Business/Financial
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Business/FinancialHoneywell To Acquire CAES For $1.9 Billion From Private Equity Firm
Honeywell [HON] on Thursday said it has agreed to acquire CAES Systems Holdings from the private equity firm Advent International for $1.9 billion in cash in a deal that strengthens […]
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CongressGAO: DoD Backing of ‘Innovation’ and Fast Fielding Yet to Pay Dividends
While the Pentagon has backed innovative approaches, such as Middle Tier of Acquisition (MTA) and commercial paths, to help speed fielding, the DoD efforts thus far are insufficient, the Government […]
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Unmanned SystemsAnduril Nabs Small Navy AUV Production Contract; Plans New Production Facility
Anduril Industries on Monday said it has received an $18.6 million contract from the Navy to build five of its Dive autonomous underwater vehicles (AUVs) for a prototyping effort and […]
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Advanced / Transformational TechnologyMerlin To Acquire EpiSci In Hookup Of AI Pilot Startups To Offer Complete Solution
Merlin on Thursday said it has agreed to acquire fellow startup EpiSci in a deal that would combine complementary autonomous capabilities to offer a full-stack solution for artificial intelligence-piloted military […]
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Business/FinancialAARP Files Lawsuit Alleging Age Discrimination In Hiring At RTX
The charitable group affiliated with AARP on Tuesday filed a lawsuit alleging RTX [RTX] discriminated against older workers in hiring. The AARP Foundation claims RTX’s hiring practices “exclusively” targeted recent […]
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Business/FinancialGeneral Dynamics Electric Boat Files Lawsuit in Submarine Case
General Dynamics [GD] Electric Boat has filed a lawsuit in Florida federal court against a retired welder and his wife–Mickey and Joanne Skobic–who worked at a Jacksonville company, Nuflo, Inc., […]
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Business/FinancialBooz Allen Acquires Defense Technology Company PAR Government
Booz Allen Hamilton [BAH] on Monday said it has acquired PAR Government Systems Corporation (PGSC) in a deal that will provide more defense technology solutions to the tactical edge. PGSC […]
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Business/FinancialAnduril Investing $75 Million To Boost Solid Rocket Motor Production
Anduril Industries on Monday said it is investing more than $75 million in its Mississippi-based solid rocket motor (SRM) facility to dramatically expand production to meet increasing demand for the […]
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Business/FinancialTransDigm Completes $1.4 Billion Acquisition Of CPI’s Electron Device Business
TransDigm Group Inc. [TDG] last week said it has completed its $1.4 billion cash acquisition of Communications & Power Industries’ (CPI) Electron Device business, which manufactures electronic components and subsystems […]
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Business/FinancialNorthrop Grumman Signs Long-Term Supply Agreement For Explosive Powder
Northrop Grumman [NOC] last Friday said it has signed a 15-year agreement with Norwegian chemical company Chemring Nobel AS for high-energy, explosive powder used in warhead production, locking in long-term […]
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