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Los Angeles-based investment firm Platinum Equity has agreed to purchase Arlington, Va.-based government services contractor PAE from New York City-headquartered private equity firm Lindsay Goldberg for an undisclosed sum in a deal the parties expect to close by February 2016, the companies said Monday. Lindsay Goldberg purchased PAE for $350 millio...

Lockheed Martin (NYSE: LMT) has been awarded a potential $130.6 million contract to update the target acquisition designation sight and pilot night vision sensors on U.S. Army Apache helicopters. Lockheed said Thursday it will produce modernized day sensor assembly kits and spares for the Army and the Qatar Emiri Air Force at its facilities in...