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Boeing CEO Dennis Mullenburg: Company to Build Presidential Airplanes within a $4B Budget

TYSONS CORNER, VA, Dec. 23, 2016 — Dennis Mullenburg, Boeing (NYSE: BA) chairman, president and CEO, has stated that the company will work with the incoming administration in an effort to build two presidential airplanes within a $4 billion budget, ExecutiveBiz reported Thursday. The Hill newspaper reported Wednesday Mullenburg discussed …

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Lockheed Martin Eyes Move of Some F-16 Production Work to India

TYSONS CORNER, VA, March 23, 2016 — Lockheed Martin (NYSE: LMT) is working with the U.S. and Indian governments to discuss the potential move of some F-16 aircraft production operations to India, ExecutiveBiz reported Tuesday. The Hindu newspaper reported Monday the plan works to support the country’s recapitalization targets for fighter jets and …

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Weekly Roundup Feb. 29 – Mar. 4 2016: Former DoD Logistics Head to Steward PSC & more

Feb. 29 – Mar. 4 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Government services contractors gained a new leading voice and public advocate this week in the form of a nearly 35-year veteran with a diverse background that includes high-profile roles in …

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LookingGlass to Acquire QinetiQ’s Cyveillance Threat Intell Business for $35M

LookingGlass Cyber Solutions has agreed to acquire online monitoring and threat intelligence business Cyveillance from British defense technology contractor QinetiQ Group for approximately $35 million in cash. Chris Coleman, CEO of LookingGlass, said Friday his company aims to build a comprehensive intelligence-based platform for security professionals to manage business risks and threats. Arlington, Virginia-based …

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WSJ: IBM Nears Deal to Acquire The Weather Company’s Digital Portfolio

IBM (NYSE: IBM) is close to finalizing an agreement to acquire The Weather Co.‘s digital and data assets from a Bain Capital–Blackstone–NBCUniversal consortium, The Wall Street Journal reported Tuesday. Suzanne Vranica and Robert McMillan write the companies could unveil the transaction as early as Wednesday and WSJ estimates the assets …

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WSJ: NASA Space Cargo Transport Competition Down to 4 Bidders

NASA has narrowed the list of bidders in a $14 billion industry competition to support the agency’s cargo resupply missions to the International Space Station, the Wall Street Journal reported Thursday. Andy Pasztor lists Boeing (NYSE: BA), Orbital ATK (NYSE: OA), Sierra Nevada and SpaceX as the remaining contenders for …

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John Sanders Joins OGSystems Board; Omar Balkissoon Comments

TYSONS CORNER, VA June 4, 2015 — GovCon Executive reported Wednesday on John Sanders joining OGSystems’ board of directors, bringing with him years of leadership experience and insights through his work with security technologies and risk-based security initiatives. Prior to OGSystems, Sanders was chief technology officer at the Transportation Security …

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Report: UTC in Talks With Potential Sikorsky Buyers

United Technologies Corp. (NYSE: UTX) has begun discussions with other companies about a potential sale of UTC’s Sikorsky Aircraft subsidiary, the Wall Street Journal reported Tuesday. Citing several sources, Dana Mattioli and Ted Mann write that Airbus Group, Boeing (NYSE: BA) and Lockheed Martin (NYSE: LMT) are considering making offers …

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Report: Poland Selects Raytheon for Missile Defense System Contract

Poland has decided to award Raytheon (NYSE: RTN) a contract to build a midrange missile defense system for the Polish military, Reuters reported Tuesday. Marcin Goettig cites a report from Gazeta Wyborcza newspaper that says Polish government and defense leaders are scheduled to hold a press conference Tuesday to discuss Poland’s military …

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Informatica Enters $5.3B Cash Buyout Deal

Informatica (NASDAQ: INFA) has agreed to be acquired by a Permira Advisers–Canada Pension Plan Investment Board alliance for approximately $5.3 billion, or $48.75 per share in cash, the Wall Street Journal reported Tuesday. The transaction will take the California-based data management software company private and marks the biggest U.S. leveraged …

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