In the week 31 January to 6 February two aerospace, defence and security acquisitions took place seeing Veritas Capital acquire Northrop Grumman’s IT and Mission Support Services Business for $3.4bn and General Atomics purchase Tiger Innovations for an undisclosed fee according to tracking by GlobalData.

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Northrop Grumman has completed the divestment of its IT services business to an affiliate of US-based private equity firm Veritas Capital for $3.4bn.

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McKean Defense Group has completed its previously announced acquisition of Mikros Systems, a company that provides hardware and software solutions for advanced maintenance applications.

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According to data collected by GlobalData, three aerospace, defence and security deals took place in the second working week of January, including Aerovironment’s $405m purchase of Arcturus UAV and Hanwha Aerospace’s acquisition of a 30% stake in Satrec.

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Mission-critical vehicle and equipment manufacturer Oshkosh has completed the previously announced acquisition of Pratt Miller for a cash-free, debt-free purchase price of $115m.

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In the first working week of January, aerospace, defence and security deals tracked by GlobalData were down 15% compared to the same period for the previous year; six deals were recorded including the acquisition of TMC Design by LinQuest.

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Teledyne Technologies Incorporated has signed a definitive agreement to acquire FLIR Systems in a cash and stock transaction valued at nearly $8bn.

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TransDigm Group, the $31 billion US aerospace supplier, set the defence industry alight when it revealed it had bought the communications and navigation division of British aerospace manufacturing company Cobham for $965 million in cash.   TransDigm, which makes components, systems and sub-systems for use on commercial and military aircraft, is looking to add a …

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Raytheon Missiles & Defence and Rafael Advanced Defense Systems have entered a joint venture agreement to establish an Iron Dome production facility in the US.

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Anduril, a US venture capital-backed defence technology business, has secured $200m of Series C funding and doubled its valuation to $1.9bn.

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