Integral Systems Inc (ISYS.O) has hired financial advisors to review strategic alternatives, including a potential sale of the defense technology company, people familiar with the matter said. Integral Systems, which provides controls for military ground systems and satellites, is the latest company potentially up for grabs for larger defense rivals seeking niche technologies as the industry braces for sharp spending cuts in weapons platforms in coming years. Shares of Integral Systems rose as much as 23 percent to hit their highest level since February 2009. The stock was up more than 9 percent at $10.77 in midday Nasdaq trading, valuing the company at about $190 million.
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