Archive: Business/Financial

Analogic's computed tomography-based ConneCT checkpoint scanner. Photo: Analogic

Altaris Capital To Acquire Analogic For $1.1 Billion

After a 10-month strategic review, Analogic Corp. [ALOG] on Tuesday said it will be acquired by the private equity firm Altaris Capital Partners for $1.1 billion in cash. Analogic, which provides products in the medical imaging and security detection space, said the agreement maximizes its value for shareholders, pointing out that the $84 per share […]

Leonardo's TH-119 helicopter

Bell, Leonardo Vying For Potential Navy Training Helicopter Contract

NATIONAL HARBOR, Md. — Textron’s [TXT] Bell Helicopter and Leonardo are touting two different approaches, pitching cost effectiveness against full requirements, for a potential Navy contract to replace its fleet of training helicopters with 105 new aircraft. Navy officials are looking to move on from the Bell TH-57 Sea Ranger helicopter for their advanced training […]

L3-iver

L3 Introduces Next-Generation Of Its Iver Autonomous Underwater Vehicle

NATIONAL HARBOR, Md.–L3 Technologies [LLL] on Monday introduced the newest generation of its Iver family of autonomous underwater vehicles (AUVs), the Iver4-PW, which more than doubles the range of the existing systems while adding more capability. L3 is planning to offer multiple variants of the Iver4-PW, which can range at least 40 nautical miles or […]

R. Andrew Hove, president and CEO of AM General. Photo: AM General

AM General Chief Touts Global Market For Aiding Company’s Success

AM General, the automotive manufacturer best known for building the Humvee multipurpose vehicle for the U.S. military, is finding tremendous success overseas, a key ingredient to its competitiveness, Andy Hove, the company’s president and CEO, said on Wednesday. Hove said AM General has the largest installed base of military vehicles globally, with more than 260,000 […]

dz-construction-south-lobby2

Day & Zimmerman Acquires Small Government O&M Services Company

The engineering and construction firm Day & Zimmermann (D&Z) on Tuesday said it has acquired M2 Services Corp., a small company that provides aviation and vehicle heavy maintenance, repair and overhaul (MRO) services to the Defense Department and other government customers. Terms of the deal were not disclosed. D&Z said that Texas-based M2 expands its […]

General Dynamics Chairman and CEO Phebe Novakovic. Photo: General Dynamics

GD Completes Acquisition Of CSRA

General Dynamics [GD] on Tuesday said it has completed its $9.7 billion acquisition of CSRA Inc., allowing it to create a new information technology segment that is the second largest business serving the federal IT sector. GD said it expects the deal to be accretive to its earnings per share and free cash flow in […]

iStock Cyber Lock

Cowen Report: Budget Flexibility, Sector Consolidation Improving Outlook For Defense IT Industry

Department of Defense information technology (IT) partners are poised for improved revenue pick-ups in FY ’18 and FY ’19 due to more flexible budgeting for cyber and cloud projects and a greater embrace of sector consolidation, according to a new report from financial firm Cowen [COWN]. The latest defense industry outlook report from Cowen, released […]

iStock Computer

GD Nabs Potential $629 Million Contract To Provide IT Support For DHS

General Dynamics [GD] won a potential six-year, $628.6 million task order from the General Services Administration (GSA) to provide information technology (IT) support related to the Department of Homeland Security’s headquarters campus at the former St. Elizabeth’s hospital in Washington, D.C. GD’s One Source joint venture between its IT and Mission Systems businesses was the […]

The KC-46 tanker. (Boeing photo)

Boeing Restructuring Defense Segment To Align With Strategy

Boeing [BA] is reorganizing its defense segment by adding two new divisions and eliminating another to better align with its market strategy, according to a company spokesman. The two new divisions, Commercial Derivative Aircraft and Missile and Weapon Systems, will report directly to Leanne Caret, CEO of Boeing Defense, Space & Security, Todd Blecher, a […]