Author: Brenda Marie Rivers|| Date Published: December 6, 2019
A buyout group comprised of Apax Partners, Warburg Pincus and two Canadian pension funds has completed the acquisition of global satellite communications company Inmarsat in an approximately $3.3B deal, SpaceNews reported Thursday.
The report said Inmarsat ceased trading on the London Stock Exchange Thursday, two days after the High Court of Justice in England and Wales cleared Connect Bidco’s acquisition of the British satcom provider.
Inmarsat – which earned $327.3M in third-quarter revenue – has a government arm that offers mobile satcom services to the U.S. defense, civilian, homeland security, intelligence and public safety sectors.
Textron plans to separate its industrial segment from its aerospace and defense businesses. The Providence, Rhode Island-headquartered firm said Thursday…
OSIbeyond has introduced a compliance-as-a-service, or CaaS, offering designed to help defense contractors secure and maintain Cybersecurity Maturity Model Certification.…
Raytheon, an RTX business, has received a $206.2 million contract from the U.S. Navy to integrate advanced Global Positioning System capabilities into…
