Tag Archives: CFIUS

Raytheon (NYSE: RTN) has secured a potential $378M contract modification from the U.S. Space Force to replace computer hardware in the next-generation ground control segment for GPS satellites.

Jerry McGinn, executive director of the Center for Government Contracting at George Mason University’s School of Business, wrote in an opinion piece posted Thursday on The Hill that the Defense Production Act invoked by President Donald Trump serves as an “important tool” as the country seeks to come up with short- and medium-term responses to the impact of the coronavirus pandemic on the defense industrial base.

Systems Planning and Analysis has received a potential five-year, $90M contract to help the Department of Defense and the Committee on Foreign Investment in the U.S. assess potential national security risks from transactions involving foreign investors.

The Committee on Foreign Investment in the U.S. has finalized its review of the proposed takeover offer for satellite communications firm Inmarsat by Bidco, an entity owned by a consortium of private equity firms and two Canada-based pension funds.

Sweden-based digital platforms provider Hexagon has agreed to buy Arlington, Va.-based software firm Thermopylae Sciences and Technology for an undisclosed sum to build up a portfolio of 5D visualization systems for U.S. defense and government clients. Hexagon said Monday it will operate Thermopylae as part of its geospatial division upon completion …

Speedcast International announced Thursday that the Committee on Foreign Investment in the United States (CFIUS) has approved the company’s $135M acquisition of Globecomm Systems. CFIUS found no unresolved national security concerns holding up the acquisition. Speedcast expects the purchase of Globecomm to finalize before the end of 2018, pending customary closing conditions. On Aug …

Orolia has agreed to purchase GPS and global navigation satellite system threat mitigation platforms provider Talen-X for an undisclosed sum. Jean-Yves Courtois, Orolia CEO, said in a statement published Tuesday the acquisition seeks to reinforce the company’s position as an assured positioning, navigation and timing technology platforms provider and build …

The Committee on Foreign Investment in the U.S. has finalized its review of the proposed acquisition of Schaumburg, Illinois-based electromechanical technology company Sparton (NYSE: SPA) by U.K.-based defense and aerospace contractor Ultra Electronics. Ultra said Monday it signed a timing agreement with the Justice Department and that the deal is still subject to antitrust …

The Committee on Foreign Investment in the U.S. has completed its review of the proposed $3.6 billion acquisition of DigitalGlobe (NYSE: DGI) by Canada-based MacDonald, Dettwiler and Associates. MDA said Thursday it secured clearance from the New York Stock Exchange to list and trade its common shares on NYSE under the ticker symbol “MDA” …

Shareholders at DigitalGlobe (NYSE: DGI) and Canada-based MacDonald, Dettwiler and Associates have separately approved the deal originally announced in February for MDA to buy the Westminster, Colorado-based Earth imaging services provider in an estimated $3.6 billion transaction. Holders of approximately 93 percent of shares in DigitalGlobe voted to approve the merger and that 81 …