Carlyle-Led Investors Buy Defense IT Contractor BDM From Ford Aerospace; Ex-Defense Secretary Carlucci Becomes Chairman
- BDM was a public company from 1980 until 1988. It “was purchased by and became a wholly-owned subsidiary of Ford Aerospace Corporation” in June 1988 (BDM International’s fiscal-year 1996 annual report).
- On October 23, 1990, members of senior management and an “investor group led by The Carlyle Group” acquired substantially all of BDM’s assets and business from Ford Aerospace; the new company took the name BDM International.
- Frank Carlucci served as “Secretary of Defense from 1987 to 1989,” as “Vice Chairman of Carlyle from 1989 to 1993,” and “has served as Chairman of the Board of Directors of the Company since October 1990.”
- The filing documents the ownership chain and the chairman’s background; it does not itself describe BDM’s work for intelligence agencies in the 1980s, and none is claimed.
Sources & Citations
[1]
BDM International, Inc., Form 10-K for fiscal year 1996
— U.S. Securities and Exchange Commission (EDGAR)
· Mar 1, 1997
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Cite this entry
The Cascade Ledger. “Carlyle-Led Investors Buy Defense IT Contractor BDM From Ford Aerospace; Ex-Defense Secretary Carlucci Becomes Chairman.” The Capture Cascade Timeline, October 23, 1990. https://capturecascade.org/event/1990-10-23--carlyle-led-group-buys-bdm-from-ford-aerospace-defense-it-contractor/