryptowire to conduct R&D on mobile network security

Trending

13th annual Best Places to Work

Virginia ABC announces next Pappy lotteries

Magical moments

Morrissey’s Petersburg casino bill fails in Senate Finance

Petersburg casino bill passes Va. House

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Advertisement

Advertisement

Trending

13th annual Best Places to Work

Virginia ABC announces next Pappy lotteries

Magical moments

Morrissey’s Petersburg casino bill fails in Senate Finance

Petersburg casino bill passes Va. House

Sponsored Stories

Working at Pinnacle Financial Partners

What Logistics issues will have the biggest impact on you in 2023?

In the New Year, Aim for Better Cybersecurity

4 innovative ways to create capacity

WHERE IS THE SUPPLY CHAIN WHEN YOU NEED IT?

P.A.I.N.T. Your Financial Mountain

5 Benefits of Treasury Management Services from Atlantic Union Bank

Blazing trails in the digital landscape

Get Virginia Business directly on your tablet or in your mailbox!

Subscribe to Virginia Business

Advertisement

Advertisement

Footer Primary Menu

  • virginiabusiness.com
  • Subscribe
  • Advertise
  • About Us
  • Contact Us

Footer Secondary Menu

  • Industries
  • Regions
  • Reports
  • Company News
  • Events

Sign Up For Our Newsletter

Sign Up

LinkedIn Facebook Twitter Instagram Get Our App

Privacy Policy Cookie Policy

Footer Utility Menu

Copyright © 2023 Virginia Business. All rights reserved.

Site Maintained by TechArk