Tag Archives: Thales

Patrice Caine: Thales Closes $424M Buy of Vormetric in Cyber Market Push

Thales Group has closed its acquisition of San Jose, California-based data protection technology vendor Vormetric after the French conglomerate obtained regulatory clearance for the estimated $424 million transaction. Patrice Caine, CEO of Thales, said in a statement issued Thursday the company will integrate Vormetric into its e-Security business in a push to help organizations secure …

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Weekly Roundup Nov 16 – Nov 20 2015: A Post-Paris Look at the Global Arms Trade & More

Weekly Roundup Nov 16 – Nov 20 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Investors made a sharp turn this week to defense and other government contracting stocks after the Friday Paris attacks in anticipation of increased activity in the global weapons market. The GovCon …

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Harris 1Q Earnings Meet Wall Street Forecasts, Company Backs 2016 Guidance

Harris Corp. (NYSE: HRS) — one of 30 companies listed on Executive Mosaic’s GovCon Index — has reported earnings of $1.31 per share for the first quarter of its 2016 fiscal year to fall in line with the consensus Wall Street forecast and exceed the prior year figure by 13 cents. …

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Thales to Buy Data Security Firm Vormetric for $400M; Patrice Caine Comments

Thales has agreed to purchase San Jose, California-based security firm Vormetric for approximately $400 million as the companies seek to further their enterprise data protection initiatives. The transaction is subject to customary closing terms and is scheduled to close in the first quarter of 2016, Thales said Monday. Patrice Caine, CEO of …

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TCS Lands $223M US Army Micro Satellite Contract; Michael Bristol Comments

TeleCommunication Systems (Nasdaq: TSYS) has been awarded a $223.4 million contract to produce micro satellite very small aperture terminals for the U.S. Army. TCS said Wednesday will acquire MicroVSAT .65M and .95M terminals and 1.3M Flyaway VSAT terminals from Thales’ Tampa Microwave subsidiary and purchase baseband networking equipment from Klas Telecom. “With the continuing strong demand …

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Army Awards Viper Radios Order to General Dynamics, Thales

TYSONS CORNER, VA September 9, 2015 — General Dynamics (NYSE: GD) has subcontracted Thales to provide Vehicle Integrated Power Enhanced Rifleman radio systems in support of a U.S. Army contract worth $20 million, ExecutiveBiz reported Tuesday. Defense News said Friday the order is for 1, 100 Viper radios for use by the Army’s …

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Bloomberg: Investment Firms Bid on Airbus’ Defense Electronics Business

Airbus Group has received initial acquisition bids for its defense sensor and border security technology assets from private equity companies Blackstone, Carlyle Group and KKR & Co., Bloomberg reported Tuesday. Military technology firms Thales and Rheinmetall are also interested in acquiring the portfolio that generated approximately $1.2 billion in revenue during Airbus’ …

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Matt Desch: Iridium Seeks to Expand Broadband Service Diversity Through Thales Partnership

TYSONS CORNER, VA March 12, 2015 — Executive Mosaic — Executive Biz reported Wednesday on Iridium Communications’ partnership agreement with Thales allowing the latter to develop the Certus broadband service. Thales becomes the latest to join Iridium’s manufacturing partner network that also includes Rockwell Collins, L-3, ICG and Cobham SatCom, Iridium said …

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Thales Names Patrice Caine as CEO, Henri Proglio as Board Chairman

Patrice Caine, chief operating officer and chief performance officer of Thales, has been named CEO after service in various leadership roles since he joined the company in 2002. Thales also appointed former EDF Chairman and CEO Henri Proglio to serve as chairman of the board of directors, Thales said Dec. …

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Thales, MBDA Partner With Polish Firm on Bid for Poland’s Missile Defense System

Thales and MBDA have partnered with Poland’s Wojskowe Zaklady Uzbrojenia to offer the Aster 30 Block 1 missile in a joint bid for the Polish government’s Wisla contract, Defense News reported Tuesday. Pierre Tran writes that Thales and MBDA have submitted letters of intent for cooperation with WZU to bolster the local industry’s autonomy in producing and supporting …

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