Date: Mar 04, 2007 Source: PR Newswire (
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MCLEAN and FAIRFAX, Va., March 14 /PRNewswire-FirstCall/ -- QinetiQ North America Operations LLC (QNA) today announced it has completed the acquisition of Analex Corporation (Amex: NLX), pursuant to the terms of an agreement and plan of merger which was signed on January 20, 2007. QNA has successfully completed a tender offer for Analex's shares at a price of $3.70 per share.
Analex now joins the other QNA subsidiaries which include: Apogen Technologies, Foster-Miller, Planning Systems, and Westar Aerospace & Defense Group in providing world-class technology and responsive solutions to the U.S. Government.
"Analex brings an incredible depth of experience in the intelligence market as well as a sharp focus on solutions for mission systems," commented Duane Andrews, CEO, QinetiQ North America. "With the completion of this deal, we look forward to bringing Analex's capabilities into the solutions we are providing to our customers."
Headquartered in Fairfax, Virginia, with 11 locations around the United States, Analex specializes in providing innovative information technology, aerospace engineering and security and intelligence support services for defense, intelligence, and space programs. Analex broadens QNA's footprint in the government with long term relationships with U.S. Missile Defense Agency (MDA), U.S. Army, U.S. Navy, DARPA, and NASA among others. Analex also has over 20 years of experience in the intelligence community.
"The Analex team is excited about the new markets and opportunity for growth that our alignment with QinetiQ North America brings," said Sterling Phillips, Analex's Chairman and CEO. "We are focused on continuing to provide our customers with the level of service they have come to expect while working with QNA to provide additional capabilities to help solve mission critical challenges."
About QinetiQ North America
QinetiQ North America provides world class technology and responsive solutions to our U.S. Government customers. Our 3000+ engineers and technologists work in partnership with our customers to develop innovative technology solutions for the challenges of national defense, homeland security, and information access. Strengthened by the legacy of Apogen Technologies, Foster-Miller, Planning Systems, Inc., and Westar Aerospace and Defense Group, QinetiQ North America proudly serves our customers in the areas of: System Engineering and Technical Support, Information Technology Services, and Technology Development.
QinetiQ North America is a wholly-owned subsidiary of QinetiQ, one of the world's leading defense and security technology companies. QinetiQ was founded from the world's first top flight national defense laboratory (UK Ministry of Defense, Defense Evaluation and Research Agency (DERA)). Our affiliation with QinetiQ gives customers access to the output of 50 years of national investment at the forefront of technology.
For More Information Contact:
QinetiQ North America
Piper Conrad
703-752-6522
Piper.Conrad@QinetiQ-NA.com
Amber Gordon
703-852-1392
Amber.Gordon@Analex.com
