The private equity firm AE Industrial Partners (AEI) on Tuesday said it has agreed to acquire a majority share of the spacecraft company York Space Systems, which has a prime contracting role in building satellites for Space Development Agency’s (SDA) Space Transport Layer. Terms of the deal were ...
Business/Financial
Virginia-based HawkEye 360 plans to have 60 satellites–20 clusters of three satellites–on orbit by 2025, Alex Fox, the company’s chief growth officer, said this week. The company said that the 20 clusters will have a global revisit rate of 12 to 20 minutes, as opposed to the 90 ...
The National Nuclear Security Administration planned to start work on a competition for a pair of new contracts to manage its main nuclear-weapon sites in 2023 and 2024, the agency said Monday. In the meantime, Oct. 1 marked the official start of big-money extensions to Consolidated Nuclear ...
Britain’s QinetiQ Group plc on Monday said it has agreed to acquire Air Affairs Australia Pty Ltd., an Australian based defense services company, and also has reached a deal to sell its Belgium-based commercial space business to Redwire Corp. [RDW], building its presence in Europe. Both deals are ...
Close on the heels of The Carlyle Group’s $4.2 billion acquisition of ManTech in mid-September, the company said on Monday that President and CEO Kevin Phillips will retire and transition to chairman of the board and be succeed by Matt Tait as the new president and CEO, effective immediately. ...
Ukraine’s demands for weapons since Russia’s Feb. 24 assault may point to the need for the United States and its allies to invest in diverse production lines and ramping up capacity for producing air-to-air missiles and energetics for munitions, a U.S. Air Force official said on Sept. ...