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Michael Dell, chairman and CEO of Dell Technologies (NYSE: DELL), and private equity partner Silver Lake Partners will own approximately 52 percent of VMware (NYSE: VMW) once the latter’s spinoff is completed, CRN reported Monday. In mid-April, Dell Technologies announced plans to spin off its 81 percent ownership of VMware as part of efforts to...
TYSONS CORNER, VA, May 4, 2021 — Gabe Camarillo, senior vice president of the Army business unit at Science Applications International Corp. (NYSE: SAIC), said a potential $830 million contract won by the company to support the military service’s software, simulation, systems engineering and integration directorate reinforces its position as...
Mary Petryszyn, corporate vice president and president of the defense systems sector at Northrop Grumman, was presented her 2021 Wash100 Award, the first time she’s received the most prestigious award in all of government contracting (GovCon), during a recent visit to the company by Jim Garrettson, CEO of Executive Mosaic and founder of the Wash10...
Northrop Grumman (NYSE: NOC) reported $9.5 billion in sales for the first quarter of its 2021 fiscal year, up 6 percent from the prior year period, and attributed the increase to results from its space, aeronautics and mission systems segments. The Falls Church, Virginia-based company said Thursday net bookings for the quarter totaled approximately&...
Stu Shea — chairman, president and CEO at Peraton and a 2021 Wash100 winner — has offered a glimpse into the nine business sectors that will arise out of the Peraton-Perspecta (NYSE: PRSP) merger slated to close in a few weeks. Shea said Thursday in a regulatory filing the businesses set to be formed by...
General Dynamics (NYSE: GD) posted a 7.3 percent jump in revenue year-over-year for the first quarter of its 2021 fiscal year to $9.4 billion and experienced growth in all of its four business segments. The Reston, Virginia-based defense company reported $2.48 earnings per share for the quarter, $3 million net cash from operating activities and...
The State Department has cleared Australia’s request to buy heavy armored combat systems, related equipment and services through a potential $1.685 billion foreign military sales agreement. The proposed FMS deal includes M1A2 SEPv3 Abrams main battle tanks, M1150 Assault Breacher Vehicles, M1074 Joint Assault Bridges and M88A2 Hercules combat reco...
TYSONS CORNER, VA, April 30, 2021 — Concurrent Technologies Corp. will continue providing the U.S. Air Force with program management services and subject matter expertise to assist the service branch in managing its facilities and utility systems, ExecutiveBiz reported April 14. Work is covered by a $4.1 million modification to a previously awarde...
Holly Freedlander, corporate controller of Xator since September 2019, has been promoted to serve as chief financial officer at the Reston, Virginia-based security and intelligence services provider starting May 1. She will succeed the retiring Matt Galaski, who has led the company’s overall financial operations since 2014 and led the financin...
An Institute for Security and Technology task force has released a report outlining a comprehensive framework of 48 recommendations that government and private sector leaders can implement to counter the threats posed by ransomware, GovCon Wire has learned. The framework developed by IST’s Ransomware Task Force is structured around four interlocki...
