Recent Posts

Exelis Shareholders OK Harris’ Acquisition Offer, DOJ Clears Transaction

FalconRadio

Harris Corp.’s (NYSE: HRS) pending acquisition of Exelis (NYSE: XLS) for almost $4.75 billion in cash and stock has moved forward after Exelis’ shareholders voted to approve the transaction and the Justice Department cleared the deal under antitrust law. Exelis said Friday both companies expect the transaction to close May 29, pending other closing ...

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Vectrus Systems Gets $160M Army Contract Modification for SW Asia Support

Vectrus

Vectrus Systems, a subsidiary of Exelis (NYSE: XLS) spinoff company Vectrus (NYSE: VEC), will provide operations and maintenance support for the U.S. Army‘s communications equipment and information systems under a $160.2 million contract modification. The Defense Department said Thursday Vectrus will support the Army Network Enterprise Technology Command‘s 160th Signal Brigade and ...

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State Dept Clears $2B in Saudi MH-60R Helicopter, Turkey Phalanx Gun System Sales

Helicopter Radar

The State Department has approved approximately $2.2 billion in requests from Saudi Arabia and Turkey to purchase military equipment from the U.S. under foreign military sales agreements. Saudi Arabia has asked the U.S. for $1.9 billion in MH-60R multimission helicopters, equipment and logistics services in a transaction that sees Sikorsky Aircraft and Lockheed Martin ...

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US Army Awards $196M Facility Repair Contract to 11 Firms

NavyConstruction

Eleven companies have won positions on a five-year, $196 million U.S. Army contract to repair abandoned government facilities and failed equipment throughout and outside the U.S. Contractors will perform design-build construction work in the District of Columbia, Alaska, Hawaii, Guam, Puerto Rico, Japan and South Korea through May 18, 2020, the Defense Department said Wednesday. ...

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