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Search Results for: Lockheed

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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Sabre Systems Adds Thomas Dickson as Vice President of IT

Sabre Systems, Inc. has added Thomas Dickson as the company’s new vice president of IT. Dickson will be responsible for leading the corporate IT team and managing the overall corporate technology infrastructure for network and storage, telecommunications and corporate systems. He will manage all Sabre networks, desktop and website software …

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L-3 to Develop New Display Units for Army Apache Helicopters

L-3 Communications‘ (NYSE: LLL) display systems unit will develop a new 5-x-5-inch color active matrix liquid crystal display assembly for the U.S. Army’s AH-64D Apache helicopter. The assemblies will be direct replacements for current monochromatic display unit. They will enhance the Apache’s target acquisition and night vision sensor display capabilities. …

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Ex-SRA Intl CEO Stan Sloane Joins Decision Sciences Intl as CEO, Will Move HQ to Virginia

Former SRA International CEO Stan Sloane has been named president and CEO of Decision Sciences International, a private company that produces nuclear detection systems for cargo screening. Previous Decision head Robert Whalen now runs the firm’s development business unit. Prior to joining SRA in April 2007, Sloane led Lockheed Martin‘s (NYSE: LMT) …

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On $440M Army Contract, General Dynamics-led Team to Develop Combat Vehicle with Network Interoperability

A General Dynamics-led (NYSE: GD) team has won a $439.7 million contract for the technology development phase of the U.S. Army’s ground combat vehicle infantry fighting vehicle program. Lockheed Martin (NYSE: LMT) and Raytheon (NYSE: RTN) will team with General Dynamics to fulfill the program’s goal of producing an affordable and operational infantry fighting vehicle in seven …

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Former DynCorp SVP Craig Reed Moves to Altamont Capital Partners as Senior Advisor

Former DynCorp International senior vice president for strategy and corporate development Craig Reed has been appointed as a senior advisor for Altamont Capital Partners. Reed has primary responsibility for the firm’s aerospace, defense and government services investments. ACP is a San Francisco Bay area-based private equity firm with $500 million in capital. …

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Boeing, Siemens Partner to Provide DoD with Smart Grid Technologies; Marks Comments

Boeing Co. (NYSE: BA) and Siemens (NYSE: SI) have entered a strategic alliance to develop and market “smart grid” technologies that improve the U.S. Defense Department‘s energy access and security. Boeing’s defense, space and security unit will work with Siemens’ U.S. subsidiary Siemens Corporation. The companies said the alliance will draw on Boeing’s …

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