Business/Financial
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Business/FinancialConsulting Firm LMI Expands Intelligence Community Business With Acquisition
The government consulting firm LMI on Thursday said it has acquired the consulting firm FourWinds Limited Company in a deal that expands its offerings to the intelligence community and nearly […]
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Business/FinancialTextron To Take Restructuring Charge, Stop Production Of Sensor Fuzed Weapon
Textron [TXT] on Tuesday said in a regulatory filing that it expects to take upward of $140 million in pre-tax restructuring charges in large part due to a decision to […]
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Business/FinancialSaab Acquires Belgian Software Firm Serving Port And Terminal Operating Systems
Sweden’s Saab on Wednesday said it has acquired the Belgian company Phaeros Group, which provides software applications for port management and communications, in line with its strategy to grow its […]
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Business/FinancialCoast Guard Awards Huntington Ingalls Long-Lead Contract For NSC-9
The Coast Guard on Tuesday awarded Huntington Ingalls Industries [HII] an $88.2 million contract to purchase long-lead materials for construction of the ninth National Security Cutter, one ship beyond the […]
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Business/FinancialLogRythm Cybersecurity Company Completed $50 Million Round In New Financing
LogRythm, a Colorado-based cybersecurity company, closed a $50 million round of new financing led by existing investor Riverwood Capital, the company said Tuesday. The funding also includes participation by Adams […]
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Business/FinancialSRI International Launches Independent Biometric Company
SRI International on Monday said it separated its former identity solutions brand and launched an independent company called Princeton Identity, Inc. that is being funded entirely by Samsung Ventures. Princeton […]
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Business/FinancialSilicon Valley Firm Quanergy Acquires People Tracker Software From Raytheon’s BBN
Quanergy Systems, Inc. on Monday said it has acquired a people tracking software from Raytheon’s [RTN] BBN Technologies business, complementing the company’s three-dimensional sensing software capabilities. Terms of the deal […]
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Business/FinancialHarris Increases Dividend
Harris Corp. [HRS] on Monday increased its quarterly cash dividend, marking the 15th consecutive annual dividend increase for the defense electronics and tactical radio company. The new quarterly dividend is […]
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Business/FinancialJ.F. Lehman To Acquire Defense And Mining Businesses Of Oldenburg Group
The private equity firm J.F. Lehman & Company last week said it has agreed to acquire the Heavy Equipment Group of the equipment and architectural lighting company Oldenburg Group Incorporated, […]
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Air ForceVice Joint Chief Gen. Selva: Military Must Become ‘Educated Consumer’ Of Commercial Tech Without Scaring Away Startups
In order to remain technically relevant in an age when most innovation happens outside the government, the military must become an “educated consumer” of technologies that emerge in the commercial […]