Search Results for: Vertex Aerospace

Vertex Aerospace Secures Spot on $14B ACES Contract; Ed Boyington Quoted

Ed Boyington President

The U.S. Air Force Installation Contracting Center (AFICC) has awarded Vertex Aerospace one of the eight spots on the Aircraft Maintenance Enterprise Solution (ACES) contract vehicle, the company announced Thursday. Vertex Aerospace will compete for task orders that will support USAF contracted organizational-level maintenance on fixed and swing-wing aircraft.

Read More »

Vertex Aerospace to Support DEA Aviation Operations Under Potential $175M Contract

Vertex Aerospace secured a potential five-year, $175.5M contract to help manage and maintain the Drug Enforcement Administration’s worldwide aircraft fleet. DEA announced the Total Aviation Support Services contract award in a FedBizOpps notice posted Monday. The presolicitation notice stated that the selected contractor would support program management, aircraft, flight simulators …

Read More »

Vertex Aerospace Wins $97M Contract to Help Manage Air Force T-1A Trainer Fleet

Vertex Aerospace has won a one-year, $97.5M contract from the U.S. Air Force to manage and sustain the base supply of T-1A Jayhawk trainers for the Air Education and Training Command. The company will support 178 T-1As stationed at air bases in Texas, Oklahoma and Mississippi as well as at Pensacola Naval …

Read More »

Christopher Kubasik: L3 to Continue Investment Strategy After Vertex Aerospace Business Sale

New York-based investment firm American Industrial Partners has closed its purchase of Vertex Aerospace businesses from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction initially announced in May is subject to customary adjustments and covers the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace …

Read More »

American Industrial Partners to Buy L3’s Vertex Aerospace Business Through $540M Cash Deal

New York-based private equity firm American Industrial Partners has agreed to buy Vertex Aerospace business from L3 Technologies (NYSE: LLL) for approximately $540 million in cash. The transaction includes the acquisition of L3’s TCS and Crestview Aerospace business units that operate under the technology contractor’s aerospace systems segment and both companies …

Read More »

Michael Strianese: L3 Evaluates ‘Strategic Options’ for Vertex Aerospace Business

Michael Strianese, chairman and CEO at L3 Technologies (NYSE: LLL), has said the company has begun to assess strategic alternatives for Vertex Aerospace business after the New York-based aerospace and defense contractor posted a goodwill impairment charge for Vertex during the third quarter of 2017. Strianese said in a statement …

Read More »

Vertex Awarded Spot on MAC Contact by NAWCAD; Ed Boyington Quoted

Ed Boyington President  and CEO Vertext Aerospace

Vertex Aerospace has been awarded a spot on full rate production multiple-award contract by the Naval Air Warfare Center Aircraft Division. "The combination of our CMMARS and FRP MAC contract seats will allow us to display our full range of capabilities to solve every aircraft modification, systems integration and maintenance challenge as a full life-cycle sustainment company," said Ed Boyington, CEO and president of Vertex Aerospace. 

Read More »

L-3 Vertex Awarded $56M Navy Training Logistics Contract Modification

A subsidiary of L-3 Communications (NYSE: LLL) has received a $56.2 million contract modification from the U.S. Navy for logistics and depot-level services on 119 TH-57 trainer aircraft. The Defense Department said Tuesday L-3 Communications Vertex Aerospace will provide the services in support of the undergraduate helicopter pilot training program of the Naval Air Training Command. …

Read More »

Five Companies Win Spots on $835M Air Force Helicopter Maintenance IDIQ

Helicopter Maintenance Air Force photo

The U.S. Air Force has selected five companies to help the service branch maintain helicopters, aircrew flight equipment and weapons under multiple-award $835M contract. Contractors will compete for task orders to provide maintenance support to Pacific Air Forces, AF Global Strike Command,AF District of Washington and Air Education and Training Command, the Department of Defense said Monday.

Read More »