U.K.-based aerospace company Meggitt has received an unsolicited offer from TransDigm Group (NYSE: TDG) to acquire Meggitt for 900 pence in cash per share, or approximately $9.74 billion, Reuters reported Wednesday. The offer came a week after Parker-Hannifin (NYSE: PH), a Cleveland-based provider of motion and control technologies for aerospace and...
Mick Fox, chief operating officer for Technomile, published his first article as a part of Executive Mosaic’s GovCon Expert program on Wednesday. In his first article of a two-part feature, GovCon Expert Mick Fox provided an informative guide into the contract lifecycle management of contract professionals in the federal landscape today while also...
Omar Balkissoon, executive chairman of Geospark Analytics, will assume additional role as CEO while John Goolgasian, former chief operating officer, will serve as president and chief growth officer as part of the company’s recently announced leadership changes. Balkissoon’s appointment and Goolgasian’s promotion are meant to contin...
Parsons (NYSE: PSN) reported second quarter revenue of $879 million, a 10 percent decline from the same period in 2020 despite large contract wins for the April-June period. The Centreville, Virginia-based contractor attributed a 56 percent decline in operating income for the quarter to reserves taken on federal solutions and critical infrastructure...
Daniel Ragsdale, former principal director for cyber in the Department of Defense’s research and engineering office, has been appointed vice president and architect at Arlington, Virginia-based Two Six Technologies. The retired U.S. Army colonel brings his three decades of military experience and his knowledge of cybersecurity to the technolog...
IntelliBridge, a McLean, Virginia-based portfolio company of Enlightenment Capital, has purchased U.Group to expand its technology portfolio and client base across federal civilian, defense and homeland security agencies. U.Group is a digital transformation company founded in 2010 and provides Agile development, consulting support, data science, Dev...
Leidos (NYSE: LDOS) has taken over the responsibility for information technology operations of three shore-based Department of the Navy networks after the company completed the transition phase for the Next Generation Enterprise Network Recompete contract‘s services portion. Reston, Virginia-based Leidos won the $7.7 billion NGEN-R Service Man...
Noblis has formed a new subsidiary following its acquisition of McKean Defense Group with the goal to offer integrated mission services to the U.S. Navy and other military agencies. The Noblis MSD business, which includes former Mckean affiliate Cabrillo Technologies, aims to support Department of Defense customers in emerging technology areas such ...
Raytheon Technologies (NYSE: RTX) posted $15.9 billion in fiscal year 2021 second quarter sales, which the company said was up 10 percent organically from the same period a year ago. The Waltham, Massachusetts-based defense and aerospace contractor also raised the low end of its full-year sales guidance to $64.4 billion from the previous $63.9 billi...
Karen McConnell, an aerospace engineering veteran, has joined Raytheon Technologies‘ (NYSE: RTX) Blue Canyon Technologies subsidiary as executive director of engineering. Blue Canyon said Monday that McConnell will be responsible for managing the performance, reliability and delivery schedules of its small satellite production line. Her additi...
