Hong Hou: Veritas Capital to Buy EMCORE’s Space Solar Cells Portfolio

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EMCORE (NASDAQ: EMKR) has agreed to sell its space photovoltaic systems unit to Veritas Capital for $150 million cash. The companies expect to complete the sale later this year or early next year, pending regulatory clearance and approval by EMCORE shareholders, EMCORE said Wednesday. “EMCORE’s board of directors and management team believe this transaction will benefit our satellite customers...

David Keffer Named EVP, CFO at SRA

David Keffer
David Keffer David Keffer, formerly corporate controller at SRA International, has been promoted to executive vice president and chief financial officer and will be in charge of the company’s financial functions and operations. The company also said Wednesday that Theresa Golinvaux will move up from assistant controller to VP and corporate controller and also serve as the company’s principal...

Rob Smith: Lockheed to Help Marine Corps Update Air Mission C2 System

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Lockheed Martin (NYSE: LMT) has won an $18 million contract to help the U.S. Marine Corps modernize an infrastructure for planning and coordinating the military’s air combat operations. The company said Thursday it will update and maintain almost 200 integrated software applications that run on the branch’s Virtualized Theater Battle Management Core System. USMC uses the platform to collaborate...

Boeing Awarded $293M DLA Aircraft Support Contract; Julie Praiss Comments

Logistics
The Defense Logistics Agency has awarded a potential 10-year, $293 million contract to Boeing (NYSE: BA) to provide components and support for 11 types of military aircraft. Boeing will supply aircraft parts and related ground support equipment for the AH-64, AV-8, B-1, B-52, C-17, CH-47, E-3, E-6, F-15, F/A-18, KC-135 platforms, the company said Wednesday. Julie Praiss, vice president of tactical...

Bassim Shebaro: Jacobs Engineering Raises Stake in Saudi Arabian Venture by 15%

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Jacobs Engineering Group (NYSE: JEC) has increased its stake in Saudi Arabia-based construction and engineering services company Jacobs ZATE from 60 percent to 75 percent. Bassim Shebaro, Jacobs group vice president, said Tuesday the investment is part of the company’s efforts to grow its presence in the Saudi Arabian market. Jacobs ZATE was formed in March 2008 following Jacobs Engineering Group’s...

ULA Arm Receives $938M Contract Modification on USAF Launch Vehicle Program

Launch of Atlas V MUOS-2, July 19, 2013 from Cape Canaveral AFS
A subsidiary of United Launch Alliance has received a $938.4 million contract modification from the U.S. Air Force for continued Evolved Expendable Launch Vehicle services for the Delta IV and Atlas V launch vehicles. United Launch Services will provide services such as program management, space and launch vehicle integration, launch operations and infrastructure sustainment for the fiscal year...

Ward Johnson: Jacobs to Continue NASA Engineering, Science Services Work

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Jacobs Engineering Group (NYSE: JEC) has received a $120 million contract modification to continue its work on a NASA engineering and science services program at the Marshall Space Flight Center in Huntsville, Alabama. The company will provide science, engineering and technical support for the Space Launch System, International Space Station, James Webb Space Telescope and other space science...

Tarik Reyes Appointed Business Development VP for Northrop’s Integrated AMD Org

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Tarik Reyes Tarik Reyes, a group director at Northrop Grumman‘s (NYSE: NOC) information systems sector, has been promoted to vice president of business development for the organization’s integrated air and missile defense division. The appointment takes effect immediately and he will oversee pipeline development, customer engagement and growth strategies for IAMD product offerings in his...

Army Taps 17 Firms for Army Research Lab/JIEDDO Challenge IDIQ

explosive disposal
The U.S. Army has selected 17 companies to participate in the initial task order for the Culvert Denial Challenge program, which is run by the Army Research Laboratory and Joint Improvised Explosive Device Defeat Organization. The Defense Department said Tuesday that the indefinite-delivery/indefinite-quantity contract is worth up to $49.5 million through September 2019. Work will encompass the...

Sankara Viswanathan Takes SVP, CIO Roles at Day & Zimmermann

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Sankara Viswanathan, most recently vice president of information technology applications and business integration at Day & Zimmerman, has been appointed as the company’s senior VP and chief information officer. The 12-year company veteran succeeds Anthony Bosco, who elevated to president of the company’s professional staffing services and workforce solutions business, D&Z said Tuesday. “My...