Hello, Guest!
  • Tuesday, April 23, 2024

Terry DeRosa Promoted to IAP CEO; Robert Hargis Named COO


Terry DeRosa

Terry DeRosa, formerly chief financial officer of IAP Worldwide Services, has been promoted to CEO at the Cape Canaveral, Florida-based government services contractor.

IAP said Thursday DeRosa held the CFO role over the past three years and led the company’s expansion and stabilization efforts as part of a company-wide reorganization in 2014.

He previously served as executive vice president and CFO of Boeing‘s (NYSE: BA) Kestrel Enterprises subsidiary and president of the electronics systems group at DRS Technologies, which Leonardo acquired in 2008.

Robert Hargis

Robert Hargis, formerly vice president of IAP’s national security and technology business unit, will serve in the newly-created role of chief operating officer and will oversee operations of all business units at the company.

His previous roles have included operations vice president at Kestrel; deputy defense intelligence officer for global trends and projections at the Defense Department; and a member of the National Security Council.

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports