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Tag Archives: News

Obama: Sequestration ‘Will Not Happen’

With nearly two-and-a-half months to go before the scheduled start date of sequestration cuts, President Barack Obama asserted during the final presidential debate Monday night that the cuts “will not happen.” According to Federal News Radio‘s account of the debate, Obama said the budget his administration is considering focuses on maintaining …

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General Dynamics Wins $115M for Amphibious Ship Repairs, Upgrades

General Dynamics (NYSE: GD) was awarded a $115,016,340 contract modification to perform maintenance services on the U.S. Navy’s amphibious landing ship, the USS Oak Hill, the Defense Department announced Thursday. Through the modification the Falls Church,Va. will extend dry docking and modernization services. General Dynamics will also perform a variety …

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Boeing-Lockheed JV Wins $412M For NASA Flood Monitoring, Water Cycle Satellite Launches

A Boeing Co. (NYSE: BA) and Lockheed Martin Corp. (NYSE: LMT) joint venture has won a potential $412 million contract to help NASA launch three satellites, the agency announced Monday. United Launch Services, a subsidiary of United Launch Alliance, will provide task-ordered launch services, process payloads and integrate launch vehicles. ULS …

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DC Private Equity Firm Buys Catapult, Promotes Mark Hunker To CEO

Washington-based private equity firm DC Capital Partners has acquired Catapult Technology and has appointed Mark Hunker president and CEO. Catapult said Hunker succeeds Randy Slager, Catapult’s founder and CEO, who will join the board of directors and remain involved in strategic planning and business development. Hunker previously served as Catapult’s …

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Boeing, GE Sign $108M AF Tanker Control Systems Agreement; Lorraine Bolsinger Comments

Boeing (NYSE: BA) has signed a potential $180 million contract with General Electric (NYSE: GE) for GE to provide mission control systems for a U.S. Air Force tanker. GE said work will include system design, development and production for the KC-46A tanker. Lorraine Bolsinger, president and CEO of GE’s aviation systems business, said …

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MEP to Provide Linguist Services in Afghanistan Under $325M Award

Mission Essential Personnel has won a $325 million contract modification to perform linguist and interpretation services for the U.S. Army. The company will provide the services in Afghanistan and complete contract work by Sept. 6, according to a Defense Department announcement. The U.S. Army Intelligence and Security Command, Fort Belvoir, …

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