Curtiss-Wright (NYSE: CW) has closed its $212.5 million cash acquisition of the Dresser-Rand government business from Siemens in a move to expand aftermarket support for the U.S. Navy and footprint on the service branch’s nuclear ships. Dresser-Rand will mainly focus its sales efforts on the naval defense market and will now operate as part of …
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Curtiss-Wright to Purchase Siemens’ Dresser-Rand Govt Business for $212M
Curtiss-Wright (NYSE: CW) has agreed to buy Siemens’ Dresser-Rand government business through a $212.5 million cash transaction. Curtiss-Wright said Tuesday it will operate Dresser-Rand as part of its power segment and expects to close the acquisition in April, subject to regulatory approval and other customary closing conditions. “The acquisition of Dresser-Rand’s …
Read More »Barbara Humpton Appointed CEO for Siemens’ Federal Arm; Judy Marks to Join Dresser-Rand
Barbara Humpton, executive vice president and chief operating officer for Siemens‘ U.S. federal government subsidiary — Siemens Government Technologies — has been appointed president and CEO of the business in a move that takes effect Oct. 1. SGT said Monday Judy Marks, CEO of the subsidiary since its 2011 launch, will transition into an executive vice president role at …
Read More »Siemens Inks $7B Cash Deal for Energy Equipment Maker Dresser-Rand; Joe Kaeser Comments
Siemens has agreed to acquire rotating equipment provider Dresser-Rand (NYSE: DRC) for approximately $7.6 billion cash in a move to grow Siemens’ global oil and gas business. Joe Kaeser, president and CEO of Siemens AG, said Monday that Dresser-Rand will become “the oil and gas” company within Siemens. Siemens expects to complete the …
Read More »Ann Ackerson to Become BAE US Chief Procurement Officer in May; Tom Arseneault Quoted
Ann Ackerson, a more than three-decade supply chain management and procurement professional, will assume the role of global chief procurement officer at BAE Systems’ U.S. subsidiary on May 4.
Read More »Vectrus Selects Mario Coracides to Lead Enterprise Operations; Chuck Prow Quoted
TYSONS CORNER, VA, August 01, 2019 — Mario Coracides, former corporate vice president of global supply chain management at PAE, has been appointed senior vice president at Enterprise Vectrus Operations, ExecutiveBiz reported July 25.
Read More »UTC Names Judy Marks, David Gitlin as CEOs of Future Independent Firms Otis, Carrier
United Technologies Corp. (NYSE: UTX) has appointed Judith Marks, president of Otis since 2017 and a three-time Wash100 winner, as CEO of UTC’s elevators manufacturing subsidiary. Marks previously served as CEO of Siemens USA and head of the industrial conglomerate’s Dresser-Rand business. She also held senior leadership positions at Lockheed Martin (NYSE: LMT) and IBM (NYSE: IBM).
Read More »Executive Mosaic’s Weekly GovCon Round-up: DoD FY 2019 Budget & Wash100 Update
Weekly Roundup April 2 – April 6, 2018 Click here to see Real-Time GovCon Sector Quotes DoD FY 2019 Budget & Wash100 Update Jim Garrettson, Executive Mosaic CEO On March 23rd, President Trump signed a $1.3 trillion spending bill for fiscal year 2019 which allocates $686.1 billion for the Department of Defense’s budget. The …
Read More »KippsDeSanto: Govt Tech Sector Eyes Increased Scale, Expanded IT Capabilities Via M&As
KippsDeSanto & Co. said it believes General Dynamics’ (NYSE: GD) acquisition of CSRA shows the continued focus of government technology sector buyers on efforts to build up scale and expand next-generation information technology capabilities through mergers and acquisitions. General Dynamics’ IT business will realize approximately $10 billion in annual revenue following …
Read More »Former Siemens Federal Lead Judy Marks Named CEO of Conglomerate’s US Arm
Judy Marks, an executive vice president at the Dresser-Rand subsidiary of Siemens, has been selected to succeed the retiring Eric Spiegel as CEO of the industrial conglomerate’s U.S. subsidiary in a move scheduled to take effect Jan. 1. “Judy has a deep knowledge of Siemens’ entire portfolio that will serve us well during this time of …
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