L3Harris Technologies [LHX] last Friday posted a slight decline in third quarter earnings due to higher taxes and sales edged up despite headwinds from the coronavirus and the sale of a business unit. Net income fell a percent to $430 million, $1.98 earnings per share (EPS), from $435 million ($1 ...
Business/Financial
The private equity firm Arlington Capital Partners on Thursday said it has formed a new defense company, BlueHalo, through the acquisition of five other defense companies. On its website, BlueHalo says it is “purpose-built” to provide capabilities in space superiority, directed energy, missile ...
General Atomics on Wednesday said it has acquired Guidestar Optical Systems, Inc., a developer of advanced optical solutions in challenging environments. Terms of the deal were not disclosed. Guidestar, based in Longmont, Colo., develops adaptive optics for free space laser communications, ...
Space solutions company Redwire on Thursday said it has acquired Roccor, a designer and manufacturer of subsystems and products for small satellites, giving the company a portfolio of new capabilities. Terms of the deal were not disclosed. Redwire, which has close to 300 employees following the ...
Parsons Corp. [PSN] on Thursday said it has agreed to acquire Braxton Science & Technology Group (BSTG) for $300 million in a deal that expands its capabilities in the growing market for space technology. The value of the deal, which is expected to close during the fourth quarter of 2020, is ...
Boeing [BA] on Wednesday reported a third quarter loss primarily due to declines in its commercial aircraft and services businesses stemming from the ongoing pandemic, but the bleeding also seeped into its defense business where operating profits also dropped. The net loss in the quarter was $466 ...