Business/Financial
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Business/FinancialMerlin Labs Raises $105 Million In New Funding Round; Announces Work On C-130J
Autonomous flight technology developer Merlin Labs on Wednesday said that company has raised $105 million in new funding as it continues to build out its three phased—crawl, walk, run—approach to […]
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Advanced / Transformational TechnologyBooz Allen Creates Venture Arm With $100 Million Backing
Booz Allen Hamilton [BAH] on Wednesday launched a $100 million venture capital fund that will invest in early-stage companies with strategic dual-use commercial technologies that can benefit the company’s customers […]
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Business/FinancialInvestment Consortium To Acquire Government Consulting Firm LMI
The government consulting firm LMI on Tuesday said it has agreed to sell its for-profit-subsidiary, which will retain the LMI name, to an investment consortium that will focus on positioning […]
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Business/FinancialAerojet Rocketdyne To Pay $9 Million To Resolve Cybersecurity Violations In Contracts
The Department of Justice last Friday said that aerospace and defense contractor Aerojet Rocketdyne [AJRD] has agreed to pay $9 million in penalties to resolve allegations that the company misrepresented […]
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Business/FinancialSafran Acquires PNT Solutions Provider Orolia
France’s Safran Group last Friday said it has acquired Orolia, a provider of resilient positioning, navigation and timing (PNT) solutions for aerospace, defense, space and various other critical infrastructure markets. […]
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Business/FinancialL3Harris Takes Minority Stake In German Laser Communications Company Mynaric
Germany’s Mynaric [MYNA] on Wednesday said that L3Harris Technologies [LHX] has invested $11.6 million for a 7.2 percent stake in the company and makes Mynaric a preferred supplier of laser […]
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SpaceNorway’s Kongsberg to Acquire Smallsat Manufacturer NanoAvionics
Norwegian company Kongsberg Defence & Aerospace is acquiring smallsat manufacturer NanoAvionics under a deal announced Tuesday, valuing NanoAvionics at 65 million euros ($67 million). Kongsberg will acquire 77% of the company, and […]
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Business/FinancialVectrus, Vertex Complete Combination Into V2X
Vectrus Inc. and The Vertex Company have completed their merger, creating the new $3.4 billion defense services company V2X [VEC], the company said on Tuesday. V2X will be led by […]
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Business/FinancialDrake’s Faction Wins All Aerojet Rocketdyne Board Seats
Aerojet Rocketdyne [AJRD] President and CEO Eileen Drake won her bitterly contested proxy battle with the company’s dissident executive chairman, Warren Lichtenstein, after shareholders on Thursday voted in favor of […]
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Business/FinancialJustice Department Sues To Block Booz Allen’s Acquisition Of EverWatch
The Department of Justice on Wednesday said it is moving to block Booz Allen Hamilton’s [BAH] proposed acquisition of the software and analytics company EverWatch, alleging the deal would eliminate […]
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