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Tag Archives: transaction

NCR’s Stan Ratcliffe: Vision of ‘To Be’ State to Drive Self-Service Technologies

TYSONS CORNER, VA, March 22, 2016 — Stan Ratcliffe, president of NCR‘s (NYSE: NCR) government systems segment,  has said the reuse and repurposing of existing technologies can drive efforts to achieve the “to be” state in terms of having technology that supports self-service transactions, ExecutiveBiz reported March 10. Ratcliffe told ExecutiveBiz …

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The SI Org Closes Potential $215M Purchase of QinetiQ NA’s Services Arm

QinetiQ confirmed Tuesday that it has completed the sale of its U.S.-based services division to The SI Organization, a little more than a month after regulatory and shareholder approvals were met. The SI Organization has made an initial payment of $165 million for QinetiQ North America‘s services group and could …

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George Pedersen: ManTech Targets DHS Growth With Allied Technology Group Purchase

ManTech International (NASDAQ: MANT) has acquired engineering and information management services contractor Allied Technology Group for an undisclosed amount. Rockville, Md-based Allied Technology holds positions on two Department of Homeland Security acquisition vehicles that are worth up to $33 billion combined for all awardees, ManTech said Wednesday. “This acquisition is consistent …

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General Dynamics Wins $187M to Convert Abrams Tanks

General Dynamics Land Systems (NYSE: GD) has won a $187.5 million contract to convert 84 Abrams tanks into a new configuration. Work will support a foreign military sales agreement with Saudi Arabia, the Defense Department said Wednesday. The company will convert 44 M1A1 and 40 M1A2 model vehicles to the M1A2S configuration …

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Report: Pentagon Outlines $4.3B in Potential Arms Sales to Iraq

The U.S. Defense Department has informed Congress of nearly $4.3 billion in potential foreign military sales transactions with Iraq, Defense News reported Sunday. Paul McLeary writes the deals come as the country aims to address sectarian violence and terrorist attacks. “Iraq is moving back to a primary state of civil …

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Report: Lockheed Closes $7B Deal to Supply 71 F-35s to DoD

Lockheed Martin (NYSE: LMT) has secured a $7 billion contract to provide the Defense Department  with 71 F-35 aircraft as part of a potential $392 billion military arms procurement and development program, Reuters reported Monday. Andrea Shalal-Esa writes news of the deal comes as the armed forces aim to catch up …

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DRS Wins Potential $455M Army Vehicle C4ISR Equipment Contract

A DRS Technologies subsidiary has secured a potential $455 million deal to help the U.S. Army install new equipment on vehicles, Military and Aerospace Electronics reported Wednesday. John Keller writes the contract calls for DRS Tactical Systems to produce mounted components for C4ISR equipment (command, control, communications, computers, intelligence, surveillance, and reconnaissance). The Army …

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Harris Wraps Up $225M Broadcast Group Sale

Harris Corp. (NYSE:HRS) has completed the sale of its broadcast communications business to an affiliate of The Gores Group LLC for $225 million, Harris said Tuesday. The transaction value includes $160 million in cash, a $15 million subordinated promissory note and a potential $50 million earnout based on the group’s …

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DigitalGlobe, GeoEye Complete Merger; Jeffrey Tarr Comments

DigitalGlobe (NYSE: DGI) and  (NASDAQ: GEOY) have completed their $900 million cash-and-stock merger, DigitalGlobe said Thursday. Both companies announced the transaction in July 2012, saying they are aiming to grow in the commercial and international markets and depend less on the U.S. government for revenue. “I look forward to working closely with …

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Ingenicomm Buys Kratos Subsidiary’s Telemetry Processor Line; Amit Puri Comments

Equipment and engineering services firm Ingenicomm has acquired the programmable telemetry processor product line from CVG-Avtec Systems, a subsidiary of Kratos Defense and Security Solutions. Ingenicomm did not disclose terms of the transaction in its release Monday and said the company will continue to support new and existing programs for …

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