Naval Air Systems Command awarded Pratt and Whitney‘s military engines business a $145.3 million contract modification to procure depot support equipment and supplies for the F-35 program. NAVAIR exercised options on a previously awarded contract to the Raytheon Technologies subsidiary supporting fighter aircraft sustainment work for both dome...
Honeywell (Nasdaq: HON) has signed an all-cash deal to acquire Arizona-based US Digital Designs, a communications technology provider to the public safety sector. North Carolina-headquartered Honeywell said Monday the transaction’s value is 14 times the projected earnings before interest, taxes, depreciation and amortization at US Digital Desi...
Launch services provider Rocket Lab (Nasdaq: RKLB) has agreed to acquire space solar power technology developer SolAero Holdings for approximately $80 million in cash. Rocket Lab said Monday it expects to close the transaction in the first quarter of 2022 and the deal is in line with the company’s strategy of assembling a comprehensive portfol...
The U.S. Air Force is asking companies to review and provide feedback on a draft solicitation for the service branch’s follow-on contract for mission combat system and planning support work. Interested vendors have until Jan. 7 to submit their comments about presolicitation Mission Planning Support Contract IV documents, according to a notice ...
The State Department has approved two foreign military sales agreements worth approximately $9.4 billion combined for frigate modernization support and four multimission surface combatant ships or future frigates that the government of Greece intends to procure. The FMS deal for four Hellenic Future Frigates is worth $6.9 billion and the transaction...
A Bloomberg Intelligence analyst predicts the U.S. to further adopt cryptocurrencies in 2022 amid bullish price implications and implementation of proper government regulations. Cryptocurrencies Bitcoin and Ethereum stand to benefit from the declining bond yields, Bloomberg Intelligence analyst Mike McGlone wrote in a report published Dec. 6. “The...
Tomorrow.io, a startup developing radar-equipped satellites for weather and climate forecasting, has agreed to merge with special purpose acquisition company Pine Technology in a deal both parties expect to close in the first half of 2022. The boards of directors at the two companies have approved the transaction that would take Boston-based Tomorro...
Raja Maharajh, most recently chief of staff to Raytheon Technologies (NYSE: RTX) Chairman and CEO Greg Hayes, has been appointed general counsel of the Waltham, Massachusetts-based defense and aerospace company. He succeeds Frank Jimenez and will oversee legal and regulatory functions that include corporate governance and transactions, litigation, c...
Conrad Symber, a Sehlke Consulting partner, will take on a new role as senior vice president of growth and strategy for the newly formed company Aeyon, effective Jan. 1. The appointment comes after the merger between Enlightenment Capital-backed Artlin Consulting and Sehlke to create a new professional services provider known as Aeyon. In his new...
Fairbanks Morse Defense has acquired U.K.-based davit manufacturing company Welin Lambie in a move to grow FMD’s portfolio of products designed for marine customers such as the U.S. Navy and Marine Corps. Arcline Investment Management-backed FMD said Wednesday it made the acquisition to also offer equipment that could support craft launch and ...
