NNSA Issues Honeywell Subsidiary Notice to Proceed for Sandia Labs Mgmt Transition

A subsidiary of Honeywell International (NYSE: HON) has received a notice to proceed from the National Nuclear Security Administration to start the transition efforts for the operation and management of Sandia National Laboratories.

National Technology & Engineering Solutions of Sandia will assume management responsibilities at SNL on May 1 with Northrop Grumman (NYSE: NOC), Universities Research Association,  Sandia Technical Partners and Longenecker & Associates as subcontractors, NTESS said Wednesday.

Stephen Younger, former vice president and chief technologist at Northrop; and David Douglass, former VP of space, missiles and munitions at Honeywell; will respectively serve as chief and deputy director at SNL.

NNSA, an agency under the Energy Department, issued the notice a month after it awarded NTESS a potential 10-year, $2.6 billion contract to manage and run SNL sites across four states.

NNSA’s current SNL management contract with Lockheed Martin‘s (NYSE: LMT) Sandia Corp. subsidiary is set to expire on April 30.

You may also be interested in...

Gil Dussek CEO Gunnison Consulting Group

Gunnison Buys Federal IT Service Management Firm G2SF; Gil Dussek Quoted

Gunnison Consulting Group has acquired Global Solutions & Services Frameworks for an undisclosed sum to expand its information technology service management, mobile computing and cybersecurity capabilities in the federal government services market. “This deal aligns with our modernization strategy and we remain focused on improving critical government programs, while driving long-term innovation to meet evolving customer demands," said Gunnison CEO Gil Dussek.

Telos

Cybersecurity Firm Telos Launches IPO

Telos (Nasdaq: TLS) targeted to raise approximately $254M from the Ashburn, Virginia-based cybersecurity company's initial public offering Thursday, offering 15M shares of common stock with pricing at $17 each.