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Tag Archives: L-3 Communications

Weekly Roundup Aug 31 – Sep 4 2015: CSC, SRA Unveil Blockbuster Deal & more

acquisition, merger

Weekly Roundup Aug 31 – Sep 4 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson If you thought the GovCon space was done with or near the end of heavy merger-and-acquisition deals this year, you were wrong. The future Computer Sciences Government Services ...

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Air Force Picks 22 Companies for $490M Contract Under ‘Agile Acquisition’ Program

Air Force

The U.S. Air Force has awarded spots on a $490 million indefinite-delivery/indefinite-quantity contract under the Agile Acquisition program to 13 large businesses and nine small businesses. The Defense Department said Thursday the contract covers pre-program, technology development, engineering, manufacturing and production activities for new-build or modified systems. Ten large business and 13 ...

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Air Force Awards Three JSTARS Prototyping Contracts

JSTARS

Three industry teams have received $31.4 million in contracts to help the U.S. Air Force develop prototypes and risk reduction strategies for its future Joint Surveillance Target Attack Radar System aircraft, Defense News reported Friday. Aaron Mehta writes the military service awarded $9.9 million to Boeing (NYSE: BA), $10 million ...

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WSJ: L-3 Eyes Potential Separation of Nat’l Security Business

L-3 logo

L-3 Communications (NYSE: LLL) is looking into a potential separation of its national security solutions business that offers cybersecurity services to government and commercial agencies, the Wall Street Journal reported Thursday. Doug Cameron writes that segment recorded $1.2 billion in sales during its 2014 fiscal year and the company’s review of its ...

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Unisys Names Mark Forman as Global Public Sector Head, Jennifer Napper as DoD Group VP

Unisys logo

Unisys (NYSE: UIS) has appointed Mark A. Forman as global head of public sector and Jennifer L. Napper as group vice president of the Defense Department and intelligence group at Unisys Federal. The company said Wednesday Forman will report to Ron Frankenfield, president of Unisys Enterprise Solutions, and will oversee ...

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July 13 Morning Report: GovCon Index Up on Friday’s Close

GovConIndexUP

The GovCon Index continued its rally for the second straight day with a gain of 1.246 percent in Friday’s trading session to close at 75.617. The Dow Jones Industrial Average rose 1.21 percent to 17,760.41, the Standard & Poor’s 500 composite index gained 1.23 percent to 2,076.62 and the NASDAQ composite index increased 1.53 percent to 4,997.70. ...

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L-3 Awarded $95M Contract to Help Train Saudi Arabian AF

L-3 logo

An L-3 Communications (NYSE: LLL) business unit will provide air operations center training for the Saudi Arabian air force under a $95 million foreign military sale contract with the U.S. Air Force. The Defense Department said Wednesday L-3 National Security Solutions will perform work for the indefinite-delivery/indefinite-quantity contract in Saudi Arabia through ...

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State Dept Clears $2B in Foreign Arms Sales With South Korea, Lebanon

PatriotMissile

The State Department has approved two separate foreign military sale agreements worth approximately $2.37 billion combined for South Korea to purchase the Aegis Combat System and Lebanon to buy A-29 Super Tucano aircraft. The Defense Security Cooperation Agency said Tuesday the principal contractors on the $1.91 billion Aegis sale to South Korea are Lockheed Martin (NYSE: LMT), ...

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Mark Von Schwarz Named President of L-3 Aerospace Systems; John McNellis Comments

Mark Von Schwarz

Mark Von Schwarz, formerly president of the ISR and aircraft systems sector and mission integration division at L-3 Communications’ (NYSE: LLL) aerospace systems segment, has been named president of the segment. L-3 said Wednesday that Von Schwarz, who also assumes a senior vice president role at the company, will succeed John ...

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Michael Strianese: L-3 Wraps Up Marine Systems Business Sale

Michael Strianese

Wartsila Corp. has completed its acquisition of L-3 Communications‘ (NYSE: LLL) Marine Systems International business for approximately $324 million. Michael Strianese, L-3 chairman, president and CEO, said Friday the company aims to reshape its portfolio and focus on core business areas. “We continue to evaluate additional portfolio-shaping opportunities that strengthen ...

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