Amazon (NASDAQ:AMZN) adds low-cost carrier Sun Country Airlines to its domestic airfreight operations.
The Apollo-owned (NYSE:APO) Sun Country will operate 10 Boeing cargo jets to support Amazon’s next-day shipping efforts.
Amazon has existing domestic partnerships with Air Transport Services Group and Atlas Air Worldwide, which operate about 50 jets for the tech giant. AMZN plans to add at least another 20 by the end of 2021.
FormFactor signs new MeasureOne partner
FormFactor (NASDAQ:FORM) and Virginia Diodes are teaming up to deliver a test solution probing millimeter wave and terahertz semiconductor devices above 500 GHz. Financial terms weren’t disclosed.
The agreement falls under FormFactor’s MeasureOne partnerships, where FORM selects partners to “deliver optimized, application-specific tools which accelerate and de-risk customer test development.”
FormFactor also has MeasureOne partnerships with Keysight and Dominion Microprobes.
Leidos buys Dynetics for $1.7B
Leidos (NYSE:LDOS) will acquire the applied research and national security solutions company for $1.65B in cash.
Dynetics provides high-technology, mission-critical services and solutions to the U.S. government.
Leidos says the purchase will enhance its Defense, Intelligence, and Civil businesses.
Facebook launching new fact-checking program – Axios
Facebook (FB +0.3%) is creating a new U.S. pilot program that will use part-time contractors as fact-checkers, according to Axios.
The “community reviewers” will examine the content that machine learning has flagged as potential misinformation, making it easier for FB’s partners to debunk false claims.
Facebook will hire the contractors through Appen.
WeWork secures $1.75B in financing
WeWork (WE) has secured financing led by Goldman Sachs (NYSE:GS), according to WSJ sources. Goldman is committed to providing capital but will pass portions of the total on to other investors.
The new line of credit is the first step in SoftBank (OTCPK:SFTBF,OTCPK:SFTBY) putting together $5B in debt financing as part of its WeWork bailout.
The line should free up about $800M in cash WeWork had earmarked for covenants on its previous credit line.
