Business/Financial
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Business/FinancialUTC Notches Strong First Quarter, Raises Earnings Guidance For Year
By Calvin Biesecker United Technologies Corp. [UTX] yesterday opened its fiscal year on a high note, posting double-digit earnings and sales gains and the diversified industrial firm raised its earnings […]
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Business/Financial
Morpho Detection To Acquire Technology Development Firm Syagen
By Calvin Biesecker Morpho Detection yesterday said it has agreed to acquire Syagen Technology, Inc., a company with expertise in developing mass spectrometry-based technologies for security applications. Terms of the […]
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Business/Financial
Obama’s Call For $400 Billion In DoD Cuts Spurs Skepticism, Praise On Hill
By Emelie Rutherford President Barack Obama’s call yesterday to cut $400 billion in defense spending by 2023 after reassessing the role of the U.S. military has generated skepticism among some […]
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Business/Financial
Curtiss-Wright Completes Deal For BASF’s Surface Technologies Unit
Curtiss-Wright Corp. [CW] this week said it has completed its acquisition of the assets of German chemical manufacturer BASF Corp.‘s Surface Technologies business, expanding its capabilities in coatings technology. Terms […]
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Business/Financial
Marinette Marine Gets $22 Million Award For More Response Boat-Mediums
The Coast Guard has awarded Marinette Marine a $21.9 million contract for 10 additional Response Boat-Medium (RB-M) craft slated to begin delivery in the fourth quarter of 2012. So far […]
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Business/Financial
Curtiss-Wright Acquires Ground Support Vehicle Supplier
Curtiss-Wright Corp. [CW] this week said it has acquired Britain-based Douglas Equipment Ltd., a supplier of ground support vehicles to defense and commercial aviation markets, for $20 million in cash. […]
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Business/Financial
GTEC Changes Name To Sotera Defense Solutions
In conjunction with the closing of its acquisition of Global Defense Technology & Systems (GTEC) yesterday, the private equity firm Ares Management has changed the name of the company to […]
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Business/Financial
Lockheed Martin Completes Sale of PAE Unit To Private Equity Firm
Lockheed Martin [LMT] yesterday said that it has completed the divestiture of its Pacific Architects and Engineers (PAE) business unit to the private equity firm Lindsay Goldberg, LLC. Terms of […]
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Business/Financial
Private Equity Firm Completes Purchase of GTEC
Global Defense Technology & Systems yesterday said that the private equity firm Ares Management LLC completed the tender offer for its common stock, the last hurdle before closing the acquisition. […]
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Business/Financial
Ducommun To Acquire LaBarge, Expanding Capabilities And Customer Base
By Calvin Biesecker Ducommun Inc. [DCO], a provider of aero structures and electromechanical assemblies for the aerospace and defense industry, yesterday said it has agreed to acquire LaBarge, Inc. [LB], […]