Sign In
Search
Business/Financial

BAE SYSTEMS Acquiring Services Provider MTC Technologies

DDN
SHARE:

Britain's BAE SYSTEMS last month said it has agreed to acquire MTC Technologies, Inc., [MTCT] in a $450 million deal that gives it access to new customers in the Defense Department for technical solutions and services. BAE will pay $24 in cash for each share of MTC's common stock and assume net debt of $81 million. The deal is expected to close in the first half of this year pending approval by regulators and MTC's shareholders. MTC, which is based…

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

Apex Raises $200 Million To Boost Hiring And Vertical Integration

Business/Financial

Pentagon Loaning $500 Million To Rare Earth Element Processing Company For Expansion

Business/Financial

Bullfrog Counter-Drone Developer Allen Control Systems Raises $200 Million

Business/Financial

Kongsberg Completes Acquisition Of Zone 5 Technologies

Trending

Space Force Looking Into Architecture For Epoch 3 And Epoch 4
More Than 20 Companies In The Running For CCA, Increment 2, Air Force Says
Proposed Elimination of SDA And Space RCO Faces Opposition
SASC Approves $1.14 Trillion FY ‘27 NDAA With ‘Right to Repair’ Reform, Stock Buyback Restriction
Defense Watch: FORGE, Cloud Contract, Another Super Hornet Lost, AFC/TRADOC Merger Name, TOC-L Protest

Congress Updates

Congress

Kaine On Iranian Girls School Strike: “You Can Be Sure We’re Gonna Get The Answer To That One”

Sen. Timothy Kaine (D-Va.), the ranking member of the Senate Armed Services Committee (SASC) seapower panel, pledged on Tuesday that the Senate will get to the bottom of what happened […]

Congress

‘Right To Repair’ Reform In SASC’s FY ‘27 NDAA Sets “Government-Purpose Rights’ As Default

The “Right to Repair” provision secured in the Senate Armed Services Committee’s (SASC) version of the next defense policy bill would establish “government-purpose rights”  as a default, requiring defense contractors […]

Advanced / Transformational Technology

Pentagon May Make ‘Tradeoffs’ For Low-Cost Autonomous Tech Without Reconciliation Funds, CTO Says

The Pentagon’s chief technology officer has said the department may need to make “tradeoffs” on certain capability priorities if Congress doesn’t pass a reconciliation with $350 billion in requested defense […]

Congress

SASC’s FY ‘27 NDAA Sticks With Army’s Plan For Legacy Aviation Procurement Cuts

The Senate Armed Services Committee’s (SASC) version of the next defense policy sticks to the Army’s proposed plan to cut procurement of its legacy aviation fleet, and does not authorize […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume