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Tag Archives: Security

Smiths Group to Buy Safran’s Morpho Detection Subsidiary for $710M

acquisition, merger

Smiths Group has agreed to purchase Safran’s Morpho Detection subsidiary in the U.S. and other detection-related operations for approximately $710 million. The companies said Thursday Newark, California-based Morpho Detection will join Smith Group’s detection segment that makes sensors and generated approximately $320 million in 2015 revenue. Morpho Detection builds systems to detect chemical, biological, …

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Vectrus to Provide Security Support in Kuwait Under $329M Army Contract Modification

Vectrus

A Vectrus (NYSE: VEC) subsidiary has secured a potential $329 million contract modification to provide security and base operations support services to the U.S. Army. Vectrus Systems will perform work in Kuwait through Dec. 28, 2016, the Defense Department said Monday. The Army Contracting Command will obligate the full contract amount …

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X Corp Solutions Lands $50M DTRA Counterintelligence Support IDIQ

Chemical weapons

X Corp Solutions has received a potential five-year, $50 million contract to provide counterintelligence and security support services to the Defense Threat Reduction Agency. DTRA awarded the indefinite-delivery/indefinite-quantity, firm-fixed-price contract through a competitive acquisition with nine proposals received, the Defense Department said Wednesday. Work will occur through Feb. 28, 2021, …

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David DeWalt: FireEye Makes Cyber Threat Intell Push Through $200M iSIGHT Buy

cybersecurity

FireEye (Nasdaq: FEYE) has bought security threat intelligence company iSIGHT Partners for $200 million cash in a bid to help enterprise clients detect and respond to sophisticated cyber attacks. Former iSIGHT shareholders are eligible to receive an additional $75 million in cash and stock if the business meets the target …

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Booz Allen to Standardize Army Tactical, Data Network for $159M; Bill Schuler Comments

BoozAllenLogo

Booz Allen Hamilton (NYSE: BAH) has received a $159 million task order to standardize the U.S. Army‘s tactical and data network systems in an effort to help soldiers connect to the network. The company will work to integrate and streamline hardware, software, security and tactical network initialization tools for the …

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Level 3 Communications’ David Young: Govt Procurement to Evolve as Tech Changes

Level 3 Communications

TYSONS CORNER, VA, January 14, 2016 — David Young, vice president of federal government sales at Level 3 Communications (NYSE: LVLT), told ExecutiveBiz in an interview published Tuesday he believes government agencies will transition to more service-level agreements and company-owned/company-operated network environments. “It is interesting to see how the government will …

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Parsons Eyes Growth Through Reorganization, Names Mary Ann Hopkins Federal Unit Head

Mary Ann Hopkins

TYSONS CORNER, VA, January 6, 2016 — Parsons has reorganized its business structure into five units that will work to drive growth opportunities as part of the company’s Forward initiative, ExecutiveBiz reported Tuesday. Parsons said Monday Mary Ann Hopkins, president of its government services group, will head the new federal unit …

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Renee James Joins Oracle Board of Directors; Larry Ellison Comments

Renee James

Renee James, formerly president of Intel Corp. (Nasdaq: INTC), has been elected to Oracle’s (NYSE: ORCL) board of directors. James most recently led Intel’s venture into the open source software for enterprise, security and cloud applications, Oracle said Wednesday. “She will bring a unique perspective and tremendous depth of experience …

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BAE Says No Sale of US Govt Manpower, Services Business

Bae systems logo_ExecutiveBiz

Britain-based defense contractor BAE Systems PLC announced in a trading update released Thursday morning it will hold onto the manpower and services business unit in the company’s U.S. subsidiary that operates as BAE Systems Inc. BAE Systems PLC said in April it would undertake a strategic review of the units that are part of the U.S. subsidiary’s intelligence …

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Versar Finalizes Johnson Controls Security Systems Buy

acquisition, merger

Versar (NYSE: VSR) has closed its purchase of the federal security systems integration business of Johnson Controls for $20 million in cash and contingent payments. The companies unveiled the deal last month and Versar said Thursday that Johnson Controls Security Systems changed its name to Versar Security Systems following the …

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