Ellen Lord, undersecretary for acquisition and sustainment at the Defense Department, has said DoD is working with antitrust regulators to find out if the proposed merger of L3 Technologies (NYSE: LLL) and Harris (NYSE: HRS) would have an impact on the œcompetitive landscape, Reuters reported Wednesday. œWe™re working throug...
TYSONS CORNER, VA, November 13, 2018 ” Serco Inc. will work to provide information technology support for U.S. Navy analysts, program managers, officers and personnel via its position on a potential $213M contract, ExecutiveBiz reported Oct. 12. Serco Group‘s North American subsidiary said Oct. 11 it will bid on t...
Novetta has acquired Reston, Va.-based information technology services contractor Berico Technologies for an undisclosed sum in a move to broaden its cloud engineering capabilities and advance growth efforts. Novetta said Monday it completed the purchase on Nov. 7 and Baird acted as Berico™s exclusive financial adviser in the transaction. ̶...
Christopher Voci, former vice president and controller of Northrop Grumman‘s (NYSE: NOC) innovation systems unit, has been named senior VP and corporate controller of CACI International (NYSE: CACI). Voci will oversee CACI’s accounting and financial reporting functions and help ensure its compliance with the Sarbanes-Oxley...
A report by consulting firm McAleese & Associates says investors should expect the defense budget for fiscal years 2020 and 2021 at a range of $700B to $716B per year. Jim McAleese, founder and principal at McAleese & Associates, wrote in the report that the Pentagon™s overall budget in FY 2019 demonstrates a 13 percent rise f...
McAleese & Associates has provided an overview of General Dynamics™ (NYSE: GD) financial results in the third quarter of 2018. The Falls Church, Va.-based defense contractor™s mission systems sector reported a 13 percent increase in Q3 sales with an operating margin of 14.6 percent, reflecting an 18 percent growth in sector profit duri...
Consulting firm McAleese & Associates has issued a report saying Huntington Ingalls Industries (NYSE: HII) is œecstatic about the Bipartisan Budget Act™s shipbuilding funds for fiscal years 2018 and 2019. œ[W]e are in a great spot because ships have been authorized and appropriated in the 2018-2019 window, which takes a lot o...
Chris Townsend, vice president of federal business at Symantec (Nasdaq: SYMC), has said agencies should work with industry to standardize cyber tools used to secure networks, endpoints and data in order to facilitate information sharing with other platforms. œReducing complexity through standardization can enhance protection at every level and ...
Perspecta (NYSE: PRSP) has secured an eight-month, $486M contract modification to extend information technology support services under the Department of the Navy™s Next Generation Enterprise Network program. Space and Naval Warfare Systems Command issued the modification to extend a previously awarded indefinite-delivery/indefinite-qu...
A report by consulting firm McAleese & Associates says Huntington Ingalls Industries (NYSE: HII) saw its revenue rise 12 percent to $2.1B in the third quarter of 2018 with a year-to-date sales increase of 10 percent. HII posted $290M in Q3 total corporate profit, reflecting a 20 percent increase from the same period last...
