Semiconductor company Broadcom (Nasdaq: AVGO) is in discussions to acquire SAS Institute in a transaction that would give the software firm an enterprise value of $15 billion to $20 billion, The Wall Street Journal reported Monday. News of a potential deal comes as Broadcom, which has a market value of nearly $200 billion, works to...
Microsoft (Nasdaq: MSFT) has agreed to buy cybersecurity company RiskIQ for more than $500 million in cash as part of efforts to expand its products and safeguard customers from cyberattacks, Bloomberg reported Monday. Bloomberg cited sources that say the transaction could be announced in the next few days. Founded in 2009, RiskIQ is a San...
Northrop Grumman (NYSE: NOC) and NASA have finalized a potential $935 million contract to build the Habitation and Logistics Outpost module for the agency’s Gateway lunar space station as part of the Artemis program. Northrop said Friday it will also integrate the HALO module with the Power and Propulsion Element being developed by Maxar Technolog...
Raytheon Technologies (NYSE: RTX) will continue to help the Federal Aviation Administration operate, maintain and update digital air traffic control systems under a five-year, $223 million contract. The company said June 30 it will also update applications for the FAA’s Standard Terminal Automation Replacement System being used by ATC tower pe...
Parsons (NYSE: PSN) has expanded its portfolio of electronic warfare, military information and cyber products following the completion of a $203 million accretive deal to acquire BlackHorse Solutions. BlackHorse brings technologies designed to help defense and intelligence customers integrate EW, information and cyber operations, Parsons said Tuesda...
“Technology innovation is the battlefield of today.” Amid the pandemic, the Department of Air Force indicated in its fiscal 2019/2020 Acquisition Biennial Report how it developed innovative strategies to carry on with its missions and integrate digital engineering into its operations. From executing the pioneer end-to-end demonstration of the Ad...
The Defense Advanced Research Projects Agency has selected three teams of researchers led by BAE Systems, Northrop Grumman (NYSE: NOC) and Raytheon Technologies (NYSE: RTX) to produce low-latency, low-power, event-based infrared cameras as part of the Fast Event-based Neuromorphic Camera and Electronics program. “Event-based cameras operate under ...
CAE (NYSE: CAE) has closed its $1.05 billion acquisition of the military training business from L3Harris Technologies (NYSE: LHX) while Renk AG completed its $400 million cash purchase of L3Harris’ combat propulsion systems unit and related assets. The two deals were first announced in March and completed Friday, three days after Christopher K...
Raytheon Technologies (NYSE: RTX) will begin manufacturing Next Generation Jammer Mid-Band pods for the U.S. Navy’s electronic warfare aircraft fleet after the company received a $172 million low rate initial production contract. Naval Air Systems Command has ordered three NGJ-MB ship sets along with associated equipment, technical data and go...
NASA has started its formal solicitation for a new round of commercial services to conduct human landing system maturation and risk reduction work to help inform future routine crewed transportation from lunar orbit to the moon’s surface. The agency said Thursday it will award milestone-based contracts worth up to $45 million to each company t...
