Business/Financial
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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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Business/FinancialLockheed Martin To Take $1.5 Billion Charge After Transferring Pension Obligations
Lockheed Martin [LMT] on Monday said it will take a $1.5 billion non-cash charge when it reports second quarter financial results after purchasing group annuity contracts that will see it […]
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Business/FinancialDrake Faction Touts Backing Of Independent Proxy Advisors Ahead Of Shareholder Meeting
The leading proxy advisory firms that aid institutional investors in voting their shares at annual and special meetings are backing Aerojet Rocketdyne [AJRD] President and CEO Eileen Drake and her […]
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Business/FinancialLeonardo DRS To Acquire Tactical Radar Company RADA, Taking Company Public
Leonardo DRS on Tuesday said it has agreed to acquire Israel’s RADA Electronic Industries [RADA] in an all-stock merger that will strengthen its position in force protection as an integrator […]