Archive: Business/Financial

A Sharktech-equipped 38 Defiant autonomous vessel testing near Metal Shark’s Jeanerette, La. headquarters. (Photo: Metal Shark)

Metal Shark And ASV Global Unveil Autonomous Boat Tech

Shipbuilder Metal Shark and autonomous vessel technology company ASV Global announced Friday they are starting to offer “Sharktech” autonomous vessels. The autonomous-enabled vessels can be custom configured for military, law enforcement agencies, fire rescue, and other applicable markets on all of Metal Shark’s 16-foot to 300-foot aluminum, steel, and composite products. The partnership will add […]

Chris Kubasik, chairman, president and CEO of L3 Technologies. Photo: L3

L3 To Acquire Two Information Security Firms Based Outside U.S.

L3 Technologies [LLL] on Wednesday said it has agreed to acquire two companies that it said will strengthen its cyber defense capabilities, particularly for intelligence and classified missions. L3 said it will pay $200 million for the companies, which will be combined as L3 Trenchant, and that the deals include a $32 million earn out […]

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AT&T To Acquire Cyber Security Firm AlienVault

AT&T [T] on Tuesday said it has agreed to acquire the cyber security firm AlienVault in a deal it said will allow it to expand its security capabilities to provide enterprise level security solutions to small and medium-sized businesses. Terms of the deal were not disclosed, although AT&T doesn’t expect it to have a material […]

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Cadence Aerospace Acquires Perfekta

The private equity firm Arlington Capital Partners on Monday said its portfolio firm Cadence Aerospace has acquired Perfekta, Inc., a provider of large structures, precision-machined metal and aluminum components, and structural assemblies to the aerospace, defense and space markets. Terms of the deal were not disclosed. Arlington Capital said the acquisition furthers its plans for […]

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Lockheed Martin Expands Partnership With Cyber Security Firm Guardtime Federal

Lockheed Martin [LMT] on Monday said it is expanding its work with a cyber security firm to evaluate technologies to better protect the information supply chain around operational aircraft systems. Lockheed Martin said the new contract with Guardtime Federal builds on work begun in 2015 around improving the security of embedded cyber physical systems. “We […]

Michael Griffin, undersecretary of defense for research and engineering (DoD photo)

Griffin Releases DoD Digital Engineering Strategy For New Weapons Projects

The Department of Defense’s lead technology official released a new digital engineering strategy Thursday to guide the Pentagon’s ability to handle increasingly complex acquisition priorities for new weapons systems. Michael Griffin, DoD’s new Under Secretary of Defense for Research and Engineering, announced the directive alongside plans for a new Digital Engineering Working Group (DEWG) and […]

Chris Kubasik, chairman, president and CEO of L3 Technologies. Photo: L3

American Industrial Partners Completes Acquisition Of Vertex Aerospace From L3

L3 Technologies [LLL] on Tuesday said it had completed the sale of its Vertex Aerospace businesses to the private equity firm American Industrial Partners for $540 million in cash. Last October, L3 said it planned to divest Vertex to focus on the products and solutions businesses within its Aerospace Systems segment. Vertex lost several major […]

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Boeing Plans Separate Tie-Up With Embraer For Defense

Boeing [BA] on Thursday moved a step closer to establishing a strategic partnership with Brazilian aircraft maker Embraer [ERJ], announcing a pending $3.8 billion majority ownership stake in a commercial aircraft joint venture and also said the two companies would create another joint venture in defense. A key part of the defense joint venture will […]