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Tag Archives: M&A Activity

PwC: Global Aerospace, Defense M&A Hit $72B in 2017

A new PwC report says the value of global mergers and acquisitions in the aerospace and defense sector reached $72 billion in 2017, exceeding the previous record of $67 billion set in 2015. PwC reported that A&D companies worldwide recorded 454 M&A transactions last year with an average deal size of $411 million. Significant …

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Tetra Tech Buys BridgeNet in Aviation Tech Expansion Push

Tetra Tech (Nasdaq: TTEK) has purchased Newport Beach, California-based aviation technology systems provider BridgeNet International for an undisclosed sum. Dan Batrack, chairman and CEO of Tetra Tech, said in a statement published Thursday the combination will help the company expand its ability to deliver platforms for ground and airspace support, aviation …

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Report: Lockheed Asks DoD to Reimburse $212M in Restructuring Costs for Sikorsky Purchase

Lockheed Martin (NYSE: LMT) has asked the Defense Department to reimburse $212 million in restructuring costs associated with its $9 billion purchase of Sikorsky Aircraft in 2015 on the grounds that the Bethesda, Maryland-based defense contractor has been delivering $8 in savings for every dollar spent through the acquisition, Bloomberg …

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Report: AWS Buys Cybersecurity Firm Sqrrl

Amazon Web Services has purchased Sqrrl, a cybersecurity company founded by former National Security Agency employees, CNBC reported Tuesday. The transaction comes as AWS aims to integrate new security tools into the firm’s cloud platform and expand work with the intelligence community. Sqrrl CEO Mark Terenzoni said in the company’s …

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Chuck Prow: Vectrus Buys SENTEL to Add Intell Footprint, Expand Logistics & IT Offerings

Vectrus (NYSE: VEC) has bought Alexandria, Virginia-based SENTEL for $36 million in a push to grow client base in the intelligence and federal civilian markets as well as broaden logistics, information technology and technical service offerings for customer agencies. Colorado Springs-based Vectrus said Tuesday it funded the transaction with cash on hand and …

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Report: Boeing Amenable to Keeping Brazil’s ‘Golden Share’ in Embraer to Advance Tie-Up Talks

Boeing (NYSE: BA) intends to maintain the Brazilian government’s “golden share” in aerospace conglomerate Embraer in a push to address the Brazilian military’s concerns over a potential combination between the two aerospace companies, Reuters reported Friday. The “golden share” allows the South American country to exercise veto power over changes …

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Gus Bontzos to Head Peraton’s Defense & Electronic Warfare Sector; Stu Shea Comments

Gus Bontzos, formerly vice president and general manager of Peraton’s former advanced solutions organization, has been appointed president of the Herndon, Virginia-based company’s defense and electronic warfare sector. The defense and electronic warfare is one of the two newly established sectors that will serve as Peraton’s research-and-development center and support work …

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Rockwell Collins’ Shareholders OK UTC Merger; Kelly Ortberg Comments

Shareholders at Rockwell Collins (NYSE: COL) have cleared a deal for United Technologies Corp. (NYSE: UTX) to acquire the Cedar Rapids, Iowa-based avionics contractor for approximately $30 billion. Holders of at least 72 percent of outstanding shares in Rockwell Collins as of record date voted to approve the transaction during the Thursday …

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Report: Boeing, Embraer Discussions Raise Questions on Brazilian Firm’s Ownership

Talks of a potential combination between Chicago-based Boeing (NYSE: BA) and Embraer have not addressed questions such as the possibility of a joint venture and control over the Brazil-based aircraft manufacturer, Reuters reported Tuesday. Sources told Reuters that a potential JV might not be an effective measure to meet Boeing’s interest …

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Kevin Phillips: ManTech Eyes IT Capability Expansion Via Targeted Acquisitions

Kevin Phillips, CEO of ManTech International (Nasdaq: MANT), has said the company plans to grow its key capabilities through targeted acquisitions that would help support key clients and venture into emerging information technology areas, Inside Defense reported Friday. “We made a conscious decision over the last four or five years that …

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