Archive: Business/Financial

ManTech To Acquire IT Solutions Provider McDonald Bradley

ManTech International [MANT] recently said it has agreed to acquire McDonald Bradley, Inc. (MBI), an information technology (IT) solutions provider to the federal government, for $76.5 million in cash, giving it access to new customers and markets. MBI, which is based in Northern Virginia, expects to have over $50 million in sales this year. The […]

Textron Closes In On United Industrial Acquisition

Textron [TXT] said recently it has acquired 85 percent of the stock of United Industrial Corp. [UIC] as it nears the end of its $1.1 billion acquisition of the defense company. However, Textron said that about 1.6 million shares of UIC’s common stock that had been tendered through notices of guaranteed delivery were not delivered […]

Cross Match Drops Price of Planned IPO

Cross Match Technologies recently said it has lowered the expected price range of its forthcoming initial public offering (IPO), suggesting that net proceeds from the sale of stock could be about $23 million less than planned when the company refiled to go public last month. Under the amended filing with the Securities and Exchange Commission […]

McDonald Bradley Awarded DIA IT Contract

McDonald Bradley has received a $3 million contract from the Defense Intelligence Agency (DIA) to design and develop a Web-based Force Protection Assessment system. The company said it will provide analytical design guidance as well as systems, software integration and development, and database engineering support to enable users to seamlessly search, analyze, and fuse knowledge […]

Raytheon Acquires Robotics Technologies From Sarcos

Raytheon [RTN] said recently it has acquired the robotics technologies and capabilities from Sarcos Inc., which does research and development in advanced robotics systems for industry and entertainment, medical devices, and mechanical and electrical microsystems. Terms of the deal were not disclosed. Sarcos, based in Salt Lake City, Utah, has 56 employees. Its customers include […]

BAE SYSTEMS Acquiring Swedish Training Firm

Britain’s BAE SYSTEMS yesterday said it is acquiring Pitch Technologies AB, a Swedish-based firm that specializes in training and simulation products and solutions, for about $9.8 million. BAE expects the deal to close in December. Pitch’s largest customers are the Swedish Ministry of Defence, NASA, the European Aeronautic Defence and Space Co., and France’s Thales. […]

General Dynamics Acquires Mediaware International Pty Ltd.

General Dynamics [GD] recently said it has acquired Mediaware International Pty Ltd.,a leading developer of real-time full-motion compressed digital video processing software and systems for defense, intelligence and commercial customers. Terms of the acquisition were not disclosed. The privately held Mediaware International, which has about 40 employees, will continue to be based in Sydney, Australia. […]

Northrop Grumman, Raytheon Win Work On Next-Gen GPS Control Segment

By Michael Sirak The Air Force last week chose Northrop Grumman [NOC] and Raytheon [RTN] to conduct concurrent developmental work on a next- generation ground control segment for Global Positioning System (GPS) navigation satellites. Each company won phase A contracts worth about $160 million to reduce the risk in the design of the GPS Operational […]

Textron Closes In On United Industrial Acquisition

Textron [TXT] said recently it has acquired 85 percent of the stock of United Industrial Corp. [UIC] as it nears the end of its $1.1 billion acquisition of the defense company. However, Textron said that about 1.6 million shares of UIC’s common stock that had been tendered through notices of guaranteed delivery were not delivered […]

Textron Closes In On United Industrial Acquisition

Textron [TXT] said last week that it has acquired 85 percent of the stock of United Industrial Corp. [UIC] as it nears the end of its $1.1 billion acquisition of the defense company. However, Textron said that about 1.6 million shares of UIC’s common stock that had been tendered through notices of guaranteed delivery were […]