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Mary-Louise Hoffman

SES to Buy Remaining O3b Networks Stake for $730M

Luxembourg-based communications satellite operator SES has exercised a call option to acquire the remaining 50.9 percent stake in Channel Islands-based satellite broadband services provider O3b Networks through an estimated $730 million deal with other O3b shareholders. SES said Monday it will use money the company raised during a recent equity financing event to fund the transaction and …

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Navy Awards Raytheon $292M Contract Modification for Sidewinder Block II Missiles Production

Raytheon (NYSE: RTN) has received a potential $291.8 million contract modification from the U.S. Navy to build 660 full-rate production Lot 16 AIM 9X Block II Sidewinder tactical missiles and related components for several domestic and foreign military customers. The Defense Department said Friday the modification also includes 252 Block II captive air training missiles, …

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Navy Adds 608 Contractors to SeaPort-e IDIQ

The U.S. Navy has selected an additional 608 companies to compete for a range of functional support task orders worth up to $3.96 billion per year under the military branch’s SeaPort Enhanced contract vehicle that now includes 5, 106 total businesses as participants. The Defense Department said Thursday 682 offers were submitted to the Naval Surface Warfare Center …

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GSA Starts $50B Alliant 2 IT Vehicle Solicitations; Mary Davie Comments

The General Services Administration has issued its formal requests for bids on two governmentwide information technology acquisition contracts with a combined total ceiling of $50 billion over 10 years. GSA said Monday it will accept industry proposals for the Alliant 2 and Alliant 2 Small Business contracts through Aug. 29. “The Alliant team …

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TransDigm Closes $1B Buy of DDC Parent ILC Holdings

Cleveland-based aerospace components manufacturer TransDigm (NYSE: TDG) has closed its $1 billion cash acquisition of ILC Holdings and its subsidiary Data Device Corp. from New York-based investment firm Behrman Capital. TransDigm first announced the deal May 24 and the company said Thursday it used net proceeds from a term loan and a sale of …

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Booz Allen Vet Kevin Cook to Join Alion Science as Finance Chief; Bahman Atefi Comments

Kevin Cook,  chief financial officer at Booz Allen Hamilton (NYSE: BAH), will join McLean, Virginia-based government technology and engineering services contractor Alion Science and Technology as CFO in a move that takes effect July 5. He is due to leave Booz Allen by July 1 and Alion Science said Monday he will bring more than 30 years of …

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DISA Awards $320M Contract to IBM for Commissary POS Hardware Replacement

IBM (NYSE: IBM) has been awarded a potential 10-year, $319.6 million contract from the Defense Information Systems Agency to update the current point-of-sale system at U.S. military commissaries worldwide. The company will support Commissary Advanced Resale Transaction System modernization efforts in all Defense Commissary Agency locations globally, the Defense Department said Friday. DoD noted the single-award indefinite-delivery/indefinite-quantity …

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Spaceflight Industries Buys OpenWhere in Satellite Imaging Market Push

Seattle, Washington-based space technology and services provider Spaceflight Industries has bought Herndon, Virginia-based geospatial analytics company OpenWhere for an undisclosed sum as part of efforts to accelerate the deployment of Spaceflight’s BlackSky satellite imaging platform. Spaceflight said Tuesday it aims to build a constellation of up to 60 satellites through 2020 to provide near-real-time images of the planet …

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Harris’ $1.7B Radio Systems FMS Contract Takes Effect

A $1.7 billion contract between the U.S. Army and Harris Corp. (NYSE: HRS) for the supply of company-built tactical radios to Afghanistan took effect Wednesday. The Defense Department said Wednesday it “inadvertently” announced the service branch’s award of the foreign military sales contract to Harris on June 16. The contract will run …

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USSOCOM Taps Zero Point for Bomb Disposal, Electronic Countermeasures Training IDIQ

Zero Point has secured a potential six-year, $49 million contract to support the U.S. Special Operations Command‘s training programs related to explosive ordnance disposal, radio-controlled improvised explosive devices and electronic countermeasures. The company will also help USSOCOM analyze and engineer counterproliferation systems as well as perform telecommunications analysis and strategic project and technical …

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