Archive: Business/Financial

AIA Issues Baseline Cyber Security Standards For Aerospace And Defense Industry

The Aerospace Industries Association (AIA) on Thursday released a risk-based cyber security standard aimed giving companies in the aerospace and defense industry set of baseline security controls that can evolve with changing threats and provide a shared comfort level within the industry and government that accepted cyber security practices are being achieved. The National Aerospace […]

Cerberus Capital To Acquire Sparton Corp.

The private equity firm Cerberus Capital Management on Wednesday said it has agreed to acquire Sparton Corp. [SPA], a provider of components for the medical and biotechnology, military and aerospace, and industrial markets, for $18.50 per share in cash. The purchase price represents a 41 percent premium to Illinois-based Sparton’s closing share price on Dec. […]

TSA Awards TechFlow Nearly $1 Billion To Support Explosive Detection Systems

The Transportation Security Administration (TSA) on Thursday said it has awarded a $968 million contract to TechFlow Inc., to provide performance based logistics to the agency’s installed base of explosive detection systems (EDS) that are used to automatically scan checked bags for explosives at U.S. airports. TSA previously relied on L3 Technologies [LLL], Smiths Detection […]

Fluor Scoops Nuke Storage Contract at Missile Base

Fluor Federal Services will build a nuclear weapons storage and maintenance facility at the an Frances E. Warren Air Force Base near Cheyenne, Wyoming, under a three-and-a-quarter year Army Corps of Engineers contract worth $145 million, the company said Tuesday. The 90,000 square-foot facility will include a fueling station, a generator building and a fire […]

SAIC Posts Higher Earnings, Sales In Third Quarter

Science Applications International Corp. [SAIC] on Dec. 6 after the close of the markets reported higher sales due to work for state and local governments while earnings increased due to a lower tax rate. Net income increased 12 percent to $48 million, $1.11 earnings per share (EPS) in the company’s fiscal year 2019 third quarter […]

Huntington Ingalls Acquires Cyber Security Firm G2 To Expand Services Business

Huntington Ingalls Industries [HII] on Monday said it has acquired the cyber security firm G2 Inc., which will be part of the company’s Technical Solutions division that was stood up in late 2016 following the acquisition of government services provider Camber Corp. Terms of the deal were not disclosed. G2 has about 130 employees, most of […]

Cerberus Capital To Acquire Majority Stake In Navistar Defense

The private equity firm Cerberus Capital Management on Monday said it has agreed to acquire a 70 percent interest in Navistar International Corp.’s [NAV] defense business, which makes tactical wheeled vehicles for military, law enforcement and government customers worldwide. Terms of the deal, which is expected to close this month, were not disclosed. “Today’s announcement […]

Hexcel To Acquire Producer RF Absorbing Composite Materials

Advanced composites developer and manufacturer Hexcel Corp. [HXL] has agreed to acquire ARC Technologies, which supplies composite materials that absorb electronic signals, for $160 million. Massachusetts-based ARC’s radio frequency and electromagnetic interference shielding materials are used form military, aerospace and industrial applications. Some of the company’s primary customers are Lockheed Martin [LMT], Northrop Grumman [NOC], […]

NASA Selects Nine Companies To Compete For $2.6 Billion In Moon Deliveries

NASA on Thursday selected nine companies to compete for $2.6 billion in potential lunar commercial delivery services over the next 10 years, a key step toward long-term study and human exploration of the moon and eventually Mars. The U.S. companies are Astrobotic Technology, Inc., Deep Space Systems, Draper Laboratory, Firefly Aerospace, Inc., Intuitive Machines, LLC, […]