Archive: Business/Financial

An Orbital ATK Antares launch vehicle lifts off from Wallops Island, Va. Photo: Orbital ATK

Northrop Grumman Deal For Orbital ATK On Track After Shareholder Vote

Orbital ATK’s [OA] stockholders on Wednesday voted in favor of their company’s being acquired by Northrop Grumman [NOC], keeping the pending deal on track for a close in the first half of 2018. The nearly $8 billion acquisition still must receive regulatory approvals. Orbital ATK said that holders of more than 99 percent of the […]

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UT Narrowly Approves LANL Management Bid

The University of Texas’ board of regents narrowly approved a bid Monday on a potentially decade-long contract to manage the Department of Energy’s Los Alamos National Laboratory.The University of Texas’ (UT) board of regents voted 4-3 in favor of the motion, which will pair the university with at least one corporate partner as part of […]

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ManTech Survives Protest Of $816 Million Technological Security Services Deal With State Department

ManTech International Corp. [MANT] is preparing to begin work on a 10-year, $816 million deal from the State Department to provide technology security services for diplomatic missions following an unsuccessful protest from the award’s incumbent. The contract, announced Monday and initially awarded in May, tasks Mantech with providing classified active monitoring tools to assist the […]

McAfee CEO Chris Young. Photo: McAfee

McAfee To Acquire Cloud Security Firm Skyhigh Networks

Moving to complement its current cyber security offerings around endpoint protection, McAfee on Monday said it has agreed to acquire Skyhigh Networks, a leader in software technology that helps provides security between an organization’s on-premise infrastructure and a cloud infrastructure. Terms of the deal were not disclosed. Both companies are privately owned. “Skyhigh is an […]

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GSA Picks 61 Companies For Potential $50 Billion IT Contract Vehicle

The General Services Administration (GSA) on Monday awarded its new government wide acquisition contract vehicle, selecting 61 companies to compete for up to $50 billion in customized information technology (IT) services and solutions for various departments and agencies. The Alliant 2 unrestricted contract vehicle follows up the current Alliant vehicle, which allows departments and agencies […]

The 20-percent scale model of the Aurora LightningStrike Vertical Take-off and Landing Experimental Plane (VTOL X-Plane) undergoes a flight test in Maryland. Photo: Aurora Flight Sciences.

Boeing Official Talks Up Aurora Acquisition, Still in MQ-25 Competition

A Boeing [BA] executive told reporters on Wednesday that he is “really excited about Aurora” Flight Sciences joining the company and confirmed the company is still in the MQ-25 unmanned carrier tanker program. Chris Raymond, vice president and general manager of Boeing’s autonomous systems business unit, told reporters at the company’s Arlington, Va., office that […]

iStock Cyber Lock

Industry Reps Say DHS Can Improve Quality, Timeliness Of Cyber Threat Information Sharing

Private sector participation remains limited in a Department of Homeland Security (DHS) automated cyber threat information sharing program due to a lack of timeliness in the sharing of the threat indicators with the government and because the information doesn’t contain adequate context, industry officials told a House panel on Wednesday. For companies, it comes down […]

Surrey-US' products include earth observation payloads. Photo: Surrey-US

General Atomics Acquires U.S.-Based Operation Of Surrey Satellite Technology

General Atomics (GA) on Monday said it has acquired the majority of assets of the Colorado-based operation of Britain’s Surrey Satellite Technology Ltd. (SSTL) to support the growth plans of its Electromagnetic Systems Group (EMS) in the development and delivery of small satellite and advanced payload systems. Terms of the deal were not disclosed. SSTL […]

The 20-percent scale model of the Aurora LightningStrike Vertical Take-off and Landing Experimental Plane (VTOL X-Plane) undergoes a flight test in Maryland. Photo: Aurora Flight Sciences.

Boeing Closes Deal For Aurora Flight Sciences

Boeing [BA] on Wednesday completed its acquisition of Aurora Flight Sciences, boosting its ability to more quickly develop autonomous technologies for flight. Terms of the deal, which was first announced in early October, were not disclosed. Aurora will retain its name and independent operating model, functioning as a subsidiary under Boeing Engineering, Test & Technology. […]

Huntington Ingalls President and CEO Mike Petters. Photo: HII

Navy Ship Work, Acquisition Lead HII To Strong Third Quarter Results

Huntington Ingalls Industries [HII] on Wednesday posted strong financial results in its third quarter driven by work on aircraft carriers and amphibious assault ships for the Navy and the acquisition last year of a technical services company. Net income jumped 39 percent to $149 million, $3.27 earnings per share (EPS), from $107 million ($2.27 EPS) […]