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Elbit Signs $158M Deal for Nice Systems’ Cyber Division; Bezhalel Machlis Comments

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Elbit Systems (Nasdaq: ESLT) has signed an agreement for its Cyberbit subsidiary to purchase the cyber and intelligence division of Nice Systems for up to $157.9 million. Elbit said Thursday it will pay $117.9 million in cash upon the transaction’s scheduled closure in the third quarter of 2015 and up to $40 million under an earn-out agreement ...

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John Fratamico: Leidos to Help Navy Train Sensor Operators

John Fratamico

Leidos (NYSE: LDOS) has been awarded a four-year, $49 million contract to develop, integrate and maintain training and analysis systems for U.S. Navy sensor operators. The company said Wednesday that it would perform scientific, engineering and technical support for the training design, fabrication and implementation. Leidos will perform work in ...

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General Dynamics NASSCO Awarded USS Mitscher Ship Modernization Contract

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General Dynamics‘ (NYSE: GD) NASSCO subsidiary has received a potential $40 million contract to help the U.S. Navy‘s modernize its USS Mitscher warship. The Navy initially awarded $36.4 million to NASSCO and the contract will reach its full potential value if all options are exercised, NASSCO said Wednesday. Work also ...

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Northrop Appoints Sonal Deshpande, Steve Lunny to Electronic, Info Systems VP Roles

northrop Grumman_BLUE

Northrop Grumman (NYSE: NOC) has named Sonal Deshpande as vice president of mission assurance for its electronic systems business and Steve Lunny as VP and a program manager within its information systems business. The company said Wednesday Deshpande will be in charge of quality and product assurance, process excellence, supplier mission assurance and compliance for the electronic systems ...

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Engility Secures $10M Follow-On Order for US Army Logistics Modernization Platform; Tony Smeraglinolo Comments

Tony Smeraglinolo

The U.S. Army has awarded Engility Holdings a one-year, $10 million follow-on order to provide management, enterprise transformation, financial and technical support services for the military branch’s Logistics Modernization Program Product Management Office. The company said Wednesday work will occur at several sites of the military service, including Alexandria, Virginia, ...

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May 20 Market Close: GovCon Index, US Stocks Rise After Fed Minutes Release

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The GovCon Index closed in positive territory Wednesday with a gain of 0.108 points to 75.543 on a day that saw investors react to the release of the Federal Reserve‘s April meeting minutes. Fed leaders expressed doubt over the possibility of an interest rate hike by June and U.S. stocks traded after those minutes went public but ...

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Cynthia Shelton Joins CenturyLink Gov’t Segment as Special Program Sales VP

Cynthia Shelton

Cynthia Shelton, formerly a business line vice president at General Dynamics (NYSE: GD), has joined CenturyLink (NYSE: CTL) as VP of special program sales at the telecommunications contractor’s government services business area. The two-decade industry veteran will oversee the firm’s sales in intelligence and cybersecurity services to the federal government and report directly ...

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State Dept OKs $2B Bomb Guidance Kit Sale to Israel

State Department

The State Department has cleared a potential $1.879 billion foreign military sale of Boeing-built (NYSE: BA) Joint Direct Attack Munition tail kits and related equipment, parts and logistics services to Israel. Israel ordered 14,500 KMU-556C/B JDAM kits with GBU-39, BLU-113 and Mk-80 series bombs, Hellfire and Advanced Medium Range Air-to-Air ...

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Report: UTC in Talks With Potential Sikorsky Buyers

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United Technologies Corp. (NYSE: UTC) has begun discussions with other companies about a potential sale of UTC’s Sikorsky Aircraft subsidiary, the Wall Street Journal reported Tuesday. Citing several sources, Dana Mattioli and Ted Mann write that Airbus Group, Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) are considering making offers ...

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Leidos Signs Deal to Repurchase $100M in Outstanding Shares

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Leidos Holdings (NYSE: LDOS) has reached an agreement with a financial institution to repurchase $100 million of the company’s outstanding shares of common stock. The company will acquire those shares under an existing repurchase authorization and the financial institution is set to deliver 80 percent of the shares in the near term, Leidos ...

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