Caci International Inc. (NYSE: CACI) is buying a business that works with the U.S. Department of Defense and U.S. Federal Civilian Government to provide security and other technology services for $550 million. The transaction comes two days after President Barack Obama addressed the U.S., calling the Dec. 2 mass shooting in San Bernardino, California, a terrorist attack.

The target, L-3 National Security Solutions Inc., provides specialized services, including cyber security, intelligence, enterprise and mission information technology, command and control, big data and physical security, to various national security agencies. The Reston, Virginia-based business has more than 4,000 employees, and more than 90 percent of them have security clearances.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.