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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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Cubic Global Defense President Dave Buss Named to TechFlow Board

Dave Buss, a senior vice president and president of Cubic’s (NYSE: CUB) global defense segment, has been appointed to TechFlow’s board of directors. Robert Baum, TechFlow president and CEO, said in a statement published Tuesday Buss’ understanding of military requirements and insights would help the San Diego-based information technology services …

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Greg Lewis to Become Honeywell SVP, CFO in August

Greg Lewis, vice president of enterprise information management at Honeywell (NYSE: HON), will transition to the role of senior vice president and chief financial officer on Aug. 3 to succeed the retiring Tom Szlosek. The company said Tuesday Lewis will serve as VP of corporate finance for three months to oversee …

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Unisys to Help TSA Operate, Protect Airport Screening Devices Under $250M BPA

Unisys (NYSE: UIS) has secured a potential five-year, $250 million blanket purchase agreement to help the Transportation Security Administration operate, maintain and safeguard security screening tools fielded at over 400 U.S. airports. The company said Monday the Domain Awareness Integrated Network Support Services BPA has a one-year base term and four …

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John Walsh Joins SAIC as IT Market Segment SVP, GM; Tony Moraco Comments

John Walsh, formerly vice president of homeland security programs at CSRA, has joined Science Applications International Corp. (NYSE: SAIC) as senior VP and general manager of the information technology solutions market segment. He will succeed the retiring Dan Harris and report directly to Nazzic Keene, chief operating officer at SAIC, the …

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Palo Alto Networks’ Rick Howard: Agencies Should Consider DevOps’ Role in Adaptive Cyber Strategies

Rick Howard, chief security officer at Palo Alto Networks (NYSE: PANW), has said agencies that aim to develop and implement strategies to safeguard information technology systems from cyber threats should adopt DevOps. Howard wrote that DevOps’ link to automation and cloud technology has implications for agencies’ adaptive cybersecurity strategies and …

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Boeing Signs $3.2B Cash Deal for Aircraft Parts Maker KLX

Boeing (NYSE: BA) has agreed to purchase aviation parts and services provider KLX (Nasdaq: KLX) for approximately $3.2 billion cash in a move to grow its services business. Boeing said Tuesday it will pay $63 per share in cash and assume $1 billion in net debt from the Wellington, Florida-based aerospace parts …

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CACI Exec Chair Jack London Chosen as NACD Governance Fellow

Jack London, executive chairman and chairman of the board at CACI International (NYSE: CACI), has been named a governance fellow by the National Association of Corporate Directors. CACI said Monday NACD’s Fellowship initiative serves as the organization’s highest credential for governance professionals and corporate directors and aims to help directors …

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Lockheed-Led Team Lands $1.4B F-35 Sustainment Support Contract

A Lockheed Martin-led (NYSE: LMT) industry team has received a potential $1.4 billion contract to provide sustainment support for F-35 fighter jets worldwide. The contract awarded by the F-35 joint program office also covers Automatic Logistics Information System support, predictive health management and data analytics; supply chain logistics; air system maintenance; …

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PwC: Global Aerospace & Defense M&As Reached $15B in Q1 2018

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector hit $15 billion in the first quarter of fiscal 2018, reflecting a 28 percent increase over the previous quarter and a 19 percent rise from the same period last year. PwC reported that global …

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