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Reston, Virginia-based CACI International, one of the largest government IT contractors in the D.C. region will acquire Fairfax-based Azure Summit Technology in an all-cash deal worth $1.275 billion.
Azure Summit develops hardware and software for the U.S. Department of Defense, including high-performance radio frequency technology.
“Azure Summit’s core capabilities and technology bolster CACI’s market-based strategy by expanding our offerings in intelligence, surveillance and reconnaissance, electronic warfare, and signals intelligence across multiple domains, platforms and customer sets,” said John Mengucci, CACI president and CEO.
“In an environmental of escalating global threats, the employees of both CACI and Azure Summit are culturally aligned and driven to support the most critical, sophisticated missions of our nation and our allies,” he added.
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