Business/Financial
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Business/FinancialNorthrop Grumman Takes $900 Million CBP Contract For P-3 Support
Customs and Border Protection (CBP) last Friday awarded Northrop Grumman [NOC] a potential $896.1 million contract to provide maintenance and logistical support services for its P-3 surveillance aircraft Lockheed Martin […]
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Business/FinancialSAIC Posts Higher Sales But Earnings Fall On Acquisition, COVID Costs
Science Applications International Corp. [SAIC] last Thursday after the markets closed reported higher first quarter sales driven mainly by its recent acquisition of the federal division of Unisys [UIS] but […]
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Business/FinancialCPI Completes Purchase Of GD SATCOM Technologies
Communications & Power Industries (CPI) has completed its purchase of SATCOM Technologies, the antenna systems business of General Dynamics [GD]. The Friday announcement came a week after the Department of […]
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Business/FinancialGeneral Atomics Acquires Employees, Assets Of Sensor Control Company IJK Controls
General Atomics on Thursday said its Aeronautical Systems division has acquired the workforce and most assets of IJK Controls, a small business that develops and provides solutions for stabilizing, pointing […]
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Business/FinancialPrivate Equity Firm Thoma Bravo To Acquire Exostar
Exostar, a cloud platform provider for business-to-business collaboration for aerospace, defense and other industries, on Tuesday said it has agreed to be acquired by the private equity firm Thoma Bravo. […]
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Business/FinancialEquity Firm Launches Consolidated Space Technology Platform Following New Company Acquisitions
AE Industrial Partners, (AEI) a private equity firm dealing in the aerospace, defense and government services markets, announced June 1 that it will form a new space-focused platform following two […]
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COVID-19DoD Uses CARES Act Funds to Support Space Defense Industrial Base
The Defense Department awarded two contracts to space-related manufacturing companies under the Defense Production Act that will help sustain the need for critical parts through the COVID-19 pandemic. The department […]
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Business/FinancialIndustry Leaders: Increasing Automation Will Be a ‘Force Multiplier’ for Defense Sector
The manufacturing and production industry’s pivot to increasing automation in its facilities is not new, but embracing this way of building products will be essential to companies’ success in the […]
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Business/FinancialJustice Department Requires CPI To Divest Antenna Business To Acquire GD’s SatCom Unit
The Justice Department on Thursday said that it is requiring Communications and Power Industries LLC (CPI) to divest its ASC Signal Division for the company to proceed with its planned […]
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Business/FinancialBoeing Begins Involuntary Layoffs, with Minimal Impact to Defense Sector
Boeing [BA] is sending involuntary layoff notifications to over 6,700 U.S. employees as the company plans to lower its total headcount by 10 percent due to the impact of the […]
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