Mercury Systems (Nasdaq: MRCY) has acquired Germane Systems for approximately $45 million cash in a move to grow the former’s portfolio of rugged servers and command, control and information processing technologies. The purchase price is subject to working capital and debt adjustments and Mercury financed the transaction with funds from a...
Canada-based WSP Global has agreed to acquire Louis Berger for approximately $400 million in an effort to expand its footprint in continental Europe and leverage the Morristown, N.J.-based professional services firm™s expertise in water, transportation, environment and master planning. Alexandre L™Heureux, WSP president and CEO, said ...
General Electric (NYSE: GE) has secured a potential $630.5 million contract to repair or replace components of afterburning turbofan engines that currently power the U.S. Navy‘s F/A-18 E/F and EA 18G aircraft platforms. The Defense Department said Tuesday that GE will also support 773 F414 engine parts as part of the firm-f...
Lockheed Martin (NYSE: LMT) has received a $171.7 million U.S. Navy contract modification for the low-rate initial production of lot 11 F-35 aircraft. The award covers diminishing manufacturing sources redesign efforts for the air system and work will occur through January 2024 in Fort Worth, Texas, the Defense Department said Tuesday. DoD...
Raytheon (NYSE: RTN) has received a $96.1 million contract to produce 250 Miniature Air-Launched Decoy missiles for the U.S. Air Force. The company said Tuesday that it will manufacture the MALD-J jamming variant of the missile that works to electronically stimulate and neutralize enemy air defense systems. Mike Jarrett, vice president of ...
The U.S. Agency for International Development has awarded ICF (Nasdaq: ICFI) a potential five-year, $120 million task order to help USAID’s Bureau for Global Health develop infectious disease surveillance measures for lower and middle-income countries. ICF said Monday it will assist developing countries in efforts to modern...
The Carlyle Group (Nasdaq: CG) has raised $18.5 billion for its latest fund that invests in U.S. companies in defense and government services and aerospace industries. The private equity firm said Monday the amount of capital raised for the Carlyle Partners VII fund surpassed the $15 billion target, reflecting a 42 percent increase ov...
TYSONS CORNER, VA, July 30, 2018 ” Northrop Grumman (NYSE: NOC) has delivered to the U.S. Marine Corps its first active electronically scanned array radar system equipped with a gallium nitride antenna designed to support real-time threat monitoring, ExecutiveBiz reported Friday. The company said Thursday the AN/TPS-80 Ground/Air Task-Orie...
TYSONS CORNER, VA, July 30, 2018 ” Jacobs Engineering Group (NYSE: JEC) has been awarded by the Secretary of Defense, Secretary of the Navy and Chief of Naval Operations in recognition of its cleanup efforts in Vieques, Puerto Rico, as a Comprehensive Long-term Environmental Action Navy program contractor, ExecutiveBiz reported Friday. The...
TYSONS CORNER, VA, July 30, 2018 ” ICF (Nasdaq: ICFI) has secured a contract extension from New Jersey™s Office of Community Affairs for housing, infrastructure and economic development services to support the state in its Superstorm Sandy recovery efforts, ExecutiveBiz reported Friday. The company said Thursday it will continue to provide...
