Austal rejected the bid based on concerns it would not be approved by regulators, something Hanwha says should not be an issue.
By Aaron MehtaBAE Systems’ LR-PGK: The Superior Anti-Jam Solution
Going the distance to defeat emerging jam threats.
Boeing acquired Germantown, Md.-based Digital Receiver Technology Inc. in 2008, when the aerospace giant was seeking to expand its presence in the intelligence sector.
By Valerie Insinna
Dean Rosenfield, group managing director at Saab UK, told media that the acquisition was part of a “deliberate strategy” to grow and expand business in Britain.
By Tim Martin
If regulators approve the deal for the US-owned Ball, the deal could be closed in the first half of 2024.
By Tim Martin
Aerojet will now become a fourth business unit within L3Harris in a deal previously estimated at $4.7 billion.
By Aaron Mehta
“We were advised today that the FTC will not block our acquisition of Aerojet Rocketdyne; therefore, we are
moving forward to close the transaction on or about July 28,” wrote L3Harris CEO Chris Kubasik in a note to investors.
CEO Bill Lynn described the firm’s recent experience going public and its narrowed focus on four key growth areas.
By Aaron Mehta
Enterprise-wide training: the Army’s $3.5B program for multi-service combat readiness
The competition for Warfighter Training and Readiness Solutions will bring together training networks, combat training centers and live ranges across the DoD enterprise.
The deal, which is subject to approval by the Federal Trade Commission, is expected to close in 2023.
By Valerie Insinna
Advent International to acquire Maxar in mid-2023. The satellite firm is a major provider of space-based imaging for the National Reconnaissance Office.
By Aaron Mehta
Overall, Lynn said, the company is “trying to spread our wings a bit” in terms of what DRS can offer the US military, with a focus on four key business areas: advanced sensing, network computing, force protection and electric power and propulsion.
By Aaron Mehta
Preliminary results show that the eight person slate led by Aerojet CEO Eileen Drake captured about 75% of shareholder votes.
By Valerie Insinna
“In terms of their vision for Aerojet, it’s not clear what the difference is between the two sides,” said Seth Seifman, an aerospace and defense analyst at J.P. Morgan. But “perhaps there’s some kind of opportunity … to influence shareholders one way or another.”
By Valerie Insinna
The report comes just days after a major deal between Lockheed Martin and Aerojet Rocketdyne was scuttled thanks to government pressure.
By Aaron Mehta
“Not only is the government skeptical of ongoing consolidation, it is not happy with the execution of those promises made in the past,” writes Bill Greenwalt of AEI.
By Bill Greenwalt