Tag Archives: justice department

Kratos Defense and Security Solutions (Nasdaq: KTOS) has agreed to acquire Communications & Power Industries’ ASC Signal Division subsidiary for $35M in cash as part of efforts to expand its antenna systems and other offerings across the space ground sector and expand support for defense missions and intelligence 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.

Leidos (NYSE: LDOS) has been awarded the potential $850 million Enterprise Standard Architecture V task order for managed IT services to the Bureau of Alcohol, Tobacco, Firearms and Explosives as well as other Department of Justice components.

Veritone has secured a two-year, indefinite-delivery/indefinite-quantity contract to help the Department of Justice transcribe and translate audio or video content with an artificial intelligence-powered technology.

AMERGINT Technologies Holdings has agreed to acquire the space-based precision optics business of Raytheon Technologies (NYSE: RTX) for an undisclosed sum. The Danbury, Conn.-based space-based optics business is part of Raytheon Technologies’ Collins Aerospace subsidiary and provides precision electro-optical systems for defense and national security space missions.

The Department of Defense asked a federal judge to approve its motion for a 120-day remand to reassess its decision to award the potential 10-year, $10B Joint Enterprise Defense Infrastructure cloud computing contract to Microsoft (Nasdaq: MSFT), Nextgov reported Monday.

United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the regulatory clearances needed to close the transaction. According to a joint statement, the combined company will operate as Raytheon Technologies and trade under the “RTX” ticker symbol on the New York Stock Exchange.

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 required waiting period for Science Applications International Corp.’s (NYSE: SAIC) proposed acquisition of the federal arm of Unisys (NYSE: UIS) under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired Thursday, March 12, the companies said in a joint release published Friday.

Joe Klimavicz, formerly chief information officer of the Department of Justice, has joined KPMG as a managing director, FedScoop reported Thursday. He will advise federal agencies on cybersecurity and cloud migration in his new role at KPMG.