Global alternative asset manager The Carlyle Group (NASDAQ: CG) has acquired AxleTech International, a global engineering and manufacturing company for off-highway and specialty vehicle drivetrain systems and components headquartered in Troy, Michigan, from General Dynamics Corporation. Terms of the transaction were not disclosed More
British defence technology firm QinetiQ agreed to sell its U.S. services division for up to $215 million, which it will use to help launch a share buyback and pay down debt. The former research arm of Britain’s Ministry of Defence said on Tuesday the sale to U.S. engineering group The SI Organization would allow QinetiQ to focus on its core British defence and products business and on expanding in cybersecurity.More
Stone Key Group today announced that effective immediately, Michael J. Urfirer will become the firm’s sole Chairman and Chief Executive Officer and Doni L. Fordyce, one of the Founding Partners of Stone Key Capital, will take on the additional responsibilities of President and Chief Operating Officer of Stone Key Group. The leadership changes are part of the firm’s long-term strategic plan to ensure Stone Key’s continued growth.
Stone Key Group LLC, a private merchant bank focused on providing independent strategic and financial advisory services to, and making proprietary investments in, the Government and Commercial Technology sectors, today announced that Denis A. Bovin and Michael J. Urfirer, both Co-Chairman and Co-Chief Executive Officers of Stone Key Group, have agreed to amicably end their 20-year collaboration. Mr. Bovin has decided to leave Stone Key. Mr. Urfirer will become the firm’s sole Chairman and Chief Executive Officer.
This year’s list focuses more on policy, budget and strategic issues, and less on personnel and veterans issues. More
DigitalGlobe, Inc. (NYSE: DGI) (“DigitalGlobe”) and GeoEye, Inc. (NASDAQ: GEOY) (“GeoEye”), today announced the completion of their combination, creating a global leader in earth imagery and geospatial analysis. The combined company will trade on the NYSE stock exchange as DigitalGlobe under the symbol DGI. Based on the closing price of DigitalGlobe stock on January 30, 2013, the combined company has a market capitalization of $2.1 billion. More
The U.S. defense community encompasses the best America has to offer: leadership, innovation, technology and vision. It’s a combination that has helped ensure the U.S. has fielded the best-trained, best-equipped military force in the world for nearly a century. More
DigitalGlobe, Inc. and GeoEye, Inc. announced that the boards of directors of both companies have unanimously approved a definitive merger agreement under which the companies will combine in a stock and cash transaction having approximately $1.1 billion in transaction value and $900 million in enterprise value. The combination of DigitalGlobe and GeoEye will create a global leader in earth imagery and geospatial analysis with a more diversified revenue base, a strong financial foundation and significant growth potential. More