This week, BAE Systems finalized the acquisition of Atlantic Marine following approval from the government. In May, BAE announced an agreement to purchase Atlantic Marine from JFL-AMH Partners, LLC, a portfolio company of the private-equity firm J.F. Lehman & Company for $352 million.
And CGI Group has once again extended its $903 million tender offer for Stanley. The new extension lasts through August 2. The previous extension expired last week.
Tags Atlantic Marine BAE Systems CGI Group Stanley
A joint venture between Ultra Electronics and Sparton has landed a two-year, $71.3 million contract modification to manufacture and deliver up to 20,000 anti-submarine warfare acoustic sensors to the U.S. Navy.
Leidos has secured a $58 million contract modification from the Defense Information Systems Agency to continue its work to modernize systems that automate artillery operations. The company will use a revised code convergence strategy to update the Advanced Field Artillery Tactical Data Systems, the Department of Defense said Wednesday.
General Atomics' aeronautical systems business has received the Federal Aviation Administration's approval to test a second Avenger Extended Range unmanned aircraft system in U.S. national airspace. The company said Wednesday it will use the FAA-granted experimental certificate to expand Avenger ER's testing activities for internal research and development, as well as contracted efforts.
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