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Tag Archives: Vertex Aerospace

Christopher Kubasik: L3 to Continue Investment Strategy After Vertex Aerospace Business Sale

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 …

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Executive Mosaic’s Weekly GovCon Round-Up: Wash100 GCW Reader’s Choice Awardees, Recent M&A Activity and Top 10 Stories

The Week’s Top GovCon News Stories View this email in your browser Weekly Roundup April 30 – May 4, 2018 Click here to see Real-Time GovCon Sector Quotes Executive Mosaic’s Weekly GovCon Round-Up: Wash100 GCW Reader’s Choice Awardees, Recent M&A Activity and Top 10 Stories Jim Garrettson, Executive Mosaic CEO Wash100: GCW …

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American Industrial Partners to Buy L3’s Vertex Aerospace Business Through $540M Cash Deal

New York-based private equity firm American Industrial Partners has agreed to buy Vertex Aerospace business from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction includes the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace systems segment and both companies …

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Michael Strianese: L3 Evaluates ‘Strategic Options’ for Vertex Aerospace Business

Michael Strianese, chairman and CEO at L3 Technologies (NYSE: LLL), has said the company has begun to assess strategic alternatives for Vertex Aerospace business after the New York-based aerospace and defense contractor posted a goodwill impairment charge for Vertex during the third quarter of 2017. Strianese said in a statement …

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L3 Subsidiary Gets $173M Navy T-45 Aircraft Support Contract Option

An L3 Technologies (NYSE: LLL) subsidiary has secured a potential $173 million contract modification to help the U.S. Navy maintain 201 T-45 Goshawk trainer aircraft units, systems and related support equipment. Vertex Aerospace will provide intermediate, organizational and depot-level engineering, logistics and maintenance services for the service branch’s T-45 fleet, the Defense Department …

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L3 Division Gets $83M Option in Navy TH-57 Fleet Services Contract

An L3 Technologies (NYSE: LLL) division has secured a one-year, $83.1 million contract modification for depot-level logistics and organizational services to the U.S. Navy‘s fleet of TH-57 Sea Ranger helicopters. The Defense Department said Tuesday the modification exercises an option for L3’s Vertex Aerospace business to the service branch maintain and perform support work …

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L3 Business Unit Completes Maintenance Work on 1st Boeing-Built KC-10 Tanker

TYSONS CORNER, VA, May 8, 2017 — A business unit of L3 Technologies (NYSE: LLL) has delivered the first Boeing-built (NYSE: BA) KC-10 aerial refueling aircraft to the U.S. Air Force after completing maintenance work under a logistics support contract, ExecutiveBiz reported Friday. L3 said Thursday its Vertex Aerospace division will perform “C-checks” and other …

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L3 Business Unit Wins $202M Contract to Support Marine Corps, Navy C-12s

An L3 Technologies (NYSE: LLL) business unit has won a potential $202.2 million contract to provide depot-level maintenance, logistics and sustaining engineering services for C-12 utility lift aircraft of the U.S. Navy and Marine Corps. The Defense Department said Wednesday L3’s Vertex Aerospace business will perform site support, aircraft and engine depot …

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Air Force Picks 16 Firms for $11.4B Fielded Active Weapon Tech Services IDIQ

The U.S. Air Force has awarded positions on a potential seven-year, $11.40 billion contract to 16 companies for support services to the Defense Department‘s fielded active weapon systems. The Air Force Sustainment Center in Oklahoma received 25 offers for the Contract Field Teams indefinite-delivery/indefinite-quantity contract through a competitive procurement,  DoD said Thursday. The CFT …

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L-3 Subsidiary to Provide Logistics Support for Air Force’s Trainer Aircraft

TYSONS CORNER, VA, Sept. 13, 2016 — An L-3 Communications (NYSE: LLL) subsidiary will provide logistics services for the U.S. Air Force‘s T-1A Jayhawk trainer aircraft under a $49.2 million contract modification, ExecutiveBiz reported Monday. The Defense Department said Friday the award to Vertex Aerospace exercises an option on an existing contract for on-equipment …

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