Archive: Business/Financial

Culmen International Acquires Data Analytics Company Centrifuge Systems

Culmen International on Tuesday said it has acquired Centrifuge Systems, adding capabilities in data integration and visualization software. Terms of the deal were not disclosed. Combined with Centrifuge, Culmen has more than 250 employees. Culmen and Centrifuge are both based in Northern Virginia. Culmen has capabilities in global procurement and logistics support, Internet of Things, […]

Boeing HorizonX Leads Investment In SatCom Firm Isotropic Systems

Boeing [BA] on Wednesday said its HorizonX venture arm has invested in Isotropic Systems, a startup that is developing satellite user terminals for low-cost broadband connectivity. London-based Isotropic said HorizonX led a $14 million Series A funding round that includes WML, Space Angels and Space Capital. Isotropic is developing satellite terminals that it says cost […]

HAC-D Member Calvert Selected as New Ranking Member

Rep. Ken Calvert (R-Calif.) will be ranking member for the House Appropriations Defense Subcommittee (HAC-D) for the 116th Congress, his office said Tuesday. Calvert has served in the House since 1993. He was previously a member of the HAC-D subcommittee, serving as vice chairman in the 115th Congress. In a statement, Calvert said he looks […]

SAIC Closes $2.5 Billion Deal For Engility

After the close of the stock markets on Monday, Science Applications International Corp. [SAIC] said it has completed its $2.5 billion stock acquisition of Engility, creating a $6.5 billion company with 23,000 employees focused technology integration and services. SAIC CEO Tony Moraco said in statement that the company is “driven by mission, united by purpose […]

TSA Delays Source Selection For Advanced Checkpoint Scanners

Until President Trump finds a resolution to his $5.7 billion demand for border wall funds, the Transportation Security Administration has essentially put on hold its acquisition plans for advanced systems to screen passengers’ bags at airport checkpoints, according to government and industry officials. TSA had hoped as early as late 2018 to begin purchasing the […]

Brazil Approves Boeing, Embraer Joint Ventures

Brazil’s government on Thursday approved joint ventures between Boeing [BA] and Embraer [ERJ], the country’s aerospace and defense company, a strategic partnership that will give the U.S. aerospace giant a play in smaller commercial aircraft and a multi-mission military aircraft. Terms of the strategic partnership were agreed to between the two companies in December. Under […]

TSC, ADS Merge To Form ADS Federal

Technical Services Corporation (TSC) on Monday said it has acquired Accelerated Development & Support Corporation and has renamed the company ADS Federal, which is focused on program support, information technology solutions, and expertise in science and technology research, development and integration. Terms of the deal were not disclosed. ADS Federal has 120 employees and will […]

Kellstrom Defense Acquires Williams Aerospace

Kellstrom Defense Aerospace (KDA) on Monday said it has acquired Williams Aerospace and Manufacturing (WAM) in a deal that increases its manufacturing capabilities and product portfolio. Terms of the deal were not disclosed. Both companies are based in California. WAM has 25 employees and with the acquisition KDA now has 200 employees. WAM has a […]