AE Industrial Partners has purchased Washington, D.C.-based technical and defense engineering services contractor Gryphon Technologies for an undisclosed amount. The Boca Raton, Fla.-based private equity firm said Thursday it will integrate Gryphon with the government services subsidiary of its portfolio company CDI. Gryphon provides services across defense platforms and integration, marine engineering …

AE Industrial Partners has acquired AC&A, a manufacturer of composite and metallic parts and tooling for the aerospace, defense, space and automotive markets. The private investment firm said Thursday the deal follows AEI’s purchase of Belcan, an engineering project management and technical staffing company,  and Kellstrom Materials, a parts support and supply chain management provider …

New York-based private equity firm American Industrial Partners has agreed to buy Vertex Aerospace business from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction includes the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace systems segment and both companies …

TYSONS CORNER, VA, June 14, 2017 — Michael Niggel, CEO of Advanced Concepts and Technologies International, was a presenter at the National Defense Industrial Association’s 9th Defense Industrial Discussions event where he discussed the company’s cybersecurity efforts, GovCon Executive reported Friday. ACT I said Niggel provided insights into cyber initiatives such as …

A new PwC report says the value of merger and acquisition deals in the global aerospace and defense industry reached $24.2 billion during the first half of 2018, a figure that reflects a 30 percent rise over the same period last year. PwC said the number of M&A transactions in the A&D sector dropped by 17 …

New York-based investment firm American Industrial Partners has closed its purchase of Vertex Aerospace businesses from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction initially announced in May is subject to customary adjustments and covers the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace …

A new PwC report says the aerospace and defense sector recorded $728 billion in 2017 revenue, reflecting a 4 percent increase from the previous year. PwC reported that A&D companies posted a combined operating profit of $77 billion in 2017 with an on operating margin of 10.6 percent, up from 9.3 percent in …

Christopher Kubasik, president and CEO of L3 Technologies (NYSE: LLL), has succeeded Michael Strianese as chairman of the New York City-based defense contractor’s board of directors. Kubasik said in a statement released Monday he will continue to work with L3’s board and management team to implement business transformation and growth efforts. He …

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector hit $15 billion in the first quarter of fiscal 2018, reflecting a 28 percent increase over the previous quarter and a 19 percent rise from the same period last year. PwC reported that global …

Neil Albert, formerly president and CEO of McLean, Virginia-based professional services contractor MCR, has joined Advanced Concepts and Technologies International as president. Albert will be responsible for the Arlington, Virginia-based government acquisition support services provider’s business development, growth strategy and financial performance in his new role, ACT I said Tuesday. ACT I …