Tag Archives: Cobham

Daniel Gelston, a two-decade intelligence and defense industry leader, will begin serving as president of defense and security group at CAE (NYSE: CAE) on Aug. 24.

Cobham’s advanced electronic solutions business has unveiled nine members of its board of directors five months after private equity firm Advent International acquired the U.K.-based aerospace and defense technology supplier.

The Defense Microelectronics Activity has awarded eight companies a $10.27B contract modification for engineering and technology insertion services intended to help modernize the Department of Defense’s electronic assets.

Advent International and Crosspoint Capital Partners have agreed to acquire Forescout Technologies (Nasdaw: FSCT) for $33 per share in cash, or approximately $1.9B, in a deal that will take the cybersecurity software company private. Michael DeCesare will remain as Forescout's president and CEO after the deal closes, the company said Thursday.

The U.K. government is likely to approve a deal for Advent International to acquire aerospace and defense contractor Cobham after the Boston-based private equity firm proposed several measures to address potential national security risks from the combination, Reuters reported Tuesday.

Sanjay Parthasarathy, a more than 25-year business development professional, has joined Leidos’ (NYSE: LDOS) defense group as vice president of business development and strategy for logistics and mission support operation.

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector was $11.1B in the third quarter of 2019 and the total deal value for year-to-date 2019 was $80.3B, increasing by 2.8x when compared with YTD 2018.

Advent International has secured regulatory approval in the U.S., European Union and Finland for the Boston-based private equity firm's proposed $5B acquisition of U.K.-based aerospace and defense technology supplier Cobham, Reuters reported Tuesday.

Private equity firm Advent International has agreed to pay approximately $4.99B, including debt, for U.K.-based aerospace and defense contractor Cobham, Financial Times reported Wednesday. The price of the deal represents a premium of nearly 35 percent over the Wednesday closing stock price of Cobham.

Thomas Casale, former president of L3 Technologies' radome manufacturing business, has joined Cobham as vice president and general manager of communications, navigation and identification and interconnect solutions unit. He will lead the business area that operates within Cobham's advanced electronic solutions sector and brings 30 years of radiofrequency and microwave industry experience to his new role, the company said Monday.