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M&A Activity

FLIR Systems Buys Night Vision Tools Provider Armasight for $41M; Andy Teich Comments

FLIR Systems (Nasdaq: FLIR) has purchased San Francisco-based night vision and thermal imaging equipment supplier Armasight through a cash transaction valued at approximately $41 million. Andy Teich, president and CEO of FLIR, said in a statement released Tuesday the acquisition aims to expand the company’s portfolio of thermal weapon sights and scopes in support of …

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Aerojet Rocketdyne to Consolidate 6 Business Units Into Defense, Space Organizations

Aerojet Rocketdyne (NYSE: AJRD) will combine its six business units into defense and space organizations as part of a corporate reorganization effort. The company said Monday the future senior vice presidents of Aerojet Rocketdyne Inc.‘s defense and space businesses will report directly to Eileen Drake,  president and CEO of Aerojet Rocketdyne Holdings. …

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TransDigm Closes $1B Buy of DDC Parent ILC Holdings

Cleveland-based aerospace components manufacturer TransDigm (NYSE: TDG) has closed its $1 billion cash acquisition of ILC Holdings and its subsidiary Data Device Corp. from New York-based investment firm Behrman Capital. TransDigm first announced the deal May 24 and the company said Thursday it used net proceeds from a term loan and a sale of …

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Arlington Capital Partners Buys Analytics, Cloud Platforms Provider EOIR Technologies; Michael Lustbader Comments

Washington-based private equity firm Arlington Capital Partners has purchased Fredericksburg, Virginia-based big data analytics and cloud platforms provider EOIR Technologies for an undisclosed sum. Former EOIR Chief Operating Officer Peter Cannito will lead the company as CEO under the new ownership, Arlington Capital said Friday. Michael Lustbader, a managing partner at Arlington Capital, …

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Bloomberg: Veritas Capital in Lead to Buy Airbus Maintenance, Repair Business

New York City-based private equity firm Veritas Capital has emerged as the leading bidder to purchase Airbus Group’s Vector Aerospace aircraft maintenance and repair business, Bloomberg reported Friday. Kiel Porter and Scott Deveau write Veritas might combine Vector with StandardAero — an aircraft services company the investment firm acquired in July 2015 for $2.1 billion. Airbus could …

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Spaceflight Industries Buys OpenWhere in Satellite Imaging Market Push

Seattle, Washington-based space technology and services provider Spaceflight Industries has bought Herndon, Virginia-based geospatial analytics company OpenWhere for an undisclosed sum as part of efforts to accelerate the deployment of Spaceflight’s BlackSky satellite imaging platform. Spaceflight said Tuesday it aims to build a constellation of up to 60 satellites through 2020 to provide near-real-time images of the planet …

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ManTech Buys Oceans Edge’s Cyber Business; Bill Varner Comments

ManTech International (Nasdaq: MANT) has bought the cyber business of Reston, Virginia-based wireless technology and engineering services company Oceans Edge for an undisclosed cash amount. The deal adds a suite of vulnerability research, development and analysis tools to ManTech’s cyber intelligence portfolio and seeks to include U.S. Cyber Command in the client base …

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Symantec to Buy Web Security Firm Blue Coat for $4.65B; Dan Schulman Comments

Symantec (Nasdaq: SYMC) has agreed to purchase Sunnyvale, California-based security and network technology provider Blue Coat Inc. for approximately $4.65 billion cash in an effort to help protect government and enterprise customers from cybersecurity threats. Greg Clark, CEO of Blue Coat, will take the helm at Symantec as CEO as well as …

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Drone USA to Buy West Coast Machine Parts Supplier Through Cash-and-Stock Deal

New York-based Drone USA has signed a letter of intent to buy an unidentified West Coast-based supplier of machine parts, spares and replacement tools to the defense and commercial sectors through a cash-and-stock transaction of an undisclosed sum. Drone USA CEO Michael Bannon said Thursday he expects the transaction to …

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Reports: Airbus to Shed 23.6% Dassault Aviation Stake

Global aerospace and defense contractor Airbus Group will sell its 23.6 percent stake in Dassault Aviation and use money from the stock sales for “general corporate purposes, ” the Wall Street Journal reported Thursday. Robert Wall writes Airbus aims to shed 9.05 percent of its total ownership in Dassault through an accelerated bookbuild process and sell another 5.5 …

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