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Comtech Telecommunications (Nasdaq: CMTL) has agreed to buy Gilat Satellite Networks (Nasdaq: GILT) for $10.25 per share or approximately $532.5M in cash and stock. “The acquisition better positions Comtech to take advantage of key marketplace trends, particularly the growing demand for satellite connectivity and the enormous long-term opportunit...

A BAE Systems research and development team has been selected to build mixed-mode signal processing technology under a Defense Advanced Research Projects Agency program to deploy next-generation radio frequency platforms and drive U.S.-based defense electronics manufacturing efforts....

Greg Hayes, chairman and CEO of United Technologies Corp. (NYSE: UTX), said UTC hopes to close its potential $120B merger with Raytheon (NYSE: RTN) by early April and has begun planning for the integration of the two companies, the Hartford Business Journal reported Tuesday....

Axiom Space has received NASA approval to build a commercial destination module to help the agency continue  low-Earth orbit missions once the International Space Station is decommissioned. The company said Monday it won the NextSTEP-2 Appendix I solicitation that provides for the Axiom Station, a facility that would initially serve as an ISS att...

Warren Romine, managing director at KippsDeSanto & Co., has said more middle-market defense contractors are considering divestitures as they assess their capacity to keep up with market trends, the Washington Business Journal reported Monday. Romine told the publication in an interview he expects increased U.S. defense budget and low interes...