Business/Financial
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Business/FinancialVeritas Stays Busy, Teams With Evergreen To Acquire Cubic In $2.8 Billion Deal
Cubic Corp. [CUB] on Monday said it has entered into an agreement with the private equity firms Veritas Capital and Evergreen Coast Capital to be acquired for $70 per share […]
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Business/FinancialFollowing Northrop Grumman Deal, Peraton Realigns Operating Structure
Peraton on Thursday said it has aligned its organization around four new business sectors and added new members to its executive leadership team following the acquisition last week of the […]
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Business/FinancialAEI Merges Portfolio Companies NuWave, PCI To Scale-Up Data Analytics Platform
The private equity firm AE Industrial Partners (AEI) on Tuesday said it has merged two of its data analytics and advanced information technology portfolio companies, NuWave Solutions and PCI Strategic […]
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Missile DefenseLockheed Martin Confident in SPY-7 Progress and Performance; Offers alternative for DDG Backfit
Lockheed Martin [LMT] is pushing full steam ahead on its scalable AN/SPY-7 S-band gallium nitride-based radar in four countries and boasted its superiority to the Raytheon Technologies [RTX] AN/SPY-6 radar […]
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Business/FinancialGeneral Atomics Acquires Small Space Systems Company Tiger Innovations
General Atomics on Monday said it has acquired Tiger Innovations, a small company focused on satellite systems and related support equipment. Terms of the deal were not disclosed. Tiger Innovations, […]
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Business/FinancialVeritas Completes $3.4 Billion Acquisition Of Northrop Grumman’s IT Business
Veritas Capital on Monday said it has completed its $3.4 billion acquisition of Northrop Grumman’s [NOC] government information technology (IT) services business, which will be combined with its portfolio company […]
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Business/FinancialEaton To Acquire Cobham’s Mission Systems Business For $2.8 Billion
Eaton [ETN] on Monday said it has agreed to acquire the Mission Systems business of Britain’s Cobham for $2.8 billion, a deal it said boosts its defense business and adds […]
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Business/FinancialCOVID Dampens L3Harris’ Top And Bottom Lines But Cash Generation Strong
L3Harris Technologies [LHX] last Friday posted lower sales and a steep drop in earnings in its fourth quarter due to impacts from divestitures and the ongoing COVID-19 pandemic on commercial […]
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Business/Financial
L3Harris Boosts Dividend, Authorizes $6 Billion Share Repurchase Program
L3Harris Technologies [LHX] on Thursday said its board has approved a 20 percent increase in its quarterly cash dividend and authorized a new $6 billion share repurchase program, demonstrating confidence […]
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Business/FinancialAEI To Build Out Unmanned Tech Platform Starting With UAV Factory Acquisition
AE Industrial Partners (AEI), which last year began building out a new space technology company through a series of acquisitions of small companies, on Thursday said it will be doing […]