Maxar Technologies (NYSE: MAXR) has secured the majority of regulatory clearances needed to advance its merger with Boston-based private equity firm Advent International and both parties now expect the transaction to be completed in late April or early May.
In December, Advent agreed to buy Maxar in an all-cash transaction worth approximately $6.4 billion, or $53 in cash per share. The deal would take Maxar private and help the company accelerate its next-generation satellite development program.
Stockholders at Maxar will hold a virtual meeting on Wednesday, April 19, to decide on the merger agreement, which is still subject to other regulatory approvals.
Proxy advisory firms Glass, Lewis & Co. and Institutional Shareholder Services have recommended that stockholders approve the proposed transaction.
The new award follows earlier Longbow contracts for radar electronics, mast-mounted assemblies and Apache radar sustainment services.
Leidos will support an asset tracking system covering more than 80 million government property items across over 50 agencies.
AMERICAN SYSTEMS has secured a $113.4 million follow-on task order to support a Department of War customer's critical technology work.
Scolese led the National Reconnaissance Office from 2019 to 2026 and previously directed NASA’s Goddard Space Flight Center.
Lockheed's missile backlog reached $142.5 billion after a seven-year Patriot Advanced Capability-3 contract.
DHS has forecast a sole-source, 12-month follow-on BPA worth up to $100 million for identity, credential and access management support.
Proposals for the multiple-award vehicle are due Dec. 4 through the PIEE Solicitation Module.
Leidos will leverage capabilities from its Kudu Dynamics acquisition and its existing cybersecurity technologies to carry out the work.
A Cherokee Federal company has secured a $99.3 million Navy contract to sustain protective and life-support equipment for sailors.
Michael Teegardin, a former ASRC Federal executive and U.S. Army veteran, has joined Akima as VP of marketing and communications.
The small business RMAS contract carries a $1.5B ceiling, while the full-and-open PLS contract has a $6.09B ceiling over 10…
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