Deals this week: FLIR Systems, Orbital ATK, Raytheon
FLIR Systems has signed an asset purchase agreement to buy Point Grey Research for $253m.
Point Grey Research business will operate as the FLIR Systems’ Integrated Imaging Solutions under its original equipment manufacturer (OEM) and emerging segment, upon completion of the transaction by the end of 2016.
The deal will help expand the acquirer’s visible light camera and intelligent imaging solutions.
Orbital ATK has been selected to supply non-US standard ammunition for the allied nations of the US.
The ammunition will be delivered under $126m-worth basic ordering agreement contracts, awarded by the US Department of Defense.
DRS Network & Imaging Systems has secured a prime contract award from the US Defense Logistics Agency Land and Maritime to supply electronic devices to the US Army.
Valued at $50m, the five-year deal covers sensors and display control modules for integration onto the tactical wheeled vehicle.
Sikorsky Aircraft has received a $38.39m modification to a previously awarded contract from the US Army.
The contract modification will allow Sikorsky to build and deliver four UH-60M Black Hawk multi-mission helicopters for the Ministry of National Defense of Tunisia, through April 2020.
The US Army Contracting Command has awarded a three-year support services contract to Raytheon Company.
Raytheon will provide repair, maintenance, field support services to the US Army’s Humvee-mounted satellite terminal Secure, Mobile, Anti-Jam, Reliable, Tactical-Terminal SMART-T under the $38.21m-worth contract.