Deals this week: Security First, M7 Aerospace, Rockwell Collins, Rolls-Royce

12 May 2016 (Last Updated May 12th, 2016 18:30)

Security First, a company headquartered in the US, has raised $14.77m through the issue of debt securities.

Security First, a company headquartered in the US, has raised $14.77m through the issue of debt securities.

An additional capital of $0.23m is proposed to be raised by the company in a debt offering.

Security First offers defence, government and commercial enterprises with data protection and information assurance services.

“The Type 26 combat ships are intended to replace the Type 23 frigates in service with the Royal Navy.”

M7 Aerospace has secured a $7.5m contract from the US Navy for the modernisation of C-26 military transport aircraft.

The upgrades will be performed at the United States Naval Test Pilot School (USNTPS) until September this year.

Rockwell Collins has been awarded a contract by Neya Systems and Northrop Grumman Corporation to deliver 2,000 MicroGRAM GPS receivers for the US Navy's bomb disposal robots.

The GPS receivers will be integrated into the Autonomous Behavior Capability Module developed by Neya in support of the Naval Surface Warfare Center AEODRS Increment 1 programme.

Rolls-Royce has secured a contract from BAE Systems to provide diesel generators for the first three Type 26 anti-submarine warfare ships.

The Type 26 combat ships are intended to replace the Type 23 frigates in service with the Royal Navy.

Each ship will be propelled by four 3MW MTU diesel generators.