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Search Results for: General Dynamics

CACI Names Krisstie Kondrotis EVP of Business Development

CACI International Inc. (NYSE: CACI) announced today that it has appointed Krisstie Kondrotis as executive vice president for business development. Kondrotis’ responsibilities in this role include overseeing the strategic and tactical direction of the firm’s business development efforts. She will also advise senior management on plans regarding key customers. “CACI’s strategic hire …

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GDIT to Provide Navy, Federally Contracted Vessel Support on $73M IDIQ

General Dynamics‘ (NYSE: GD) information technology business unit  has been awarded a contract with a potential value of $73.3 million by the Naval Surface Warfare Center‘s Carderock division. GDIT will provide services to Navy and other federal and federally contracted vessels and select land-based sites on the five-year indefinite-delivery/indefinite-quantity contract. The company will provide …

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GDIT’s Rick Parkington Moving to STG Inc. as CTO, SVP

STG Inc. has hired Rick Parkington to become its next senior vice president and chief technology officer and oversee the company’s solution architect team and internal IT division. He will be responsible for developing and implementing technical solutions. Parkington comes to STG from General Dynamics’ (NYSE: GD) IT business unit, where he served as …

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GovCon Wire’s October M&A Activity Recap: Active Tech Sector, One Big Spinoff

The technology sector was one to watch in October’s merger and acquisition landscape, and a dominant player in the government contracting industry completed a significant transformation. GovCon Wire recorded 10 acquisitions in October and the first week of November, up from the eight we covered in September. Acquisitions IBM (NYSE: IBM) looked …

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Houlihan Lokey: Acquisitions of Small Government Vendors Rose 23% Last Year

The Wall Street Journal reported today that Los Angeles-based investment bank Houlihan Lokey recently calculated that there were 71 acquisitions of small government vendors in 2010. That represents a 22.4 percent increase over 2009 and the highest level since 2000. The Journal’s Angus Loten found that small businesses took in just under …

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GD Electric Boat Wins Potential $881M Nuclear Submarine Award

The U.S. Navy has awarded General Dynamics‘ (NYSE: GD) subsidiary Electric Boat a $91.2 million contract modification to provide lead-yard services for Virginia-class nuclear-powered attack submarines. The contract has a potential value of $881 million through 2014 if all options are exercised and funded. Electric Boat will develop, maintain and update design drawings and …

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Four Major Defense Contractors Report 3rd Quarter Earnings Growth

Four of the largest American defense contractors released third quarter financial results on Oct. 26, 2011. Lockheed Martin (NYSE: LMT) Northrop Grumman (NYSE: NOC) General Dynamics (NYSE: GD) Boeing (NYSE: BA) Lockheed Martin reported $665 million in earnings from continuing operations, an increase of 19 percent from the third quarter of …

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GDIT Wins Max $86M DIA Cybersecurity Task Order; Thomas Kirchmaier Comments

General Dynamics‘ (NYSE: GD) IT business unit  has won a potential $86 million task order to provide worldwide information assurance and cybersecurity services to the Defense Intelligence Agency. GDIT will ensure the security, authenticty, integrity and confidentiality of DIA information and provide computer network defense of the DIA’s enterprise-level assets. The single-award …

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Forbes Raves About ‘Virginia Mecca’ of Defense Contractors

Forbes.com recently sought out to answer why northern Virginia has become the mecca for military contractors. The publication identifies the 1991 migration of General Dynamics from St. Louis to Falls Church, Va., as the start of a domino effect that has seen the majority of the 20 largest U.S. military contractors …

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VSE Wins Potential $1.5B Contract From US Naval Sea Systems

VSE Corporation (NASDAQ: VSEC) has won a one-year $277 million cost-plus-award-fee, indefinite-delivery and quantity contract from the U.S. Naval Sea Systems Command. The contract options, if exercised, have a potential value of $1.5 billion over a five-year period. Per the contract, VSE will provide continuous lifecycle support for naval vessels bought, …

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