merger Archives - Aviation Tech Today

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Commercial

Frontier and Spirit Airlines Reach Merger Agreement to Become Fifth Largest US Airline

Frontier and Spirit Airlines have reached a definitive merger agreement under which the two companies will combine—if approved by regulators—to establish the fifth largest airline in the U.S. The two low-cost carriers…

Military

Harris, L3 Technologies to Create a New Merger of Equals

Harris Corp. and L3 Technologies announced a blockbuster deal that would create the sixth-largest U.S. defense contractor with about $16 billion in sales and a market capitalization of $33.5 billion, with Harris…

Connectivity

Inmarsat Rejects Echostar's 'Undervalued' Bid

British mobile satellite operator Inmarsat has rejected a $3.2 billion bid from U.S.-based satellite group EchoStar, saying the offer “very significantly undervalued” the company and its standalone prospects. Echostar dropped the offer minutes before the…

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