Lockheed Martin (NYSE: LMT) reported $16 billion in net sales and $614 million, or $2.21 per share, in net earnings from continuing operations during the third quarter of fiscal year 2021. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it generated $1.9 billion in Q3 cash from operations, raised its quarterly dividend to ...
Amentum has agreed to acquire PAE (Nasdaq: PAE) in an all-cash transaction valued at approximately $1.9 billion as part of efforts to establish a technology services provider serving U.S. federal agencies and allied governments. PAE’s board of directors approved the transaction that is expected to be completed by the end of the first quarter of...
Positioning, navigation and timing technology provider Orolia has agreed to acquire Granada, Spain-based Seven Solutions in a move to expand the former’s product portfolio for defense, telecommunications, data center, smart grid and aerospace applications. Orolio said Monday it expects to close the transaction before the end of 2021 and pursue...
L3Harris Technologies (NYSE: LHX) has won a potential $120.8 million contract from the U.S. Space Force to support the modernization of transportable electronic warfare systems built to deny adversarial satellite communications. The company will update 16 fielded Block 10.2 units of the Counter Communications System situated at three military b...
Viasat has been selected to help the Department of Defense assess weapon system architectures as part of a cybersecurity pilot program that will employ an analytics-based automation process. Under a DOD contract, Viasat will work to identify vulnerabilities in key weapon components through cyber and software-defined radio threat assessments, the com...
Lockheed Martin (NYSE: LMT) has received a $206.8 million order modification from Naval Air Systems Command to adapt F-35 systems for developmental test and system modernization efforts. The Department of Defense said Wednesday the company’s aeronautics segment will conduct non-recurring engineering activities, plan system adjustments and prov...
Mirion Technologies, a radiation detection and measurement platforms provider, is expected to start trading Thursday on the New York Stock Exchange after it completed its merger with blank check company GS Acquisition Holdings Corp II (NYSE: GSAH) that was first announced in June. Shareholders at GS Acquisition approved the combination Tuesday and A...
Mac Curtis, former chairman of the board, president and CEO of Perspecta and a seven-time Wash100 Award winner, has joined McLean, Virginia-based growth equity firm Blue Delta Capital Partners as a venture fellow. Phil Nolan, a general partner at Blue Delta, said in a statement released Wednesday that Curtis will serve on some boards of...
Shareholders at GS Acquisition Holdings (NYSE: GSAH) voted at a special meeting Tuesday to approve the company’s merger with Mirion Technologies, a provider of anti-radiation equipment to the defense sector. The two companies have set the transaction’s closure date for Wednesday, according to a joint statement. The combined entity will a...
The Department of Energy plans to invest $105 million in small business-led research and development projects that will focus on creating technologies that could help address the impacts of climate change. DOE said Monday that previous grantees under the Small Business Innovation Research and Small Business Technology Transfer programs are eligible ...
