Recent Posts

Reuters: Avaya Mulls Buyout Offer From Private Equity Firm

An investment company offered to acquire Avaya (NYSE: AVYA) in a proposed deal valuing the telecommunications equipment maker at $5B, or more than $20 per share, Reuters reported Monday. The report said Santa Clara, Calif.-based Avaya aims to grow its communications software business and cloud-based technology portfolio. The leveraged buyout …

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Navy Exercises $245M Northrop JCREW System Production Contract Options

Northrop Grumman (NYSE: NOC) will manufacture another set of systems designed to protect ground troops, vehicles and permanent structures from radio-controlled improvised explosive devices under a $245M contract modification from the U.S. Navy. The Navy exercised the two-year option under its Joint Counter-Radio-Controlled Improvised Explosive Device Electronic Warfare Increment 1 …

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Transcom Awards 25 Spots on Potential $285M Heavyweight Shipping Contract

Twenty-five companies have won spots on a potential $284.9M  indefinite-delivery/indefinite-quantity contract from U.S. Transportation Command to ship heavy materials to various domestic and international destinations. Selected providers will transport, pick up, track and process customs application documents of freight shipments for the Department of Defense, federal agencies and government contractors, …

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William Noon Appointed Interim CFO at Vectrus

William Noon, a corporate vice president and chief accounting officer at Vectrus (NYSE: VEC), has been selected by the board to serve as acting chief financial officer of the company starting April 15. Noon will assume the responsibilities of the departing Matthew Klein, a senior VP and CFO at Vectrus, …

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Jim Garrettson, CEO of Executive Mosaic, Presents John Harris, CEO of Raytheon International and VP of Business Development of Raytheon, His Second Wash100 Award

Jim Garrettson, founder and CEO of Executive Mosaic, presented John Harris, CEO of Raytheon International and vice president of Business Development of Raytheon, with his second consecutive Wash100 Award on Wednesday. Executive Mosaic recognizes Harris for securing several major contracts for Raytheon and supporting projects in defense, civil government and …

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Kay Kapoor, John Johnson Named to Tyto Athene Executive Advisory Board

Kay Kapoor, founder and CEO of Arya Technologies, and John Johnson, a partner at government consulting firm Deep Water Point, were named to the executive advisory board of Tyto Athene. Johnson and Kapoor will help implement Tyto Athene’s strategy and provide counsel with regard to government relations, market capitalization and …

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DLA Chooses Six Firms for $985M Fire, Emergency Equipment Supply IDIQ

Six companies have won spots on a potential five-year, $985M contract from the Defense Logistics Agency to provide emergency and fire equipment to U.S. service branches. DLA received 13 offers for the firm-fixed-price, indefinite-delivery/indefinite-quantity contract via a competitive acquisition, the Department of Defense said Thursday. Work will take place in …

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