Tag Archives: M&A Activity

Colorado-based EchoStar (Nasdaq: SATS) called on Inmarsat to initiate discussions with shareholders about its $3.2 billion takeover offer and that it would pursue the bid if given a deadline extension, Reuters reported Friday. EchoStar has until Friday, July 6, to decide whether to present a firm offer for Inmarsat or drop the …

New York-based investment firm American Industrial Partners has closed its purchase of Vertex Aerospace businesses from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction initially announced in May is subject to customary adjustments and covers the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace …

L3 Technologies (NYSE: LLL) has purchased Columbia, Md.-based aerospace engineering and space situational awareness services provider Applied Defense Solutions for approximately $50 million in a move to build up its space mission capabilities. L3 said Monday it will operate the newly acquired firm as L3 ADS to provide space exploration, space systems mission …

Dell Technologies (NYSE: DVMT) said it will buy out VMware’s (NYSE: VMW) tracking stock in a cash-and-stock deal valued at approximately $21.7 billion in a move to go public again without filing for an initial public offering, Reuters reported Monday. Dell will swap 1.3665 shares of its Class C stock, or …

Larry Prior, formerly president and CEO of CSRA and a four-time Wash100 winner, has joined The Carlyle Group (Nasdaq: CG) as an operating executive consultant for the private equity firm’s aerospace, defense and government services team. He will provide the team with investment guidance on acquisition and sourcing and offer advice to …

Sharon Brady, a 17-year veteran of Huntington Ingalls Industries’ (NYSE: HII) Stoller Newport News Nuclear business, has been named chief operating officer of SN3. She assumed her new role on June 4 after serving as director of business services for the Savannah River National Laboratory, where SN3 is part of …

Colorado-based EchoStar (Nasdaq: SATS) disclosed in a stock exchange filing that it has secured a 3 percent equity stake in U.K.-based Inmarsat valued at approximately $108.9 million and a 10.4 percent position in the latter’s convertible bonds worth $67.4 million, Reuters reported Friday. EchoStar needs to decide by July 6 whether …

MAG Aerospace has bought North American Surveillance Systems in a move to grow aircraft systems integration and technical service offerings. The deal adds more than 75 aircraft integration, modification, maintenance, repair and overhaul professionals to MAG’s workforce, the company said Monday. MAG works with federal customers to help them operate manned and unmanned …

Mac Curtis, Perspecta (NYSE: PRSP) president and CEO, led the ringing of the opening bell Monday at the New York Stock Exchange to mark the company’s launch after it completed its separation from DXC Technology (NYSE: DXC) and merger with Vencore and KeyPoint Government Solutions. Mike Lawrie, chairman of Perspecta’s …

Chris Bauer, a more than 25-year government contracting industry veteran, has joined Valiant Integrated Services as a senior vice president and chief operating officer of the firm’s national security and mission support division. Bauer will lead the delivery of knowledge-based services such as intelligence analysis and language services as well as …