Archive: Business/Financial

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 […]

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 […]