Lockheed Martin‘s (NYSE: LMT) missiles and fire control business has secured a $610.5 million contract from the Missile Defense Agency to continue providing a range of support services for Saudi Arabia’s Terminal High Altitude Area Defense system to fulfill a foreign military sales requirement. Work under the THAAD FMS Phase II contract ...
Cubic (NYSE: CUB) has agreed to be acquired by Veritas Capital and Evergreen Coast Capital, an affiliate of Elliott Investment Management, for approximately $3 billion, or $75 in cash per share under a revised proposal. The all-cash transaction includes the assumption of debt and Cubic said Wednesday its board considered the revised offer of Singapo...
Tyler Technologies (NYSE: TYL), a Plano, Texas-based public sector software provider, has purchased DataSpec for an undisclosed sum as part of efforts to expand its software offerings for managing veterans’ benefits. “DataSpec is a good fit with Tyler’s acquisition philosophy, which includes adding best-of-breed companies and products that com...
Arctos Technology Solutions a potential eight-year, $96 million contract to help the U.S. Air Force further develop power, propulsion and thermal management systems. The company will perform work as part of the service branch’s Research Enabling Procurement for Aerospace Systems program, the Department of Defense said Wednesday. The Air Force ...
COMSovereign has agreed to acquire video and physical security technology manufacturer RVision for an undisclosed sum to expand technology portfolio for smart city projects and customer base in the public and private sectors. COMSovereign said Wednesday the agreement includes $5.58 million in total considerations including restricted common st...
Microsoft (Nasdaq: MSFT) has received a contract from the U.S. Army to transition a HoloLens-based augmented reality headset from prototyping to the production and rapid fielding phase. Alex Kipman, a technical fellow at Microsoft, wrote in a blog post published Wednesday that the Integrated Visual Augmentation System, which is backed by Microsoft A...
The U.S. Army has awarded $577 million in contract modifications to Textron’s (NYSE: TXT) Bell subsidiary and a team of Boeing (NYSE: BA) and Lockheed Martin’s (NYSE: LMT) Sikorsky business to perform work on the second phase of the competitive demonstration and risk reduction effort for the Future Long Range Assault Aircraft program. Army Contr...
General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) have received separate firm-fixed-price contracts to manufacture cartridges for the U.S. Army’s 120mm Tank Training Ammunition program. The service branch awarded $65.3 million to General Dynamics’ ordnance and tactical systems unit and $54.5 million to Northrop’s Alliant...
Jerry McGinn, executive director of the Center for Government Contracting at George Mason University’s School of Business, wrote in a commentary published Tuesday on Defense News that the current administration should take a “steady as she goes” approach toward mergers and acquisitions in the aerospace and defense market by relying on the stre...
A new McAleese & Associates report highlights a new initiative by the Biden administration to rebuild national physical and technological assets and provides an overview of the U.S. Army’s strategy to transform capabilities for a multidomain force. Jim McAleese, founder of McAleese & Associates and three-time Wash100 winner, reported t...
