Archive: Business/Financial

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L2 Defense Acquires Provider Of Emergency Services Simulation And Training

L2 Defense, Inc. has acquired Advanced Technical and Educational Consultants, Inc. (ATEC), a small business that provides simulation and training capabilities to the Defense Department, federal agencies, and state and local emergency responders. Terms of the deal, which was announced on Nov. 2, were not disclosed. ATEC is a woman-owned business based in South Florida. […]

Peraton CEO Stu Shea. Photo: Peraton

Peraton CEO Swinging For The Fences To Land Big Contracts

Peraton, the name given to the former information technology services business that Harris Corp. [HRS] divested earlier this year, is going to go after some big contracts to build scale and increase exposure to different customers, according to Stu Shea, a long-time veteran of the technology services and solutions industry and the recently installed chief […]

Orbital ATK's aerostructures business helped contribute to the company's strong third quarter results.  The company makes composite structures for commercial and military aircraft. Photo: Orbital ATK

Earnings, Sales Surge At Orbital ATK In Third Quarter

Orbital ATK [OA] on Thursday posted strong earnings and sales in its third quarter driven by top and bottom line gains in all three operating segments. Net income soared 57 percent to $94.8 million, $1.64 earnings per share (EPS), from $60.4 million ($1.04 EPS). Excluding expenses related to the pending acquisition of the company by […]

Leidos Chairman and CEO Roger Krone. Photo: Leidos

Leidos Posts Lower Earnings, Higher Sales In Third Quarter

Leidos [LDOS] on Thursday reported a drop in net income in its third quarter due to higher taxes while sales jumped up due to an acquisition a year ago. Net income fell 10 percent to $82 million, 53 cents earning per share (EPS), from $91 million (80 cents EPS) a year ago, as Leidos was […]

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DISA Awards $163 Million Endpoint Security Task Order To CSRA

The Department of Defense is building on its endpoint security effort with a potential $163 million task order to CSRA Inc. [CSRA] to integrate cyber management capabilities for the department’s Defense Information Systems Agency (DISA). Under the deal, announced Wednesday, CSRA will work with Microsoft [MSFT] and McAfee to manage security tools for DISA’s Endpoint […]

Raytheon's AMRAAM air-to-air missile. Photo: Raytheon.

State Department Approves AMRAAM Sale To Canada

The State Department has approved a potential $140 million sale to Canada of AIM-120D Advanced Medium Range Air-to-Air Missiles (AMRAAMs) for deployment on Royal Canadian Air Force F/A-18 fighter aircraft. The Foreign Military Sale, which still requires congressional approval, includes up to 32 missiles, up to 18 captive carry air training missiles, up to four […]

Gamma Alloys' metal powder and ceramic nanoparticles are blended in a uniform metal-matrix composite. Photo and caption. Gamma Alloys

Boeing Ventures Arm Invests In Small Advanced Materials Firm

Boeing [BA] on Wednesday said its HorizonX ventures arm has taken a minority ownership stake in a small company that develops and produces advanced metal-matrix composites for the aerospace, defense, automotive and energy industries. Gamma Alloys has 10 employees and is based Los Angeles and does large scale manufacturing in Missouri and manufacturing in Stockton, […]

AN/TPY-2 Radar.
Photo: Raytheon.

MDA Awards Raytheon $1.5 Billion To Support AN/TPY-2 and SBX Radars

The Missile Defense Agency awarded Raytheon [RTN] a $1.5 billion indefinite delivery/indefinite quantity follow-on contract to support the Army Navy Transportable Radar Surveillance Model 2 (AN/TPY-2) and Sea-Based X-Band (SBX) radars, the Defense Department said last Friday. The AN/TPY-2, built by Raytheon, is used for Terminal High Altitude Area Defense (THAAD) missile defense systems to […]

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The Armored Group Acquires German Vehicle Armoring Companies

The Armored Group (TAG) two German-based vehicle armoring companies in a deal it says complements its current capabilities, expand its production footprint internationally and its market share in Europe. Terms of the deals were not disclosed. TAG, which is based in Phoenix, armors a range of vehicles types for law enforcement and federal agencies, and […]