IT firms Criterion Systems, Protas Solutions join forces

by Marc Selinger

Criterion Systems has expanded its footprint in the robust intelligence sector by acquiring fellow US information technology (IT) services business Protas Solutions, Criterion announced on 21 September.

Protas provides data science, software engineering, and management consulting to the US Intelligence Community (IC). Founded in 2015, the firm has about 30 employees, and is based in Reston, Virginia.

“This transaction highlights the continued demand for strongly positioned and established companies within the IC,” said Mitch Martin, managing director of financial services firm The McLean Group, which advised Protas on its sale.


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US FTC sues to block Lockheed Martin's purchase of Aerojet Rocketdyne

by Marc Selinger

A US Navy destroyer launches a Standard Missile-6 (SM-6) during a test. Aerojet Rocketdyne provides propulsion for most Raytheon missiles, including the SM-6. (US Navy)

The Federal Trade Commission (FTC) filed a lawsuit on 25 January seeking to block US defence contractor Lockheed Martin's proposed USD4.4 billion acquisition of US propulsion manufacturer Aerojet Rocketdyne, saying the combination could reduce competition in the missile market.


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Curtiss-Wright to buy Safran's aircraft arresting systems business

by Marc Selinger

US industrial conglomerate Curtiss-Wright Corporation plans to expand its defence portfolio by acquiring Safran Aerosystems Arresting Company (SAA) for USD240 million in cash, the buyer announced on 21 January.

SAA's arresting equipment for fixed-wing military aircraft is used on aircraft carriers and on land and will complement Curtiss-Wright's existing landing and recovery systems for military rotorcraft, Curtiss-Wright said. In addition, SAA sells to more than 70 countries, which is expected to give its future owner increased opportunities for foreign military sales.


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Elbit Systems UK builds British team to compete for domestic UAS projects

by Olivia Savage

Elbit Systems UK forms British industrial team to deliver UAS. (Elbit Systems UK)

Elbit Systems UK has formed and will lead a British industrial team of suppliers to compete for emerging unmanned aircraft system (UAS) programmes, the company announced on 20 January.

While Elbit Systems UK is experienced in UAS design and systems integration, the company hopes that utilising the skills of partner organisations and suppliers will enable the team to collectively deliver fully integrated and supported UAS capabilities. Co-operatively, Team Elbit intends to leverage their product portfolio, including the Skylark mini-UAS, to meet emerging requirements.


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https://www.janes.com/defence-news/land-forces/latest/it-firms-criterion-systems-protas-solutions-join-forces

Criterion Systems has expanded its footprint in the robust intelligence sector by acquiring fellow U...

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