Search Results for: Goldman Sachs

Parsons Buys OGSystems to Add Geospatial Intell Expertise

Parsons has purchased Chantilly, Va.-based technology services contractor OGSystems for an undisclosed sum in a move to deepen expertise in geospatial intelligence and big data analytics. Chuck Harrington, chairman and CEO of Parsons, said in a statement released Monday the company’s strategy is focused on disruptive technology platforms built to …

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Sean Gillen to Assume VP, CFO Roles at AAR

Sean Gillen, vice president and treasurer of construction materials company USG, will formally join AAR (NYSE: AIR) on Monday as VP and chief financial officer at the Wood Dale, Ill.-based aviation aftermarket services provider. He will succeed Michael Milligan, who has served as AAR CFO since 2017, and will oversee investor …

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Carlyle Group to Buy StandardAero From Veritas Capital; Ramzi Musallam Quoted

The Carlyle Group (Nasdaq: CG) has agreed to purchase StandardAero from Veritas Capital for an undisclosed sum. The Washington, D.C.-based private equity firm said Tuesday it expects to close the deal by the end of the first quarter of calendar year 2019, pending regulatory approvals and other customary closing conditions. …

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UTC to Split Into Three Firms After Rockwell Collins Deal Completion; Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) has announced plans to divide into three independent companies after it completed its $30B purchase of Rockwell Collins (NYSE: COL). UTC said Monday it will combine its aerospace systems business with Rockwell Collins to form Collins Aerospace Systems and expects the transaction to be $0.15 to $0.20 …

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Harris, L3 to Merge in All-Stock Transaction; Christopher Kubasik, William Brown Quoted

L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) have agreed to merge in an all-stock deal that will establish the country’s sixth largest defense technology company serving government and industry clients across more than 100 countries. The combined company will operate as L3 Harris Technologies in Melbourne, Fla., upon the deal’s …

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Booz Allen Names New Board Members Michele Flournoy & Ellen Jewett

TYSONS CORNER, VA, October 11, 2018 — Booz Allen Hamilton (NYSE: BAH) has added former Defense Department official and WestExec Advisors Co-Founder Michele Flournoy as well as Goldman Sachs veteran Ellen Jewett to the management and technology consulting firm’s board of directors, ExecutiveBiz reported Wednesday. The company said Tuesday new compensation committee member Flournoy’s …

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Spirit AeroSystems Inks $650M Cash Deal for Asco’s Parent Company

Spirit AeroSystems (NYSE: SPR) has agreed to buy Asco Industries’ Belgium-based parent company, S.R.I.F., for approximately $650 million in cash. Wichita, Kan.-based Spirit said Wednesday it expects to use new debt to fund the transaction that is scheduled to conclude in the second half of 2018, pending regulatory clearances and …

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Bluestone Execs John Allen, Susan Gabay, Greg Van Beuren to Join Houlihan Lokey’s Govt Unit

Three senior executives at McLean, Virginia-based Bluestone Capital Partners will join Houlihan Lokey’s (NYSE: HLI) aerospace, defense and government services group as managing directors after the Los Angeles, California-based investment bank merged ADG with Bluestone’s mergers and acquisitions advisory practice. John Allen, Bluestone co-founder and CEO; Susan Gabay, Bluestone co-founder and …

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HPE, Microsoft Vet Frank Vella Joins Information Builders as COO

Frank Vella, formerly chief revenue officer at BlueJeans Network, has joined New York-based business intelligence and analytics platforms provider Information Builders as chief operating officer. Vella will collaborate with Information Builders’ executive group to seek new market opportunities, support expansion efforts and create growth strategies, the company said Monday. His appointment …

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McAfee Relaunches as Independent Security Company

McAfee has officially launched as a stand-alone cybersecurity firm after Intel (Nasdaq: INTC) completed the spinoff of the latter’s security business through an approximately $4.2 billion deal with private equity firm TPG. Chris Young, a senior vice president and general manager at Intel, will serve as CEO of McAfee and Bryan Taylor, a partner …

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