RENK, a Germany-based maker of automatic transmissions and gear units for military vehicles, has agreed to acquire Combat Propulsion Systems and Magnet-Motor businesses of L3Harris Technologies (NYSE: LHX) for an undisclosed sum to create a combat mobility platforms developer with key operations in the U.S. and Europe. RENK said Monday it expec...
Dallas-based communications technology company COMSovereign Holding (Nasdaq: COMS) has acquired Israel-based aerial rotorcraft developer Sky Sapience in a $12.7 million deal that combines $2.7 million in cash and 2.55 million in stock. Sky Sapience offers the HoverMast tethered drone product line for airborne wireless network deployment, big event m...
Spire Global, a space-based data and analytics provider headquartered in San Francisco, is set to go public through a merger agreement with NavSight Holdings (NYSE: NSH) as part of a push to advance growth strategy, product development, sales and marketing efforts. The boards of directors of both companies unanimously approved the proposed transacti...
Doug Wagoner, president and CEO of LMI, has received a 2021 Wash100 Award, the most significant award in all of government contracting (GovCon), to recognize his leadership and vision to drive LMI’s revenue and growth strategy during the COVID-19 pandemic. Previously, Wagoner received his first Wash100 Award in 2015 for his contributions to the Go...
Jane Chappell, a former Raytheon executive, has been appointed CEO of Altamira Technologies. Her addition to Altamira’s executive team will continue to drive its expertise in space, missile defense, cyber domains and many other critical areas, the company said Friday. “Jane’s executive leadership and lifelong commitment to the national securit...
Executive Mosaic, the leading provider in connecting, promoting and branding government and government contracting (GovCon) executives of consequence, announced on Friday that Shawn Purvis, corporate vice president and president of enterprise services at Northrop Grumman, has received her first Wash100 Award. Purvis has received the most estee...
Canadian aerospace company CAE (NYSE: CAE) is close to finalizing a potential $1.05 billion deal to acquire the military training division of L3Harris Technologies (NYSE: LHX) as part of a push to expand its defense business, The Wall Street Journal reported Sunday. WSJ cited sources that say the acquisition agreement could be ready by Monday...
Charles Stark Draper Laboratory has received a $207.5 million contract to provide the U.S. Navy with a new boost guidance system that will be equipped into the service branch’s submarine-launched Trident II (D5) fleet ballistic missiles. The Department of Defense said Friday the cost-plus-incentive fee contract covers the Trident II (D5) Strat...
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Transforming Perspecta Into a $7.1B Company; The Journey of Mac Curtis Perspecta announced in January that it will be acquired by Veritas Capital for $7.1 billion in cash, or $29.35 per share. Veritas Capital, which holds approximately 14.5 percent of Perspecta’s outstandi...
Executive Mosaic is honored to recognize PAE President and CEO John Heller as an inductee into the 2021 edition of the Wash100 for leading PAE’s transformation from a private equity-backed company into a publicly listed company and expansion in the government services arena through acquisitions and contract wins. This represents his sixth Wash100 ...
