Narda-MITEQ has acquired Maryland-based radio frequency and microwave technology supplier Intelligent RF Solutions as both companies aim to expand their market presence and product development capability. The deal marks the first acquisition for Narda-MITEQ, formerly owned by L3Harris Technologies (NYSE: LHX), since it became a portfolio company of ...
Plymouth, Michigan-based optical technology supplier EOTech has bought Intevac‘s (Nasdaq: IVAC) photonics unit for approximately $100 million in upfront cash and future earnout payments. Intevac said Monday it also negotiated a six-month transaction service agreement with EOTech and intends to focus on the thin-film equipment market following ...
The U.S. Air Force has awarded Canadian Commercial Corp. a seven-year, $70 million contract to extend contractor logistics support to electro-optical infrared sensors installed on the branch’s AC-130 gunship fleet. The firm-fixed-price contract to CCC will include field-level repair, troubleshooting and operator familiarization training servic...
Mike Petters, president and CEO of Huntington Ingalls Industries (NYSE: HII) and a previous Wash100 awardee, has been appointed chairman of the Aerospace Industries Association’s board of governors for 2022. He will also serve on the association’s executive committee along with Spirit AeroSystems President and CEO Tom Gentile, who is set...
A new McAleese & Associates report says major defense prime contractors recorded a 4 percent to 6 percent increase in sector profit during the third quarter of 2021. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, presented an analysis of the Q3 financial performance of Boeing (NYSE: BA), General Dynamics (NYS...
Eight companies have received contract modifications worth $2.4 billion combined to provide prototype development, sustainment and production support services to the Department of the Air Force. Work will occur in New Jersey, California, Virginia, Utah, Pennsylvania and Iowa through Jan. 9, 2028, the Department of Defense said Wednesday. The modific...
A proposed $1.75 trillion social safety net spending and climate change bill known as the Build Back Better Act includes language that would require a 1 percent tax on stock repurchases, a provision that could have a potential impact on defense companies, Defense One reported Friday. The Build Back Better framework seeks to “stop large,...
IDEMIA Identity & Security North America has named Lisa Sullivan as senior vice president of travel and transport and named Lisa Shoemaker as VP of government relations. The biometrics technology provider said Thursday it made the appointments in a move to grow work in the transportation sector and its presence inside the Beltway. Sullivan, a...
Douglas Harvey, a more than 20-year engineering operational management executive, has joined IDEMIA as chief technology officer of Identity and Security North America. He will help accelerate product innovation and design, work with technology teams to drive the adoption of digital engineering processes, advance the use of modern iterative developme...
Vertex Aerospace has agreed to acquire Raytheon Technologies’ (NYSE: RTX) defense training and mission critical solutions business for an undisclosed sum to expand its product and service offerings for government, defense and commercial clients. Ed Boyington, president and CEO of Vertex, said in a statement published Friday he looks forward to wel...
