Booz Allen Hamilton Closes Purchase of Defense Systems Engineering, Support Unit of ARINC; Sees Deal Adding to FY14 Earnings
Booz Allen Hamilton Holding Corporation (NYSE: BAH), the parent company of consulting firm Booz Allen Hamilton, today announced it closed its purchase of the Defense Systems Engineering and Support (DSES) division of ARINC Incorporated on November 30, 2012. The transaction adds to Booz Allen's workforce approximately 1,000 employees, based in various locations nationwide, many of which align with existing Booz Allen offices. Booz Allen paid $154 million in cash to ARINC, and expects the transaction to be accretive to its earnings in fiscal 2014, which begins April 1, 2013.
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