International
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Business/FinancialElbit America Completes $380 Million Acquisition Of Sparton
Elbit Systems of America on Tuesday said it has completed its $380 million acquisition of Sparton Corp. in a deal that expands its work on naval systems. The acquisition also […]
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Homeland SecurityCoast Guard National Security Cutter To Patrol With Navy’s Sixth Fleet
The Coast Guard Legend-class National Security Cutter Hamilton last Thursday left Puerto Rico escorting service’s first two Fast Response Cutters (FRCs) that are headed to Manama, Bahrain in support of […]
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InternationalLockheed Martin Wins $610 Million Contract For Phase II Of Saudi Arabia THAAD Sale
The Missile Defense Agency (MDA) awarded Lockheed Martin [LMT] a $610 million contract for Phase II work under a Foreign Military Sale to continue efforts in a sale of the […]
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Business/FinancialElbit Acquires BAE’s Rokar GPS Solutions Business
Israel’s Elbit Systems [ELST] on Thursday said it has acquired Rokar International from BAE Systems, Inc. for $31 million, pulling in a key supplier of GPS receivers and guidance systems […]
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Business/FinancialCubic Accepts Revised Private Equity Offer Despite Higher Bid From ST Engineering
A day after Singapore’s ST Engineering increased its bid for Cubic Corp. [CUB], the California based transportation and defense contractor on Wednesday said accepted a revised, but still lower, offer […]
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InternationalL3Harris Looks for Viper Shield Flight Testing and Production Contract Award Next Year
L3Harris [LHX], Lockheed Martin [LMT], and the U.S. Air Force are collaborating to flight test the L3Harris AN/ALQ-254 Viper Shield electronic warfare (EW) suite on new F-16 fighter aircraft late […]
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InternationalBlinken Says Effective Nuclear Deterrence, Military Readiness Part Of Improving Alliances
U.S. Secretary of State Anthony Blinken on Wednesday said that the U.S. and its allies must strengthen their militaries, improve readiness and maintain an effective nuclear deterrent as part of […]
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Business/FinancialLeonardo Postpones Public Offering For U.S. Business DRS
Citing “adverse market conditions,” Italian aerospace and defense contractor Leonardo on Wednesday postponed plans to take its U.S.-based Leonardo DRS subsidiary public, just more than a week after announcing it […]
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Business/FinancialToshiba Invests In Counter-Drone Company Fortem; Form Strategic Alliance
Fortem Technologies on Tuesday said it has received a $15 million investment from Japan’s Toshiba Corp. that will allow it to quickly scale and meet demand for increased production of […]
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Business/FinancialPrivate Equity Firm Agilitas Acquires TenCate Advanced Armour
Agilitas Private Equity, which is based in London, last week closed its acquisition of TenCate Advanced Armour Holding (TCAA) from Royal TenCate. Terms of the deal, which was first announced […]