News

Veritas Capital Strikes $3.4B Cash Deal for Northrop’s Federal IT, Mission Support Business

Information Technology

Veritas Capital has agreed to acquire Northrop Grumman’s (NYSE: NOC) federal information technology and mission support services business for approximately $3.4B in cash. The transaction is expected to conclude in the first half of 2021 and Veritas said Monday it expects to merge the Northrop federal IT business with its portfolio company Peraton upon the deal’s closing, subject to regulatory approvals and other customary closing conditions.

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Cobham Mission Systems to Supply Oxygen Equipment for Navy Tactical Aircraft

Cobham

Cobham Mission Systems has been awarded a contract from the U.S. Naval Air Systems Command (NAVAIR) to equip new F/A-18 combat jets with GGU-12 oxygen concentrators and CRU-99 oxygen monitors. “Cobham appreciates this continued show of confidence in the performance of our oxygen life support equipment,” said Jason Apelquist, senior vice president of business development and strategy, Cobham Mission Systems.

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Air Force Taps Boeing, General Atomics, Kratos to Build UAV Prototypes for Manned-Unmanned Teaming

Skyborg conceptual design AFRL photo

Boeing (NYSE: BA), General Atomics' aeronautical systems business and Kratos Defense & Security Solutions (Nasdaq: KTOS) have received separate two-year contracts worth $77.8M combined to develop prototype unmanned air vehicles for the U.S. Air Force's manned-unmanned teaming experimentation initiative. All three companies will aim to build UAV technology to serve as testbeds for an autonomous core system concept under the service branch's Skyborg Vanguard program, the AF Life Cycle Management Center said Monday.

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ASRC Federal to Continue NASA Flight Research Center Support Under $86M Contract; Jennifer Felix Quoted

Jennifer Felix President and CEO ASRC Federal

An ASRC Federal subsidiary has been awarded a potential five-year, $86M contract for engineering and technical support services to NASA's Armstrong Flight Research Center in California. “We are proud to continue our partnership with NASA Armstrong … and contribute to advances in science, technology and exploration,” said Jennifer Felix, president and CEO of ASRC Federal.

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Baird’s Government & Defense Conference to Highlight Dynamic Market Strategy, Opportunity

Baird

Baird has announced that it will host its Government & Defense Conference 2020 on December 10th to discuss market trends and business strategy. The firm’s virtual conference will feature experts across government, academia and industry that will foster collaboration across trending topics, including Mergers & Acquisitions (M&A), Government Modernization, Emerging Technologies and more. 

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Biden to Nominate Retired Army Gen. Lloyd Austin for Defense Secretary Role

Lloyd Austin Retired General US Army

President-elect Joe Biden plans to nominate Lloyd Austin, a retired U.S. Army general, to serve as secretary of the Department of Defense, Politico reported Monday. Austin would be the first African American to lead DoD if confirmed by the Senate and sources said his selection for the top civilian post at the Pentagon could be announced as soon as Tuesday.

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Five Companies Hold Spots on $1.5B DOJ Automated Litigation Support Contract

DOJ ALS Contract Award

Five companies will compete for automated litigation support orders under a follow-on Department of Justice contract vehicle worth potentially $1.5B over six and a half years. DOJ selected CACI International (NYSE: CACI), Deloitte, Leidos (NYSE: LDOS) and PAE (Nasdaq: PAE) as initial awardees on the Mega 5 ALS contract in late August and the latest SAM notice published Thursday says the department added professional services firm EY to the program.

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