Archive: Business/Financial

Peraton CEO Stu Shea. Photo: Peraton

Peraton Acquires Small Communications Firm Strategic Resources International

Peraton on Monday said it has acquired Strategic Resources International (SRI) in a deal that complements its communications capabilities. The deal is the first for Peraton, which is the former information technology business of Harris Corp. [HRS] that sold to Veritas Capital last year. Terms of the deal were not disclosed. SRI, which is based […]

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Boeing Venture Arm Invests In 3D Printing Startup Morf3D

Boeing [BA] on Monday said its venture arm HorizonX has invested in the additive engineering and manufacturing firm Morf3D, which makes components for aerospace applications. The investment in Morf3D is the first by Boeing HorizonX in a 3D printing company. Boeing said that Morf3D, which was founded in 2015, has provided the company with 3D-printed […]

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White House Releases New Policy For Expanding International Weapons, UAS Sales

The White House is looking to open up the defense industrial base to more global deals with a new set of arms transfer policies focused on allowing direct sales between U.S. companies and foreign governments and less regulations on the export of unmanned aerial systems (UAS). The Trump administration announced new reforms Thursday to the […]

Cubic President and CEO Bradley Feldmann. Photo: Cubic Corp.

Valiant Integrated Services Acquiring Cubic’s Defense Services Business

Cubic Corp. [CUB] on Thursday said it is selling its defense services business to a pure play federal services company, Valiant Integrated Services, for $135 million in cash, allowing it to sharpen its focus on its core transportation and defense businesses. The deal is expected to close within 45 days and includes $3 million in […]

A General Atomics Predator. Photo: General Atomics

CBP Awards General Atomics $276 Million For Predator O&M Services

General Atomics has received a potential $275.9 million contract to provide operational and maintenance (O&M) services to Customs and Border Protection’s (CBP) fleet of nine MQ-9 Predator B drones that the agency operates in support of border and maritime security missions. General Atomics’ Aeronautical Systems business began supplying the Predator unmanned aircraft systems (UAS) to […]

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Polaris Alpha Acquires Fourth Dimension Engineering To Bolster Cyber Capabilities

Polaris Alpha, a portfolio company of Arlington Capital Partners, has acquired Fourth Dimension Engineering, adding expertise in hardware design and custom electronic solutions in the cyber arena. Terms of the deal were not disclosed. Fourth Dimension is located in Columbia, Md., near the National Security Agency and U.S. Cyber Command. The company has 79 employees. […]

Huntington Ingalls Updates Ships Statuses, Reactivates Ingalls East Bank

Huntington Ingalls Industries’ Newport News Shipbuilding President Jennifer Boykin provided an update on the various stages of construction on several major Navy shipbuilding programs during the Navy League’s Sea Air Space Expo last week. The future USS John F. Kennedy (CVN-79) is about 43 percent complete, with launch planned for the fourth quarter of 2019 […]

L3's ProVision 2 Advanced Imaging Technology people scanner is deployed at airport checkpoints worldwide. Photo: L3 Technologies

Court Denies GD’s Protest Of TSA Award To Unisys For Integration Contract

The U.S. Court of Federal Claims has denied a motion by General Dynamics [GD] challenging an award by the Transportation Security Administration (TSA) last November to Unisys [UIS] to integrate transportation security equipment that is deployed to airports across the U.S. In her ruling, U.S. Court of Federal Claims Chief Judge Susan Braden said that […]

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Boeing, BAE, Rolls-Royce Invest In U.K. Hypersonic Engine Company

Boeing [BA] on Wednesday evening said its venture arm has made an investment in a small British company that is developing hypersonic propulsion technology for aircraft and rockets. The Boeing HorizonX Ventures investment in Reaction Engines is part of a $37.3 million funding round that includes Britain’s Rolls-Royce and BAE Systems. BAE in 2015 also […]

The future USS Gerald R. Ford (CVN 78) arrives at Naval Station Norfolk in Virginia on April 14, 2017, after returning from builder's sea trials. (Photo by U.S. Navy)

HII Sees Two Carrier Buy Saving $1.6 Billion Before GFE

National Harbor, Md. — The president of Huntington Ingalls Industries’ [HII] Newport News Shipbuilding (NNS) said the company sees a two-carrier purchase of the next Gerald R. Ford-class carriers as saving upwards of $1.6 billion over buying them, separately. Jennifer Boykin, executive vice president of HII and president NNS, told reports here during the Navy […]