GovCon Wire Your Direct Source for Government Contracting News

Investment firms American Securities and Lindsay Goldberg are close to acquiring the management services business of AECOM (NYSE: ACM) in a deal that could be worth up to $2.4B, Bloomberg reported Sunday.

Airbus and San Francisco-based vehicle manufacturing firm LM Industries have jointly established a company that will aim to address mobility challenges with the use of technology.

A General Dynamics (NYSE: GD) subsidiary has landed a one-year, $434.4M contract to perform lead yard support, design efforts and development studies on the U.S. Navy's Virginia-class attack submarines.

Don Shea, a more than 15-year veteran in the federal health information technology sector, has been appointed vice president of corporate development at B3 Group, FedHealthIT reported Friday.

Stratolaunch Systems, a space transportation venture established by the late Microsoft (Nasdaq: MSFT) co-founder Paul Allen, now operates under an undisclosed entity after transitioning ownership from Allen’s Seattle-based company Vulcan.

Phil Fraher, former chief financial officer at software vendor Zilliant, has joined satellite imagery analysis technology developer Descartes Labs as CFO. He brings three decades of industry experience to Descartes Labs and will oversee its financial, legal and accounting functions in his new position, the company said Friday.

CAE's (NYSE: CAE) U.S. subsidiary has been awarded contract options of an undisclosed value to manufacture five more engine maintenance trainers for the U.S. Army's fleet of Abrams M1A2 main battle tanks.

David Calhoun, independent lead director at Boeing (NYSE: BA), has been elected to serve as non-executive chairman after the aerospace and defense company’s board decided to separate the chairman and CEO roles in an effort to strengthen the firm’s safety management practices and governance.

Guidehouse, a management consultancy backed by Veritas Capital, has closed its purchase of Navigant Consulting to broaden work in both the government and commercial sectors. "Together we will serve our clients with distinction around the world, helping them address their most difficult challenges," said Scott McIntyre, CEO of Guidehouse and a 2019 Wash100 awardee.

Kevin McAleenan, a 2019 Wash100 award recipient, is stepping down from his role as acting secretary of the Department of Homeland Security after six months on the job, the Wall Street Journal reported Friday. President Donald Trump said in a tweet McAleenan "wants to spend more time with his family and go to the private sector."