Digital signal processing technology licensor Ceva has entered into a $33 million cash acquisition deal for Marlborough, Massachusetts-based chip development company Intrinsix in a strategy to expand into semiconductor market verticals. Ceva said Monday it aims to create a turnkey intellectual property platform for smart sensing and wireless connect...
A Capstone Partners report shows that mergers and acquisitions in defense electronics, space and command, control, communications, computers, intelligence, surveillance and reconnaissance markets reached over 70 transactions in 2020, exceeding the deal volume recorded in 2017, 2018 and 2019. The report attributed the year-over-year increase in deal ...
NEC Corporation of America has launched a new subsidiary that will offer biometric identity, machine learning, computer vision and artificial intelligence applications to the homeland security, defense, intelligence and law enforcement sectors. Benji Hutchinson, an industry veteran and a biometrics and AI leader, will lead NEC National Security Solu...
Raytheon Technologies’ (NYSE: RTX) intelligence and space business has received a potential $234 million contract from the U.S. Space Force to update Blocks 1 and 2 of the GPS Next-Generation Operational Control System to facilitate the integration of GPS Block III Follow-on satellite capabilities. The Space and Missile Systems Center obligated $2...
Private equity firm Greenbriar Equity Group has purchased aircraft components supplier PCX Aerosystems for an undisclosed sum as the latter completed its acquisition of the Senior Aerospace Connecticut business from global manufacturing and engineering company Senior plc. PCX said Monday it produces flight systems for rotorcraft and fixed-wing platf...
The State Department has approved Australia’s request to buy General Atomics-built MQ-9B remotely piloted aircraft, related equipment and services under a $1.651 billion foreign military sales agreement. The transaction includes the purchase of up to 12 units of MQ-9B, Multispectral Targeting systems-D EO/IR sensors, Lynx AN/APY-8 synthetic apertu...
The U.S. Space Force has selected Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) to design, develop and launch payloads meant to secure military satellite communications as part of the new phase of the Protected Tactical Satcom program, SpaceNews reported Thursday. The service expects the Northrop and Boeing payloads to launch in 2024 aboard a...
Carey Smith, president and chief operating officer of Parsons (NYSE: PSN) and a 2021 Wash100 Award winner, has been elected by the board of directors to succeed the retiring Chuck Harrington as the company’s CEO, effective July 1. Harrington, who has been CEO and board chairman since 2008 and a previous Wash100 Award recipient, will...
NASA’s Launch Services Program has initiated an on-ramp process that resulted in the addition of United Launch Alliance’s Vulcan Centaur rocket to the NASA Launch Services II indefinite delivery/indefinite quantity contract. “ULA is honored that NASA LSP has added our Vulcan Centaur rocket to the catalogue of launch vehicles available to suppo...
The U.S. Army has established final requirements for the Future Attack Reconnaissance Aircraft program after conducting final design and risk review activities in December, Defense News reported Tuesday. The service branch’s Requirements Oversigt Council convened last week to finalize the Abbreviated Capabilities Development Document which de...
