Tag Archives: merger

Octo, a Reston, Virginia-based government information technology services provider, and software development company Sevatec have merged to form a combined organization that will provide tech platforms and services to help federal government clients address complex IT challenges. Mehul Sanghani, founder and CEO of Octo, said the transaction creates a “pure-play” modernization and platforms provider in support of the federal government and its missions.

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

BAE Systems’ U.S. subsidiary has agreed to acquire two businesses that are being divested in order for United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) to secure the required antitrust approval for their pending merger.

TYSONS CORNER, VA, January 7, 2020 — PAE’s national security solutions division has booked contracts worth more than $1.1B last year to support government customers such as the intelligence community, ExecutiveBiz reported Dec. 19.

Drone Aviation and ComSovereign, a U.S.-based consortium of businesses involved in 5G telecommunications radio, power systems and silicon photonics, have completed their merger for an undisclosed sum. The newly combined company will operate as ComSovereign Holding and will focus on providing wireless carrier customers with 5G/NR connectivity and carrier backhaul capability for fixed infrastructure and mobile aerial communications platforms, Drone Aviation said Wednesday.

Virgin Galactic and Social Capital Hedosophia are set to close the two firms' merger deal Friday and launch the first publicly traded space tourism company, CNBC reported Thursday. The report said Virgin Galactic could start to trade on the New York Stock Exchange by Monday under the ticker symbol "SPCE."

Guidehouse, a management consultancy backed by Veritas Capital, has closed its purchase of Navigant Consulting to broaden work in both the government and commercial sectors. "Together we will serve our clients with distinction around the world, helping them address their most difficult challenges," said Scott McIntyre, CEO of Guidehouse and a 2019 Wash100 awardee.

Stockholders at Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) approved at their respective meetings the companies’ agreement to merge in an all-stock transaction and create a technology provider that will be known as Raytheon Technologies.

Nicolas Pujet, a corporate vice president and part of the strategy team at United Technologies Corp. (NYSE: UTX), will lead technology and engineering operations at UTC on an interim basis, Hartford Courant reported Wednesday.

Anthony “Toby” O’Brien, chief financial officer of Raytheon (NYSE: RTN), will become CFO of the combined company once Raytheon and United Technologies Corp. (NYSE: UTX) complete their merger.