Tag Archives: Army

Unmanned aircraft system manufacturing company AeroVironment (Nasdaq: AVAV) has agreed to acquire Arcturus UAV in a cash-and-stock transaction valued at approximately $405M as part of efforts to expand into adjacent segments and broaden UAS portfolio and customer footprint. “We are excited about the opportunities for value creation through our acquisition of Arcturus UAV, which will enable us to accelerate our growth strategy and expand our reach into the more valuable Group 2 and 3 UAS segments,” said Wahid Nawabi, president and CEO of AeroVironment.

THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Qualtrics Expects Valuation of $14B From IPO Qualtrics, an experience management platform developer acquired by SAP (NYSE: SAP) in 2018, filed with the Securities and Exchange Commission for its planned initial public offering and will trade on Nasdaq using the ticker symbol …

Space systems technology developer LinQuest has completed its purchase of advanced engineering company TMC Design for an undisclosed sum. LinQuest CEO Tim Dills said in a statement published Tuesday the combination with TMC Design will allow LinQuest to create a suite of platforms to provide mission-essential capabilities that could help customers address the country’s national security threats.

Merck (NYSE: MRK) has reached a $356M deal with the departments of Defense and Health and Human Services to further develop and seek regulatory approval MK-7110, the biopharmaceutical firm's investigational drug for hospitalized COVID-19 patients.

The U.S. Army has awarded Palantir Technologies (NYSE: PLTR) a potential $113.8M contract option to continue work on a program that seeks to facilitate the decision-making process through a data analytics platform. The award made by the service’s program executive office for enterprise information systems represents the first option year under a potential four-year, $458M production agreement the Army awarded in December 2019 in support of the Vantage program.

Oroco Capital to Buy AECOM Civil Construction Business; Troy Rudd Quoted AECOM has entered into a definitive agreement to sell its civil construction business, including the Shimmick Construction unit, to Oroco Capital. AECOM said Thursday it expects to complete the sale in January upon the satisfaction of customary closing conditions. ArchIntel Releases Extended Competitive Intelligence …

The U.S. Army has awarded the National Spectrum Consortium a potential $2.5B prototype other transaction agreement to help coordinate research and development projects designed to improve spectrum utilization, advance microelectronics and upgrade communications infrastructure to enable protected and resilient networks.

THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Reps. Adam Smith, Mac Thornberry Announce Bicameral Agreement Over FY 2021 NDAA House Armed Services Committee Chairman Adam Smith, D-Wash., and Ranking Member Mac Thornberry, R-Texas, issued a joint statement Wednesday saying both chambers of Congress have reached agreement on …

President-elect Joe Biden plans to nominate Lloyd Austin, a retired U.S. Army general, to serve as secretary of the Department of Defense, Politico reported Monday. Austin would be the first African American to lead DoD if confirmed by the Senate and sources said his selection for the top civilian post at the Pentagon could be announced as soon as Tuesday.

Burlington, North Carolina-based life sciences company LabCorp has secured a potential $204.6M contract to provide the U.S. Army with clinical reference laboratory testing services.