Precise Systems on Nov. 10 closed the transaction to acquire Excet, a provider of scientific research and engineering services to Department of Defense customers, including the U.S. Army and Navy. Excet's areas of expertise include alternative energy, biotechnology, synthetic biology and chemical, biological, radiological, nuclear and explosives threat assessment, and many of its employees are holders of advanced degrees in various disciplines, Precise Systems said.

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The U.S. Navy has awarded Excet a $48.6 million cost-plus-fixed-fee contract to provide research and development services for various Naval Research Laboratory projects in support of the service branch’s corrosion mitigation, coatings, environmental and prevention programs. The Defense Department said Friday that Excet will perform scientific, engineering and technical R&D in Virginia, Florida and Washington D.C. through July 28, 2021, […] More