Semiconductor manufacturer Broadcom (Nasdaq: AVGO) has determined cost savings and received financing to support its plan to acquire cybersecurity firm Symantec (Nasdaq: SYMC) in an all-cash transaction including debt valued at more than $22B, Bloomberg reported Monday.
Read More »Report: Maxar’s Space Tech Business Draws Interest From Leonardo, Thales
European conglomerates Leonardo and Thales are considering a joint bid to buy Maxar Technologies (NYSE: MAXR) subsidiary that develops technology for space and terrestrial applications, Reuters reported Tuesday. Leonardo CEO Alessandro Profumo cited satellite antenna technology as a technology area of interest in MDA.
Read More »A-TEK Eyes Federal Health IT Footprint Growth With Mackson Purchase; Kathryn Freeland Quoted
Information technology and scientific services provider A-TEK has acquired Reston, Va.-based Mackson Consulting in an effort to broaden its footprint in the federal health IT market.
Read More »Gryphon Buys PGFM in Cyber Capability Expansion Push
Defense engineering services contractor Gryphon Technologies has purchased Sewell, N.J.-based engineering firm PGFM Solutions for an undisclosed sum.
Read More »L3Harris Technologies Unveils Four ‘Mission-Focused’ Business Segments
L3Harris Technologies (NYSE: LHX), the new company formed by the merger of defense contractors Harris and L3 Technologies, has organized its operations into four business segments with the goal to help government and commercial customers address mission requirements. Melbourne, Fla.-based L3Harris said Monday it expects to generate $17B in annual revenue through its operating businesses that will offer a range of technology platforms in the air, sea, land, space and cyber areas.
Read More »IBM-Red Hat Merger Receives EU Approval
IBM (NYSE: IBM) has secured unconditional approval from the European Commission for its proposed acquisition of Red Hat (NYSE: RHT) for $34B cash, nearly two months after the U.S. Department of Justice cleared the transaction. The commission said Thursday the merger, which both companies first announced in October 2018, would not put market competition at risk.
Read More »Metis Buys Pluribus in Intell Community Expansion Push; Christopher Wynes Quoted
Metis Solutions has finalized its acquisition of Alexandria, Va.-based intelligence services contractor Pluribus International for an undisclosed sum in an effort to expand its offerings to the intelligence community and other national security customers.
Read More »L3, Harris Target June 29 Closing Date for All-Stock Merger; Christopher Kubasik Quoted
Harris (NYSE: HRS) and L3 Technologies (NYSE: LLL) set June 29, Saturday, as the closing date for their all-stock merger deal after they secured the regulatory clearances needed to complete the transaction.
Read More »Harris, L3 Get DOJ Antitrust Clearance for Proposed Merger
The Department of Justice has given L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) an antitrust approval to advance their merger through an all-stock transaction, Reuters reported Friday.
Read More »McAleese & Associates: L3, Harris to Spend 4% of Combined Sales on Independent R&D
A McAleese & Associates report says the merged company of L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) would invest 4 percent of $18B combined revenue in independent research-and-development efforts.
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