Applied Composites on Wednesday said it has acquired Alliance Spacesystems, LLC, a developer and manufacturer of composite structures and assemblies for the commercial, civil and government satellite markets. Terms of the deal were not disclosed. The acquisition is the fifth by Applied Composites, which was created by the private equity firm AE Industrial (AEI) Partners. Based…

KBR, Inc. on Wednesday said it has agreed to acquire Centauri for $827 million in cash in a deal that complements its existing civil space business with work in the space domain for military and intelligence customers, much of it highly classified with a strong growth trajectory and margin performance. Stuart Bradie, KBR’s president and CEO, said…

L3Harris Technologies last Friday reported a big drop in proforma net income due to the sale of its security detection and automation business, costs related to the ongoing pandemic, and merger costs related to the acquisition of L3 Technologies by Harris Corp. last summer. Pro forma sales were flat at $4.4 billion as growth in…

Bolstered by generally solid results across its operating segments, Northrop Grumman on Thursday reported higher sales and earnings in its Second Quarter (Q2) and the company raised its outlook for the top and bottom lines for 2020. Net income rose 17% to $1 billion, $6.01 earnings per share (EPS), from $861 million ($5.06 EPS) a year…