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.
President Trump has appointed Adam Telle, assistant Army secretary for civil works, as acting Army secretary.
From fake USS Abraham Lincoln strike videos to AI F-35 photos, U.S. adversaries are deploying deepfakes to undermine national security.
ITC Federal has acquired Apriva ISS to expand classified communications support for federal defense and law enforcement agencies.
Mallory Cawlfield brings leadership experience from CACI, Applied Insight, Zavda Technologies and the U.S. Navy to her new role.
Mehall was senior vice president of operations at CACI, VP of operations at Chenega and VP of USIS.
Northrop Grumman has received a potential $863 million Army IDIQ contract to produce M1156 precision guidance kits.
Valiant will provide flight and classroom instruction for naval aviators, flight officers and aircrew at four Atlantic Fleet locations.
The measure extends the Technology Modernization Fund and cybersecurity information-sharing authorities to Dec. 11.
The award under the Information Analysis Center vehicle covers electronic warfare, expeditionary warfare and defensive cyber work.
Xpect Solutions has acquired Amivero to broaden its AI, cyber and digital modernization capabilities for national security agencies.
MTSI has won a spot on DIA's COMET contract to help MSIC deliver foundational military intelligence on foreign weapon systems.
Knausenberger is a Wash100 award winner and was chief information officer of the Department of the Air Force.
You’ve already read all related articles.
VIDEO 
