Tag Archives: Chapter 11

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.

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.

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 …

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 …

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, …

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 …