AM General has tapped financial services firm Macquarie Group to seek out buyers for the South Bend, Ind.-based military ground vehicle manufacturer, Reuters reported Tuesday. Reuters estimates AM General is worth more than $2B based on the company’s recent contract wins and its limited liability corporation structure, which could offer a...
TYSONS CORNER, VA, October 1, 2018 ” Raytheon (NYSE: RTN) has implemented an agile development approach to update the baseline software of the Air and Space Operations Center Weapon System used by the U.S. Air Force, ExecutiveBiz reported Sept. 19. FlightGlobal reported Sept. 19 that the agile method has worked to help Raytheon introduce target...
TYSONS CORNER, VA, October 1, 2018 ” Advanced Concepts and Technologies International has been named a finalist for a Greater Washington Government Contractor Award as the “Contractor of the Year” in the category for companies with $25M to $75M in annual revenue, ExecutiveBiz reported Sept. 20. ACT I CEO Michael Niggel said in ...
Lockheed Martin (NYSE: LMT) and the Defense Department have sealed a potential $11.5B deal for the company to build 141 lot 11 F-35 fighter jets for the U.S. and foreign allies. The contract includes the delivery of 91 low-rate initial production F-35s for U.S. service branches, 28 jets for international partners and 22 units for foreign m...
Ameresco (NYSE: AMRC) has secured a 22-year contract worth almost $143M to support energy conservation efforts within Joint Base San Antonio in Texas. The U.S. Air Force Civil Engineer Center said Friday the contract covers the installation of 20 megawatts of renewable energy systems within JBSA’s fence line and modernization of energy se...
TYSONS CORNER, VA, September 28, 2018 ” Northrop Grumman (NYSE: NOC) has expanded its composite structures manufacturing center in Beavercreek, Ohio, with a new operational area for additional work on aerospace programs, ExecutiveBiz reported Tuesday. The company said Monday Ohio state and local officials attended the ceremony to open...
Adam Rudo, a 13-year veteran of General Dynamics (NYSE: GD), has joined ManTech International (Nasdaq: MANT) as senior vice president and general manager of the Herndon, Va.-based company’s security solutions business. He will oversee the unit’s work with the U.S. intelligence community and succeeds Paul Gen...
Boeing (NYSE: BA) has won a potential 16-year, $9.2B contract to build up to 475 T-X trainer aircraft and 120 ground-based training platforms for the U.S. Air Force. œToday™s announcement is the culmination of years of unwavering focus by the Boeing and Saab team, Leanne Caret, president and CEO of Boeing™s defense, space and sec...
Gerry Fasano, an executive vice president and chief of business development and strategy at Leidos (NYSE: LDOS), has been named president of the company™s defense group in a move that takes effect Oct. 1, Inside Defense reported Wednesday. An internal memo obtained by the publication says the appointment is part of Leidos™ reorganization e...
TYSONS CORNER, VA, September 27, 2018 ” ManTech International (Nasdaq: MANT) has tapped a subcontractor to deliver technology and services in support of its work under the U.S. Army‘s Persistent Cyber Training Environment program, ExecutiveBiz reported Wednesday. C5 Cyber Partners said Tuesday it will provide its Cypherpath...
