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Hadron Buys Florida Contractor

About 1 pages (337 words)

The Washington Post, November 2nd, 2001

Hadron Inc., an Alexandria contractor that does work for federal intelligence agencies, announced yesterday that it had acquired Florida-based engineering firm Analex Corp. for $6.5 million in cash and 3.6 million shares of restricted common stock. The purchase will add to Hadron's intelligence work and triple its staff to 450 employees, said Sterling Phillips, Hadron's chief executive and president. "We think it is very important. It gives us a much larger presence in the intelligence agencies that we serve," Phillips said. Hadron helps intelligence agencies test equipment used for classified...

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Cynthia L. Webb. The Washington Post, November 2nd, 2001. Hadron Buys Florida Contractor. Content provided by HighBeam Research.



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