Business/Financial
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Business/FinancialPrivate Equity Firm Thoma Bravo To Acquire Exostar
Exostar, a cloud platform provider for business-to-business collaboration for aerospace, defense and other industries, on Tuesday said it has agreed to be acquired by the private equity firm Thoma Bravo. […]
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Business/FinancialEquity Firm Launches Consolidated Space Technology Platform Following New Company Acquisitions
AE Industrial Partners, (AEI) a private equity firm dealing in the aerospace, defense and government services markets, announced June 1 that it will form a new space-focused platform following two […]
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COVID-19DoD Uses CARES Act Funds to Support Space Defense Industrial Base
The Defense Department awarded two contracts to space-related manufacturing companies under the Defense Production Act that will help sustain the need for critical parts through the COVID-19 pandemic. The department […]
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Business/FinancialIndustry Leaders: Increasing Automation Will Be a ‘Force Multiplier’ for Defense Sector
The manufacturing and production industry’s pivot to increasing automation in its facilities is not new, but embracing this way of building products will be essential to companies’ success in the […]
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Business/FinancialJustice Department Requires CPI To Divest Antenna Business To Acquire GD’s SatCom Unit
The Justice Department on Thursday said that it is requiring Communications and Power Industries LLC (CPI) to divest its ASC Signal Division for the company to proceed with its planned […]
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Business/FinancialBoeing Begins Involuntary Layoffs, with Minimal Impact to Defense Sector
Boeing [BA] is sending involuntary layoff notifications to over 6,700 U.S. employees as the company plans to lower its total headcount by 10 percent due to the impact of the […]
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Business/FinancialOutlook For F-35 Growth Remains Bright, Hewson Says
Over the next few years at least, Lockheed Martin [LMT] continues to expect to increase sales on its F-35 fighter program through growing production, development and sustainment activities, Lockheed Martin’s […]
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Business/FinancialLockheed Martin to Slow F-35 Deliveries Due to COVID-19-Related Supplier Delays
Lockheed Martin [LMT] revealed May 19 that it is slowing production of the F-35 Joint Strike Fighter in a move that could impact up to 25 aircraft, as a “proactive” […]
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Business/FinancialAfter Corrective Action, CBP Awards $1.3 Billion Aircraft Maintenance Contract To PAE
PAE last Friday was awarded a potential $1.3 billion contract by Customs and Border Protection (CBP) for aircraft maintenance and logistics services, maintaining its incumbency on a program after DynCorp […]
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Business/FinancialL3Harris Completes Sale Of Instrumentation Business Unit
Adaptas Solutions, LLC on Tuesday said it has completed the acquisition of the Applied Kilovolts and Analytical Instrumentation from L3Harris Technologies [LHX], expanding its mass spectrometer component product offering and […]
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