Sign In
Search
Business/Financial

American Industrial Partners Completes Acquisition Of Vertex Aerospace From L3

Cal Biesecker By
SHARE:
American Industrial Partners Completes Acquisition Of Vertex Aerospace From L3
Chris Kubasik, chairman, president and CEO of L3 Technologies. Photo: 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 competitions last year that L3 said were based on changes in customer behavior toward lower price work.“The sale of Vertex is another positive step that will…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

V2X To Acquire QinetiQ’s Federal IT Services Business

Business/Financial

Umbra Offering Satellite Component Hardware To Space Market

Business/Financial

Rocket Lab Adds Payload Capability With Acquisition Of Geost

Business/Financial

General Atomics Aeronautical Systems Acquires Assets Of Engine Technology Company

Trending

Anduril Receiving Air Force Contract for Rocket Cargo Design Study
X-Bow To Develop Solid Rocket Motor For GMLRS To Bolster Supplier Base
As Space Force Plans Zeroing of Fiscal 2026 Funds for Tranche 3, Transport Layer, Service Plans Sole-Source Award to GD for Ground Segment of Tracking Layer
Allvin Latest Casualty in Involuntary Departures of Top Officers
Space Force Association Warns of ‘Federal Overreach’ That May Result from Executive Order on Commercial Space Launch

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume