Archive: Business/Financial

Diagram of Ocean Aero's Submaran unmanned underwater and surface vessel . (Diagram: Ocean Aero.)

Lockheed Martin Makes Second Investment In Ocean Aero

Lockheed Martin [LMT] on Tuesday said it has made a second investment in the unmanned maritime systems company Ocean Aero, a multi-million dollar investment aimed at helping the California-based company ramp up its production capacity. Lockheed Martin said that that its strategic investment in a Series B funding round came alongside another multi-million dollar infusion […]

Tyto Athene's portable Acuity Tactical Edge micro data center. Photo: Tyto Athene

Arlington Capital Partners Acquires Federal IT Business Of Black Box

The private equity firm Arlington Capital Partners on Monday evening said it has acquired the government information technology (IT) services business of digital solutions provider Black Box Corp. [BBOX] and has renamed its new portfolio company Tyto Athene. Black Box, which is based in Pittsburgh, Pa., said the sale price was $75 million and was […]

Aquabotix Gets Aboard Navy Info Warfare Consortium

The underwater robotics company UUV Aquabotix Ltd. was accepted as a member of the Navy’s new Information Warfare Research Project (IWRP) consortium, the company said on Monday. The IWRP, falling within the Navy’s Space and Naval Warfare Systems Command (SPAWAR), aims to give participants a forum to pitch new information warfare (IW) capabilities to SPAWAR […]

KLX provides a range of aerospace fasteners for its customers. Photo: KLX

Boeing Acquisition Of KLX Progresses

Aircraft parts and services provider KLX Inc. [KLXI] said last week that is shareholders have approved the company’s acquisition by Boeing [BA], one of several hurdles that must be cleared before the $3.2 billion deal closes. The deal must still receive regulatory approval and KLX also has to divest its energy services business, which is slated […]

Michele Evans has been named to lead Lockheed Martin's Aeronautics segment effective Oct. 1. Photo: Lockheed Martin

Lockheed Martin Names Evans To Head Aeronautics As Carvalho Set To Retire

Lockheed Martin [LMT] on Wednesday said that Michele Evans has been tapped to lead the company’s largest business segment, succeeding Orlando Carvalho who will retire later this year after leading Aeronautics for the past five years. Prior to being executive vice president of Aeronautics, Carvalho, 60, led the F-35 multi-role fighter program for the company […]

CACI President and CEO Ken Asbury

CACI Acquires Business Unit From GD That Provides Engineering Services To The Navy

CACI International [CACI] on Thursday said it has acquired a professional services unit from General Dynamics [GD] that bolsters CACI’s work with the Navy and provides it with the opportunity to offer its existing capabilities to new customers. CACI paid $84 million for the Systems Engineering and Acquisition (SE&A) Support Services Business Unit, which GD […]

iStock Cyber Lock

BAE, Splunk Partner On Government Cloud Security Solution

BAE Systems on Wednesday said it is collaborating with software firm Splunk Inc. [SPLK] to provide a solution based on machine learning to secure U.S. government cloud networks. The scalable, hybrid cloud solution, will incorporate Splunk Enterprise, a software platform based on machine learning to provide real-time visibility into an organization’s operations, data analytics, and […]

Latitude Engineering HQ-40 UAS. Photo: Latitude Engineering

L3 Acquires UAS Company With Technology For Fixed-Wing And Vertical Flight

L3 Technologies [LLL] in late June acquired Latitude Engineering, a small company that has developed technology to enable unmanned aircraft systems (UAS) to take off and land vertically and also fly as a fixed wing aircraft. L3 disclosed the $15 million cash deal in a July 26 filing with the Securities and Exchange Commission that […]