Business/Financial
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Business/FinancialRheinmetall To Hold Majority Stake In New U.K. Military Vehicle Venture With BAE Systems
German manufacturer Rheinmetall is set to hold a majority stake in BAE Systems’ U.K. military vehicle business pending approval of a new joint venture, the two companies said Monday. The […]
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Business/FinancialArconic Decides Against Sale Of Business
After a year-long review of its strategic alternatives and no satisfactory offers, lightweight metals supplier Arconic [ARNC] on Tuesday said it will not sell the business. “Together with management, we […]
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Homeland SecurityDHS Procurement Chief Says Business ‘Limited’ During Shutdown
Work with the Department of Homeland Security during the nearly month-long lapse in appropriations “is limited,” the department’s senior procurement official said on Thursday. Responding to industry inquires since the […]
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Business/FinancialHuntington Ingalls Bolstering Government Services Business With Fulcrum Acquisition
Huntington Ingalls Industries [HII] on Friday said it has agreed to acquire Fulcrum IT Services in a deal that will strengthen and expand its capabilities in several key areas and […]
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Business/FinancialCulmen International Acquires Data Analytics Company Centrifuge Systems
Culmen International on Tuesday said it has acquired Centrifuge Systems, adding capabilities in data integration and visualization software. Terms of the deal were not disclosed. Combined with Centrifuge, Culmen has […]
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Business/FinancialBoeing HorizonX Leads Investment In SatCom Firm Isotropic Systems
Boeing [BA] on Wednesday said its HorizonX venture arm has invested in Isotropic Systems, a startup that is developing satellite user terminals for low-cost broadband connectivity. London-based Isotropic said HorizonX […]
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CongressHAC-D Member Calvert Selected as New Ranking Member
Rep. Ken Calvert (R-Calif.) will be ranking member for the House Appropriations Defense Subcommittee (HAC-D) for the 116th Congress, his office said Tuesday. Calvert has served in the House since […]
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Business/FinancialSAIC Closes $2.5 Billion Deal For Engility
After the close of the stock markets on Monday, Science Applications International Corp. [SAIC] said it has completed its $2.5 billion stock acquisition of Engility, creating a $6.5 billion company […]
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Business/FinancialTSA Delays Source Selection For Advanced Checkpoint Scanners
Until President Trump finds a resolution to his $5.7 billion demand for border wall funds, the Transportation Security Administration has essentially put on hold its acquisition plans for advanced systems […]
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Business/FinancialBrazil Approves Boeing, Embraer Joint Ventures
Brazil’s government on Thursday approved joint ventures between Boeing [BA] and Embraer [ERJ], the country’s aerospace and defense company, a strategic partnership that will give the U.S. aerospace giant a […]