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Search Results for: AE Industrial

AE Industrial Partners Buys Defense Engineering Services Firm Gryphon; David Rowe, P.J. Braden Quoted

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 …

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AE Industrial Partners Acquires Composite & Metallic Parts Manufacturer AC&A

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 …

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American Industrial Partners to Buy L3’s Vertex Aerospace Business Through $540M Cash Deal

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 …

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ACT I’s Michael Niggel Talks Cybersecurity as Guest Speaker at NDIA Defense Industrial Discussions

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 …

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Jose Ignacio Garcia to Join Spirit AeroSystems as SVP, CFO

Jose Ignacio Garcia, a two-decade veteran of General Electric (NYSE: GE), has been appointed senior vice president and chief financial officer at aircraft components manufacturer Spirit AeroSystems (NYSE: SPR). His appointment is effective Jan. 9 and he will succeed Sanjay Kapoor, who is due to retire as Spirit AeroSystems CFO in the …

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Vertex Aerospace Wins $97M Contract to Help Manage Air Force T-1A Trainer Fleet

Vertex Aerospace has won a one-year, $97.5M contract from the U.S. Air Force to manage and sustain the base supply of T-1A Jayhawk trainers for the Air Education and Training Command. The company will support 178 T-1As stationed at air bases in Texas, Oklahoma and Mississippi as well as at Pensacola Naval …

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PwC: Aerospace, Defense M&A Deal Value Hit $24.2B in First Half of 2018

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 …

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Christopher Kubasik: L3 to Continue Investment Strategy After Vertex Aerospace Business Sale

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 …

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PwC: Aerospace & Defense Industry Reported $728B in 2017 Revenue

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 …

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