Business/Financial
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Business/FinancialProvidence Equity To Acquire SRA For $1.9 Billion
By Calvin Biesecker The private equity firm Providence Equity Partners on Friday said it has agreed to acquire the government information technology (IT) and services firm SRA International [SRX] for […]
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Air ForceAir Force Extends NETCENTS Contract Two Years
The Air Force has extended for two years its network information technology (IT) contract with its eight prime contractors as it continues to piece together a follow-on to the NETCENTS […]
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Business/Financial
API Technologies To Purchase Spectrum Control
API Technologies [ATNY] yesterday said it has agreed to acquire Spectrum Control [SPEC], a provider of custom industrial products and electronic solutions for the global defense, aerospace, industrial and medical […]
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Business/Financial
Raytheon Boosts Annual Dividend
Raytheon [RTN] yesterday said it is increasing its annual dividend payment by 15 percent to $1.72 per share, the seventh straight year the company has boosted its dividend. The quarterly […]
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Business/Financial
SAIC Plans ‘Bolder’ Acquisitions Amid Market Changes, Havenstein Says
By Calvin Biesecker SAIC [SAI] is taking a more aggressive approach to acquisitions as market growth concentrates in certain areas and other companies divest assets to reshape their businesses, creating […]
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Business/Financial
BAE Completes Acquisition of Cyber And Intelligence ETI A/S
Britain’s BAE Systems yesterday completed its acquisition of Denmark’s ETI A/S for $223.4 million, expanding its products and services in the areas of cyber and intelligence. BAE first announced the […]
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Business/Financial
Northrop Grumman Nabs Potential $1.1 Billion Award For DHS Classified Networks
By Calvin Biesecker Northrop Grumman [NOC] yesterday said it has received a potential seven year, $1.1 billion task order from the General Services Administration to continue operating a secure data […]
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Business/Financial
Teledyne Acquires Majority Stake In Small IR Camera Firm
Seeking to bolster its offerings and capabilities in the infrared (IR) camera space, Teledyne Technologies [TDY] on Friday said it has acquired a majority interest in Nova Sensors, which designs […]
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Business/Financial
Kratos Closes In On Acquisition of Herley
Kratos Defense & Security Solutions [KTOS] this week said the waiting period required under the Hart-Scott-Rodino Antitrust Act with respect to its pending acquisition of Herley Industries [HRLY] has expired, […]
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Business/Financial
Northrop Grumman Approves Spin-off of Shipbuilding Business Pending SEC Approval
By Calvin Biesecker Northrop Grumman [NOC] yesterday said its board of directors has approved the spin-off of its shipbuilding operations to company stockholders subject to final approval from the Securities […]