Tag Archives: divestiture

Christopher Kubasik, president and chief operating officer of L3Harris Technologies and a 2020 Wash100 Award winner, told the Washington Business Journal in an interview published Wednesday that the company will continue post-merger integration and advance organic growth initiatives and revenue synergies as it begins its second year of operations.

The Department of Justice is requiring Communications & Power Industries to sell its ASC Signal Division subsidiary and related assets in order for CPI to advance its acquisition of General Dynamics’ (NYSE: GD) antenna systems business.

The Department of Justice has given United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) an antitrust approval to proceed with their proposed merger through an all-stock transaction, Reuters reported Friday. A DOJ notice posted Thursday says the approval comes with a proposed settlement that requires both companies to divest to a U.S. approved-buyer Raytheon’s airborne tactical radios business and UTC’s military GPS business and its large space-based optical systems unit to maintain competition.

The European Commission approved United Technologies Corp.’s (NYSE: UTX) planned $121B merger with Raytheon (NYSE: RTN), Reuters reported Friday.

Executives from Leidos (NYSE: LDOS), ManTech International (Nasdaq: MANT), Parsons (NYSE: PSN) and Jacobs Engineering Group (NYSE: JEC) said they believe divestitures of smaller business units resulting from major mergers and acquisitions in the past two years could drive the next wave of M&As in the government contracting market, the Washington Business Journal reported Wednesday.

Harris (NYSE: HRS) and L3 Technologies (NYSE: LLL) set June 29, Saturday, as the closing date for their all-stock merger deal after they secured the regulatory clearances needed to complete the transaction.

A McAleese & Associates report says the merged company of L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) would invest 4 percent of $18B combined revenue in independent research-and-development efforts.

Arlington Capital Partners and NWI Holdings have respectively finalized their acquisitions of the fabrication and machining businesses from Triumph Group. Triumph Group said Monday it will refocus investment efforts on intellectual property systems and proprietary technology products designed for aftermarket and original equipment manufacturing clients. The deals include divestitures of …

Several top government contractors and industry experts attended Baird’s 2018 Government Services and Defense Conference. “2018 has been a transformational year of M&A at scale in the government services and defense market,” Jean Stack, managing director for global investment banking at Baird, told GovConWire. Stack added that she expects 2019 to …

Valiant Integrated Services has wrapped up its approximately $135 million cash acquisition of Cubic’s (NYSE: CUB) global defense services business. Bradley Feldmann, Cubic chairman, president and CEO, said in a statement published Friday the completion of the divestiture is a significant step for the company as it works to achieve and bring …