A Note From Our President & Founder Jim Garrettson
This week reminded us that change is always a constant in the government contracting arena as we learned of an impending relocation by a large defense contractor and the return of a veteran GovCon executive to the scene.
Boeing confirmed to GovCon Wire and other media outlets this week it plans to move the headquarters of its defense segment from the St. Louis metropolitan region after almost two decades there to the Washington, D.C. area at an office in the proximity of the Pentagon.
As of the turn of the New Year, Boeing’s defense CEO Leanne Caret and a dozen other senior leaders will be based out of the company’s Arlington, Va. facility that also houses the headquarters of the segment’s network and space systems unit.
Caret has prioritized bolstered relationships with government customers in her 10 months as CEO of the roughly $31 billion Boeing Defense, Space & Security segment and the move is intended to facilitate increased interactions with key decision makers.
The world’s largest airplane maker was not the only GovCon entity to announce a change as KBRannounced the appointment of former Leidos finance chief Mark Sopp to the same role.
Sopp will officially start at KBR in the first quarter of 2017 and brings to the Houston-based engineering services contractor a career that includes 10 years as Leidos’ CFO and seven in the same role at the former Titan Corp.
KBR became a significant, “non-traditional” player in the GovCon market landscape this year through its estimated $900 million in acquisitions of El Segundo, Calif.-headquartered Wyle and the former Honeywell Technology Solutions business based out of Columbia, Md.
Those transactions led KBR to create a new $2.5 billion government services segment the company expects to represent close to 41 percent of total revenue per year and help diversify sales beyond the shorter-cycled hydrocarbons business.
With KBR now a significant GovCon player, Sopp will be key in the company’s relationship with government market-focused investors as the acquisitions bring increased attention from “The Street” on that area of the business.
TYSONS CORNER, VA, July 25, 2017 — Boeing (NYSE: BA) is scheduled to conduct next year an uncrewed test flight of its CST-100 Starliner space vehicle in June followed by a manned test flight two months later under the company’s Commercial Crew Transportation Capability contract with NASA, ExecutiveBiz reported Monday. Space News reported Friday that Chris Ferguson, director of Starliner
TYSONS CORNER, VA, Jan. 30, 2017 — Boeing (NYSE: BA) has unveiled the spacesuit that the crew of the company’s CST-100 Starliner spacecraft will wear during NASA missions to low-orbit destinations, ExecutiveBiz reported Friday. The company said Wednesday the Boeing Blue spacesuit is designed to protect astronauts during the launch and return to Earth and includes a built-in communications headset, slip-resistant
December 12 – December 16, 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week reminded us that change is always a constant in the government contracting arena as we learned of an impending relocation by a large defense contractor and the return of a veteran GovCon