Hello, Guest!
  • Friday, November 22, 2024
Dave Logan

BAE’s US Subsidiary Finalizes Airborne Radio Business Purchase; Dave Logan Quoted

Dave Logan
Dave Logan

BAE Systems Inc., the British contractor’s U.S. subsidiary, has wrapped up its $275 million acquisition of a Raytheon Technologies (NYSE: RTX) unit that produces airborne tactical radio systems for defense customers and aircraft manufacturers.

BAE first announced the transaction in January along with a separate pending $1.925 billion deal to buy the military global positioning system business operating under Collins Aerospace, formerly owned by United Technologies Corp.

The Department of Justice required the divestitures as a precondition to clear the Raytheon-UTC merger, which closed early in April.

Dave Logan, vice president and general manager of C4ISR systems at BAE Systems Inc., said in a statement released Monday the company seeks to deliver electronic mission and control platforms to its joint customer base with the ATR business.

The deal adds multiband, multichannel radio offerings to BAE’s airborne communications technology portfolio.

Video of the Day

Related Articles

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ Contract Awards

Navy Awards 8 Companies Spots on $701M Ship Maintenance IDIQ

Eight companies have won spots on a five-year, $701 million indefinite-delivery/indefinite-quantity contract from the U.S. Navy to repair, maintain and modernize non-nuclear surface ships homeported in Mayport, Florida. The contractors will conduct continuous maintenance emergent maintenance of the ship and provide short-term support to the Chief of Naval Operations, the Department of Defense said Wednesday.

NuAxis Innovations Names Heather Newlin as Chief Delivery Officer; Raza Latif Quoted Executive Moves

NuAxis Innovations Names Heather Newlin as Chief Delivery Officer; Raza Latif Quoted

Heather Newlin, a GovCon industry executive, has joined federal information technology company NuAxis Innovations as chief delivery officer. NuAxis Innovations CEO Raza Latif announced Newlin’s appointment in a LinkedIn post published Wednesday. “With Heather’s extensive experience in service delivery and her expertise in leading mid-sized federal businesses, I am confident that she will lead us

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major