The Carlyle Group (Nasdaq: CG) has agreed to purchase StandardAero from Veritas Capital for an undisclosed sum. The Washington, D.C.-based private equity firm said Tuesday it expects to close the deal by the end of the first quarter of calendar year 2019, pending regulatory approvals and other customary closing conditions. Scottsdale, Ariz.-based St...
A joint venture of American Systems and Millennium Engineering and Integration will compete for engineering and technical support service task orders under NASA™s potential eight-year, $264M contract. New Horizons Aeronautics will deliver services in support of the agency™s Armstrong Flight Research Center in Edwards, Calif., American Syst...
Imaging satellite operator Planet has agreed to buy geospatial data management software vendor Boundless Spatial for an undisclosed sum to expand the former’s business in the public sector and commercial agriculture markets. San Francisco-based Planet said Tuesday it aims to increase utilization of its imager...
President Donald Trump is expected this week to order the creation of a new combatant command that would focus on space, CNN reported Monday. Vice President Mike Pence is set to visit Tuesday the Kennedy Space Center in Florida and the Pentagon this week to talk about the administration™s plan for a new space force....
The Carlyle Group (Nasdaq: CG) is close to finalizing a deal worth more than $5B to buy StandardAero from Veritas Capital, Reuters reported Tuesday. Scottsdale, Ariz.-based StandardAero offers aviation maintenance, repair and overhaul support services to clients in military, general aviation and commercial sectors. Sources told Reuters the...
TYSONS CORNER, VA, December 17, 2018 ” Rick Ambrose, executive vice president for Lockheed Martin‘s (NYSE: LMT) space business, has said the company’s move to partner with Amazon Web Services to deliver a cloud-based satellite communications ground system is meant to address cost challenges associated with establishing such inf...
TYSONS CORNER, VA, December 14, 2018 ” ManTech International (Nasdaq: MANT) has received a potential $35M task order from the U.S. Marine Corps for research and development work focused on emerging technologies such as artificial intelligence, cyber, electronic warfare and machine learning, ExecutiveBiz reported Nov. 29. The company said Nov. 2...
Howell Estes, a board member at Maxar Technologies (NYSE: MAXR) since October 2017, has been named chairman of the company™s board of directors in a move that will take effect Jan. 1. He will succeed Robert Phillips, who will continue to serve on the board, the company said Thursday. “Howell’s wealth of experience in service to...
Four companies have secured other transaction agreements to explore the possibility of creating a single, lightweight, man-portable system for the U.S. Marine Corps to locate, acquire and counter targets. BAE Systems, Elbit Systems of America (Nasdaq: ESLT), Fraser Optics and Northrop Grumman (NYSE: NOC) will examine potential sy...
TYSONS CORNER, VA, December 13, 2018 ” Cisco Systems (Nasdaq: CSCO) executives Carl De Groote and Chuck Louisell have urged the U.S. military to explore technologies such as artificial intelligence, machine learning and in-line data analytics with an agile and resilient multinetwork architecture to support mission assurance, sustained operation...
