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Tag Archives: M&A Activity

Report: Maxar’s Space Tech Business Draws Interest From Leonardo, Thales

European conglomerates Leonardo and Thales are considering a joint bid to buy Maxar Technologies (NYSE: MAXR) subsidiary that develops technology for space and terrestrial applications, Reuters reported Tuesday. Leonardo CEO Alessandro Profumo cited satellite antenna technology as a technology area of interest in MDA.

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L3Harris Technologies Unveils Four ‘Mission-Focused’ Business Segments

L3Harris Technologies (NYSE: LHX), the new company formed by the merger of defense contractors Harris and L3 Technologies, has organized its operations into four business segments with the goal to help government and commercial customers address mission requirements. Melbourne, Fla.-based L3Harris said Monday it expects to generate $17B in annual revenue through its operating businesses that will offer a range of technology platforms in the air, sea, land, space and cyber areas.

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Wells Fargo Securities Report Highlights CACI EBITDA Milestone, Capgemini-Altran Deal, Accenture Earnings Guidance

A new Wells Fargo Securities report says CACI International (NYSE: CACI) has reached the milestone of 10 percent earnings before interest, tax, depreciation and amortization margin. WFS Managing Director Ed Caso and Associate Analyst Justin Donati forecast that win rates will drive organic growth at the Arlington, Va.-based government contractor.

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IBM-Red Hat Merger Receives EU Approval

IBM (NYSE: IBM) has secured unconditional approval from the European Commission for its proposed acquisition of Red Hat (NYSE: RHT) for $34B cash, nearly two months after the U.S. Department of Justice cleared the transaction. The commission said Thursday the merger, which both companies first announced in October 2018, would not put market competition at risk.

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