URS Acquires CATI - Analyst Blog
22 December 2011 - 3:30AM
Zacks
URS Corporation
(URS) has acquired the assets of Daleville, Alabama based CATI
Training Systems, which specializes in delivering advanced visual
image generation systems and high fidelity visual simulation
terrain databases for simulators, which are used to train civil,
commercial and military pilots.
The training systems from CATI are
used by the Department of Defense and commercial customers. The
transaction terms have not yet been disclosed.
CATI, owned by a private group of
investors, has an employee strength of approximately 12 highly
specialized engineers and software developers. CATI also develops
technologies that support aviation training and simulation systems
for unmanned aircraft systems.
The addition of CATI’s expertise
will help URS to meet the rising demand of its federal clients for
better training. With CATI’s technology and intellectual property
assets, URS will be able to develop and provide the best training
solutions currently in the market. The acquisition will allow URS
to develop new training solutions for its existing and new
clients.
URS Corp. provides engineering,
construction and technical services. As such, it offers a broad
range of program management, planning, design, engineering,
construction and construction management, operations and
maintenance, and decommissioning and closure services to public
agencies and private sector clients globally. It is also a major
U.S. federal government contractor in the areas of systems
engineering and technical assistance, and operations and
maintenance. Major competitors of URS are AECOM Technology
Corporation (ACM), Fluor Corporation
(FLR) and KBR Inc. (KBR).
We currently maintain our Neutral
rating on URS Corp. with a Zacks #4 Rank (short-term Sell
recommendation) over the next one-to-three months.
AECOM TECH CORP (ACM): Free Stock Analysis Report
FLUOR CORP-NEW (FLR): Free Stock Analysis Report
KBR INC (KBR): Free Stock Analysis Report
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