Archive: Business/Financial

CDI's engineering business provides wiring harnesses and cable assemblies. Photo: CDI

Private Equity Firm AE Industrial Partners Acquires Gryphon Technolgies, CDI

The private equity firm AE Industrial Partners (AEI) on Thursday said it has acquired the defense engineering and technical services firm Gryphon Technologies, which will be combined with the government services business CDI Corp., which was acquired by AEI in Sept. 2017. CDI Corp., which is based in Philadelphia and was a publicly traded company, […]

main sequence ventures

Lockheed Martin Invests In Australian Venture Fund

Lockheed Martin [LMT] on Wednesday said its venture capital arm has invested in an Australian capital firm that invests in high-technology companies. Lockheed Martin Ventures was part of a $132 million financing round in Main Sequence Ventures, which so far has made 12 venture capital investments in nine companies throughout Australia. For Lockheed Martin Ventures, […]

Analogic's ConneCT computed tomography checkpoint baggage scanner. Photo: Analogic

TSA Issues RFP For Next-Generation Checkpoint Baggage Scanners

The Transportation Security Administration (TSA) last Friday solicited bids for its next-generation of carry-on baggage scanners that will be used at airport checkpoints with the promise of improving the experience for travelers while enhancing aviation security. The RFP is for Advanced Technology/Computed Tomography (AT/CT) systems, with AT systems representing the current technology deployed at airport […]

HawkEye 360 CEO John Serafini. Photo: HawkEye 360

Raytheon Leads Investment Round In Commercial Satellite Company HawkEye 360

HawkEye 360 has completed out a nearly $15 million investment round led by Raytheon [RTN] that will help it accelerate development of its first cluster of commercial satellites that are expected to launch in 2019. In addition to Raytheon, the $14.9 million Series A-3 funding round includes the U.S. division of Japan’s Sumitomo Corp., and […]

BridgeSat graphic.

Boeing HorizonX Invests In Advanced Satellite Communications Company

Boeing [BA] on Monday said its venture arm HorizonX has made an investment in BridgeSat Inc., a small company developing satellite ground stations based on optical technology for secure, cost-effective transmission of large amounts of data between the stations and satellites. Boeing led a $10 million Series B investment that also includes the venture capital […]

SAIC CEO Tony Moraco

SAIC To Acquire Engility To Increase Scale, Diversify

Science Applications International Corp. [SAIC] Monday morning said it has agreed to acquire fellow government technology services provider Engility Holdings [EGL] in a $2.5 billion stock deal that gives it more scale and complementary capabilities and customer sets, including expansion in the intelligence area and military space market. SAIC said that once the deal closes, […]

DHS Logo DHS

TSA Awards Leidos $197 Million Bridge To Continue Support For Checkpoint Screening Equipment

After successfully getting the Transportation Security Administration (TSA) to terminate a potential $578 million contract with Peraton, incumbent contractor Leidos [LDOS] has received a potential $196.5 million bridge contract from the agency to continue providing maintenance for airport checkpoint screening equipment while a new competition is held. TSA last week said the bridge contract runs […]

iStock Cyber Lock

ManTech Nabs $668 Million Cyber Security Order To Help Protect Federal Agencies

ManTech International [MANT] on Wednesday said it has been awarded a potential $668 million contract through the General Service Administration (GSA) to support the Department of Homeland Security’s Continuous Diagnostics and Mitigation (CDM) program that helps federal civilian agencies protect their networks. The six-year task order was awarded under the CDM Dynamic and Evolving Federal […]

USCGC Waesche, the second NSC delivered to the Coast Guard, arrives in Pearl Harbor, June 25, 2014, to participate in the 24th Rim of The Pacific exercise, the largest  multi-national maritime exercise in the world, which is held biennially off the coast of Hawaii. Photo: Coast Guard

Structural Enhancements Completed On Second National Security Cutter

The Coast Guard last Friday said that it has completed structural enhancements on its second National Security Cutter (NSC), the last of the Legend-class cutters that needed the extra work during the post-production phase to ensure they meet their 30-year design fatigue life. The work on the Coast Guard Cutter Waesche was completed on Aug. […]

Christopher Kubasik, L3 Technologies Chairman, President and CEO. Photo: L3 Technologies

L3 Closes Deals For New Trenchant Business Unit

L3 Technologies [LLL] on Friday said it has completed its acquisitions of Azimuth Security and Linchpin Labs, which will now operate as L3 Trenchant within the company’s ISR Systems segment. L3 first announced the acquisitions in July, deals that are part of the company’s renewed focus under Chris Kubasik, who took over as CEO of […]