Roger Fellows, owner of Western Marine Electronics (WESMAR), Arcturus Marine Systems (ABT-TRAC), and SmartCatch, announced today the formation of a new marine technology company, INOV8V Marine Group, encompassing all three legacy brands.
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Sonardyne and MSubs have announced a strategic partnership to advance long-endurance autonomous underwater platform capabilities for the U.K. defense sector.
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NORBIT is in exclusive negotiations regarding an add-on acquisition of an undisclosed international maritime technology company. The acquisition will broaden the product offering in the oceans segment. NORBIT has signed a term sheet to this effect.
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Leidos Australia has secured a contract to develop an underwater sensor technology aimed at improving Australia’s maritime security.
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KVH Industries Inc. sold its maritime training business, the Videotel group of companies, to an affiliate of Oakley Capital for a base purchase price of $90 million, on a cash-free, debt-free basis, subject to working capital adjustments. The sale was completed immediately upon execution of definitive agreements. KVH expects to receive payment of the purchase price within 30 business days,
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SEATTLE — The U.S. Coast Guard’s Pacific Area commander discussed the service’s strategic outlook for the Arctic, its new class of polar security cutters, and its efforts to improve maritime domain awareness in the high latitudes. The keynote speech given by Vice Adm. Linda Fagan was during the Arctic Encounter Symposium in Seattle, Washington. The U.S. Coast Guard (USCG) recently
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