The Department of Justice last Thursday evening agreed to the pending merger between United Technologies Corp. [UTX] and Raytheon [RTN] with one final caveat, that UTC divest its space-based optical business for reconnaissance satellites. The merger settlement also requires Raytheon sell its ...
Business/Financial
Lockheed Martin [LMT] last Friday announced a number of initial steps it is taking to help the nation and its local communities in response to the coronavirus pandemic, including making advanced payments to its small and medium-size suppliers and offering technical help to government officials at ...
The spreading global pandemic so far has had “minimal impact” on the operations of Science Applications International Corp. [SAIC] due to the company’s readiness plans as well as the nature of its government work, Nazzic Keene, SAIC’s CEO, said Thursday evening. “Due to the nature of our ...
Raytheon [RTN] on Thursday said it has agreed to a $1 billion strategic sourcing agreement with Aerojet Rocketdyne [AJRD] for the supply of propulsion systems for Standard Missile (SM) programs over the next five years, a deal that replaces an annual contract. Raytheon said the multi-year ...
CGI Inc. [GIB] on Wednesday said it has agreed to acquire TeraThink, a provider of information technology services to the U.S. federal government. Terms of the deal, which is expected to close this month, were not disclosed. TeraThink, which is based in Northern Virginia, has more than 250 ...
The Defense Department has created a new tool to keep tabs on the health of the defense industry supply chain during the COVID-19 pandemic and has established a portal to share information with industry and get updates on operating status of companies, Pentagon officials said on Wednesday. The ...
