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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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Boeing Awarded $135M to Develop Infrared Sensor System

The U.S. Navy has awarded Boeing a $135 million contract for engineering and manufacturing development of the F/A-18E/F Super Hornet Infrared Search and Track sensor system. IRST is described as a “passive, long-range sensor, ” that can detect infrared emissions and advanced threats, while allowing its users to track multiple targets …

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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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BAE Orders Could Pass $100M on Extended Army Space, Missile Defense Contract

The U.S. Army has extended a 2006 space and missile defense contract with BAE Systems without competition, meaning the company could have access to more than $100 million in new orders. Bloomberg Government’s Nick Taborek writes that the contract was scheduled to expire Sept. 30, 2011, but the Army has …

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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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Harris Names Alex Heidt SVP of IT Business Development

Harris Corp. (NYSE: HRS) has appointed Alex Heidt as senior vice president for IT business development, where he will report to IT president John Heller. Heidt started with Harris in December 2010 as vice president of Air Force IT programs. Prior to joining that, Heidt was vice president of Lockheed Martin‘s (NYSE: LMT) $450 million global mission …

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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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GovCon Wire’s September M&A Activity Recap; Contractors Active Across Industry

While no clear sector focus dominated the merger and acquisition landscape in September, government contractors remained busy, closing on several interesting healthcare and cybersecurity deals and divesting some operations. The eight acquisitions GovCon Wire recorded were down from the 11 reported in August, but executive moves ramped up to seasonal …

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Raytheon Wins $81M Contract for Navy Airborne Sonar Systems

The U.S. Navy has awarded Raytheon‘s (NYSE: RTN) integrated defense systems business an $81.7 million firm-fixed-price contract. The company will provide 24 MH-60R airborne low frequency sonar systems and program management support for lot nine production. Work is expected to be completed in September 2014. The Naval Air Systems Command, Patuxent River, …

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BAE, Northrop Form Partnership to Compete for Air Force Training Award

BAE Systems and Northrop Grumman (NYSE: NOC) have formed an exclusive strategic partnership to compete to replace the T-38 trainer in the U.S. Air Force’s “T-X” program. The companies plan to offer BAE’s Hawk advanced jet training system, which integrates live and synthetic air- and ground-based elements to train pilots for 5th …

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