GovCon Wire Your Direct Source for Government Contracting News
The Federal Communications Commission has cleared the sale of satellite company OneWeb to the U.K. government and Bharti Global, SpaceNews reported Wednesday.
Read More »FCC OKs OneWeb Sale to UK Government, Bharti Global
Federal Bankruptcy Court OKs Sale of OneWeb to UK Gov’t, Bharti Under Reorg Plan
A federal bankruptcy court judge for the Southern District of New York has approved a reorganization plan clearing the sale of satellite company OneWeb to the U.K. government and Bharti Global, SpaceNews reported Thursday.
Read More »Hughes to Participate in UK Gov’t-Bharti Consortium for OneWeb; Pradman Kaul Quoted
Hughes Network Systems has agreed to make an in-principle investment of $50M in a consortium with the U.K. government and Bharti Enterprises that will take over satellite company OneWeb.
Read More »Lockheed to Acquire GalacticSky Satellite Tech From Vector
Lockheed Martin (NYSE: LMT) will acquire by default Vector’s satellite technology assets in bankruptcy proceedings after the U.S. Bankruptcy Court for the District of Delaware announced that no qualified bids were submitted by a Feb. 21 deadline, SpaceNews reported Monday.
Read More »Carlyle Group to Make Equity Investment in Military Aircraft Service Provider NORDAM
The Carlyle Group (Nasdaq: CG) signed an agreement to invest in NORDAM, a family-owned aerospace manufacturing and repair company, and will support the latter’s strategic plan and growth initiatives. The equity investment from the Carlyle Strategic Partners IV L.P. fund and debt financing will also help NORDAM emerge from Chapter …
Read More »Avaya Names 7 Board Members Under Reorganization Plan
Avaya has appointed seven new members to its board of directors as part of the Santa Clara, California-based communications technology firm’s reorganization effort. Jim Chirico, formerly chief operating officer at Avaya who assumed the president and CEO roles in October, will serve as a board member once the reorganization is …
Read More »COO Jim Chirico to Succeed Kevin Kennedy as Avaya CEO
Jim Chirico, chief operating officer and global sales leader at Avaya, has been named CEO and a board member of the Santa Clara, California-based communications technology firm in a move that takes effect Oct. 1. He will succeed the retiring Kevin Kennedy, who will remain with the company as an adviser, …
Read More »L-3 to Buy Implant Sciences’ Explosive Trace Detection Assets for $117M
L-3 Communications (NYSE: LLL) has agreed to purchase the explosive trace detection business assets of Implant Sciences for $117.5 million cash in a push to expand the former’s portfolio of security and detection platforms. L-3 said Monday it will assume specified liabilities under the asset purchase agreement with Implant Sciences and will integrate …
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