https://govconwire.com/wp-content/uploads/2022/01/eotech-acquires-intevacs-photonics.mp3 Plymouth, Michigan-based optical technology supplier EOTech has bought Intevac ‘s (Nasdaq: IVAC) photonics unit for approximately $100 million in upfront cash and future earnout payments.
Intevac said Monday it also negotiated a six-month transaction service agreement with EOTech and intends to focus on the thin-film equipment market following the sale transaction.
The photonics business offers cameras, digital sensors and other systems intended for defense programs such as the U.S. Army’s Integrated Visual Augmentation System.
EOTech, which makes holographic products, operated as a business unit of L3Harris Technologies (NYSE: LHX) before it was sold to American Holoptics in 2020.
Greenhill and Wilson Sonsini Goodrich & Rosati served as Intevac’s financial adviser and legal counsel on the deal, respectively.
Houlihan Lokey and Bodman respectively provided financial and legal advisory services to EOTech.
Intevac scheduled a conference call Tuesday to further discuss the divestiture.
The combined capabilities of Detroit Defense and Athenix will support operations in complex and contested environments.
Michael LaRouche has begun his tenure as CEO-designate of Trinzic, KBR's planned MTS spinoff set to go public in January…
Iridium stockholders approved the company's acquisition by Rocket Lab, with about 99.6 percent of votes cast in favor of the…
GreyNoise has appointed Joe Lampert, a retired Army major, to lead national security partnerships with defense and intel agencies.
Quantum Sky appointed Samantha Moore, Jessica Merriam and Nicole Gibson to lead business groups organized around federal markets.
USDA has awarded 25 companies spots on a potential five-year, $1 billion BPA for CPOC cybersecurity support.
NASA Goddard has released an RFI to shape GSMO-4 contract and is weighing a shift to firm-fixed-price pricing for mission…
Jonathan Moneymaker served as president of Altamira Technologies and general manager of Boeing's intelligence systems group.
Ericsson Federal has appointed Patrick Gorman, a former Booz Allen executive and intelligence community CIO, as CTO.
The undefinitized award covers test article pods and cybersecurity work for the Navy and the Royal Australian Air Force.
Janes U.S. President Randy Nixon said organizations that ground fusion in verified data can make faster, more informed decisions.
Valiant has booked a five-year, $260 million contract for mission command training and simulation support to Army National Guard units.
You’ve already read all related articles.
VIDEO 
