L3Harris Technologies (NYSE: LHX) has completed its purchase of Link 16, the tactical data link product line of Viasat (Nasdaq: VSAT) for about $1.96 billion. L3Harris agreed to buy Viasat’s TDL portfolio in October as part of a strategic effort to meet warfighters’ Joint All-Domain Command and Control requirements. In December, the Melbourne, F...
Halimah Najieb-Locke, a deputy assistant secretary at the Department of Defense, and other antitrust officials have expressed concerns over the impact of mergers and acquisitions among defense contractors on the industrial base’s ability to boost arms manufacturing and replenish supply amid demands in support of Ukraine, The Wall Street Journa...
NV5 Global (Nasdaq: NVEE) has agreed to acquire the commercial geospatial technology and software business of L3Harris Technologies (NYSE: LHX). The all-cash transaction for L3Harris’ Visual Information Solutions business is expected to close in the first half of 2023, pending regulatory approvals, NV5 said Thursday. Established in 1977, VIS has a...
L3Harris Technologies (NYSE: LHX) has received all regulatory clearances needed to advance its acquisition of Link 16, the tactical data link product line of Viasat (Nasdaq: VSAT). L3Harris agreed to buy Viasat’s TDL portfolio for about $1.96 billion in October and now expects the transaction to close by Jan. 3. The Melbourne, Florida-based defens...
L3Harris Technologies (NYSE: LHX) has agreed to acquire Aerojet Rocketdyne (NYSE: AJRD) for approximately $4.7 billion in cash, or $58 per share, in a transaction that will allow the aerospace and defense contractor to further advance innovation and continue to deliver missile defense systems, hypersonics and other capabilities to the Department of ...
The U.S. Navy has awarded eight companies positions on a potential 10-year, $4.1 billion follow-on contract to provide production units, software, laboratory equipment, spares and system components for surface, shore and submarine platforms in support of the service branch’s Consolidated Afloat Networks and Enterprise Services program. CANES is th...
The State Department has approved Poland’s request to buy from the U.S. government M1A1 Abrams main battle tanks, other vehicles and related equipment through a potential $3.75 billion foreign military sales agreement. The Defense Security Cooperation Agency said Tuesday there will be 12 prime contractors on the proposed FMS transaction, which inc...
A new McAleese & Associates report shows defense prime contractors recorded a 3 percent increase in sales during the third quarter of 2022 and sector operating margin of 11 percent. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, offered an analysis of the Q3 financial performance of Lockheed Martin (NYSE: LMT...
General Electric (NYSE: GE), L3Harris Technologies (NYSE: LHX), Textron (NYSE: TXT) and Veritas Capital are among the companies that have expressed interest in acquiring Aerojet Rocketdyne (NYSE: AJRD), which has an estimated market valuation of $4 billion, Reuters reported Wednesday. Citing unnamed sources, Reuters noted the El Segundo, California-...
Tom Gentile, president and CEO of Spirit AeroSystems, and Ted Colbert, president and CEO of Boeing’s (NYSE: BA) defense, space and security business, have been elected to serve as chairman and vice chairman, respectively, of the Aerospace Industries Association’s board of governors for 2023. Eric Fanning, a previous Wash100 awardee, will continu...
