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Boeing Closes KLX Purchase; Stan Deal Quoted

Boeing (NYSE: BA) has wrapped up its $3.2B cash acquisition of Florida-based aviation parts and services provider KLX. The transaction is part of Boeing’s aerospace services market push and expands its offerings for defense, business, commercial and general aviation clients, the company said Tuesday. The Chicago-based planemaker first announced the …

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Boeing Reports $2.1B in Government, Commercial Services Orders; Stan Deal Comments

Boeing (NYSE: BA) announced on Monday approximately $2.1 billion worth of services orders, contracts and agreements with government agencies and commercial customers at the Farnborough International Airshow in the U.K. The company said Monday the agreements and orders span across its global services business’ capability areas that include training and professional …

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Stan Deal: Boeing Eyes Pilot Training Portfolio Growth With Buy of Peters Software

Boeing (NYSE: BA) has bought Peters Software for an undisclosed sum to expand Boeing’s commercial airline and private pilot training programs in an effort to help meet a demand for skilled pilots globally. Germany-based Peters Software offers ab-initio instructional flight modules and materials in the European market and has integrated …

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ITT Scores Massive Afghanistan Deal

ITT Corporation (NYSE: ITT) won a pair of contracts from the U.S. Army Corps of Engineers Middle East District to support facilities operations, maintenance and training services for the Afghanistan National Security Forces (ANSF) in Afghanistan. The firm reports that each award is for a one-year base period with options …

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Report: Carlyle Group Close to Sealing StandardAero Acquisition Deal

The Carlyle Group (Nasdaq: CG) is close to finalizing a deal worth more than $5B to buy StandardAero from Veritas Capital, Reuters reported Tuesday. Scottsdale, Ariz.-based StandardAero offers aviation maintenance, repair and overhaul support services to clients in military, general aviation and commercial sectors. Sources told Reuters the transaction could be disclosed …

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Raytheon to Supply Qatar Joint Standoff Weapons Under $173M Navy FMS Deal

The U.S. Navy has awarded Raytheon (NYSE: RTN) a $172.9 million “undefinitized” contract to supply joint standoff weapons, component parts and support equipment for spares to Qatar under a foreign military sales deal. Raytheon’s missile systems business will produce 200 AGM-154C Block III weapons and 212 containers as well as provide engineering and technical …

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Army Picks 5 Firms for Security Assistance Training Services Under $249M FMS Deal

Five companies have won spots on a potential five-year, $249 million contract from the U.S. Army to support the military branch’s security assistance training programs in seven countries. The Defense Department said Thursday that American Systems, Integration Innovation, Mag DS, Resicum International and Special Applications Group will provide support services to the Army Security Assistance Training Management Organization under the …

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Boeing Appoints Stanley Deal New CEO of Commercial-Defense Global Services Org

Stanley Deal, a 30-year aerospace industry veteran and a senior vice president at Boeing (NYSE: BA), has been named president and CEO of a newly-established global services business unit that brings together functions from the Chicago-based company’s commercial and defense segments. He will directly report to CEO Dennis Muilenburg as a …

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Leidos Signs Deal to Repurchase $100M in Outstanding Shares

Leidos Holdings (NYSE: LDOS) has reached an agreement with a financial institution to repurchase $100 million of the company’s outstanding shares of common stock. The company will acquire those shares under an existing repurchase authorization and the financial institution is set to deliver 80 percent of the shares in the near term, Leidos …

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L-3 Wins Pair of Deals to Support Intelligence Ops in Afghanistan

L-3 Communications’ (NYSE: LLL) STRATIS division was included as one of three prime contractors for the Intelligence Support Services-Afghanistan (ISS-A) contract. According to the firm, “L-3 has already been awarded two firm fixed-price task orders valued at $36 million to provide intelligence support to the United States Forces-Afghanistan (USFOR-A).” The …

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