Archive: Business/Financial

Chris Kubasik, president and CEO of L3 Technologies. Photo: L3

Eyeing Key International Markets, L3 Creates Boards In Australia, Canada And UK

L3 Technologies [LLL] on Thursday said it has established boards in three countries to help focus its international growth in key regions. “We continue to focus on accelerating L3’s international business by strengthening our customer relationships and forging productive partnerships in key regions,” Christopher Kubasik, president and CEO of L3, said in a statement. The […]

Aerial view of the Pentagon, Arlington, VA

DoD Seeking University-Industry Partnerships For New Research Program

The Department of Defense has launched a new pilot program aimed at funding academia-industry research partnerships to meet technological challenges related to power beaming, highly‐maneuverable UAVs, soft active composites and metamaterial-based antennas. The new Defense Enterprise Science Initiative (DESI), announced Wednesday, will provide $6 million in funding to four programs of university and industry partners […]

iStock Cyber Lock

Software Firm Touts DHS Award To Develop Active Cyber Defense Technology

NexiTech, a software firm based in Colorado, has received a small contract from the Department of Homeland Security (DHS) to develop active cyber defense technology for the financial services industry. The $194,000 contract will be applied toward NexiTech’s Moving Target Defense platform for protecting storage devices and networks. “This project could potentially be of great […]

Lynne Doughtie, chairman and CEO of KMPG in the U.S. Photo: KPMG.

KPMG To Acquire Identity And Access Management Business Of Cyberinc

The auditing and consulting firm KPMG LLP on Wednesday said it has agreed to acquire the global identity and access management business of Cyberinc, providing it with additional talent for its information security consulting services. Terms of the deal were not disclosed. Cyberinc, which is based in California’s Silicon Valley, is a subsidiary of Aurionpro […]

Gigamon CEO Paul Hooper. Photo: Gigamon

Gigamon Acquired By Private Investors

The network monitoring solutions firm Gigamon, Inc., last week was acquired by the private investment firm Elliott Management and Qatar’s state-owned management fund Qatar Investment Authority for $1.6 billion. “With the acquisition complete, our team will continue to execute strategic initiatives that will both empower our customers with new, rich functionality and drive Gigamon to […]

paladin

BAE Takes Home Howitzer Contract Carrying Full-rate Production Option

BAE Systems has been given the green light and a hefty check by the Army to upgrade the final lot of M109 Paladin self-propelled guns to the modern A7 configuration, a move that all but clears the vehicle for full-rate production, according to a company executive. The Army on Dec. 21 awarded BAE a $227 […]

Embraer's KC-390 multimission medium airlifter. Photo: Embraer

Boeing In Talks On Combination With Embraer

Boeing [BA] and Brazil’s Embraer [ERJ] on Thursday said they are in discussions for a “potential combination” following a report in the Wall Street Journal that Boeing is in talks to acquire the maker of regional and business jets, light-attack fighters and reconnaissance aircraft, and medium-size military transport aircraft. The Journal reported that the potential acquisition […]

Dockstavarvet's Combat Boat 90 H aluminum fast assault craft can carry 20 soldiers and cargo at speeds more than 20 knots. Photo: Dockstavarvet

Saab Acquiring Two Swedish Shipyards

Sweden’s Saab on Thursday said it is acquiring two compatriot shipyards, one a producer of small combat and patrol boats and the other a ship repair yard, in a deal aimed at enhancing its naval product offerings. Terms of the acquisitions, which are expected to close on Dec. 29, were not disclosed. The two businesses […]

Mark Aslett, president and CEO of Mercury Systems. Photo: Mercury Systems

Mercury In Agreement To Acquire Themis

A week after disclosing it was in discussions to acquire Themis Computer, Mercury Systems [MRCY] on Thursday said it has agreed to acquire the Silicon Valley-based provider of rugged computing solutions in a $180 million cash deal that builds on the company’s recent entry into the C4I market. The price for Themis is $5 million […]

lanl

Newport News-BWXT Team Lands $1.39B Deal for LANL Legacy Cleanup

A team comprised of Stoller Newport News Nuclear and BWX Technologies [BWXT] has been awarded a $1.39 billion contract valued for cleanup of legacy wastes at the Energy Department’s Los Alamos National Laboratory in New Mexico. This will be Stoller’s first major operational contract at the nuclear weapons lab, where BWXT is an old hand […]