Author: Mary-Louise Hoffman|| Date Published: April 8, 2016
Rochester, New Hampshire-based specialty materials processing company Albany International (NYSE: AIN) has wrapped up its acquisition of Harris Corp.‘s (NYSE: HRS) aerostructures business for approximately $210 million in cash and capital lease.
Harris said Friday it will use proceeds from the deal originally announced in late February to pay down corporate debt.
The business generated about $77 million in revenues during 2015 and was part of Melbourne, Florida-based communications technology manufacturer Harris’ electronic systems segment.
Harris inherited the aerostructures unit through its $4.75 billion acquisition of Exelis that closed in May 2015.
Navy has five open solicitations covering shipyard, hypersonics, propulsion, training and fabrication The contracts range from small business research funding…
SAIC will provide systems engineering, technical integration and mission support for ground-based intelligence programs The recompete award pushes SAIC’s Intel…
Chuck Brooks is the president of Brooks Consulting International and one of Executive Mosaic’s GovCon Experts. Most people associate the Department of…
CGI Federal has been tapped to continue supporting GSA’s financial systems environment The Momentum-as-a-Service model bundles software licensing, hosting and…
Rochester, New Hampshire-based specialty materials processing company Albany International (NYSE: AIN) has wrapped up its acquisition of Harris Corp.‘s (NYSE: HRS) aerostructures business for approximately $210 million in cash and capital lease.
