Mark Kenny, formerly a vice president at L3Harris Technologies (NYSE: LHX), has been appointed senior VP of strategy and business development at Ultra Electronics‘ maritime division. The retired U.S. Navy admiral will report to Carlo Zaffanella, president and CEO of Ultra Maritime, and will work in the Washington, D.C. area to oversee Ultra Ma...
Don Claussen, a 15-year satellite communications industry veteran, has been appointed CEO of Herndon, Virginia-based satcom provider ST Engineering iDirect. He will be responsible for helping drive ST Engineering iDirect’s vision to expand its presence in the global satcom marketplace, the company said Monday. Claussen most recently served as ...
Halimah Najieb-Locke, a deputy assistant secretary at the Department of Defense, and other antitrust officials have expressed concerns over the impact of mergers and acquisitions among defense contractors on the industrial base’s ability to boost arms manufacturing and replenish supply amid demands in support of Ukraine, The Wall Street Journa...
In 2022, the GovCon landscape saw announcements and completions of merger-and-acquisition deals at privately held, publicly traded and private equity backed companies that sought to expand what they could offer to their federal customers. Continuing reading below for Executive Mosaic editorial team’s rundown of transactions and insights from i...
The year 2022 in government contracting featured new multibillion-dollar contract awards, major recompetes and some protests over agency procurement decisions. Before we shift into 2023, our editorial team is thrilled to share the most significant federal contracts of the past 12 months from Executive Mosaic’s media portfolio. Continue reading...
The U.S. Navy has awarded eight companies positions on a potential 10-year, $4.1 billion follow-on contract to provide production units, software, laboratory equipment, spares and system components for surface, shore and submarine platforms in support of the service branch’s Consolidated Afloat Networks and Enterprise Services program. CANES is th...
The Department of Commerce has cleared a joint NASA-National Oceanic and Atmospheric Administration program to acquire spacecraft that will follow the Geostationary Operational Environmental Satellite R Series. The agencies can now start the contracting process to build a Geostationary Extended Observations system and associated instruments, NOAA...
The State Department has approved Poland’s request to buy from the U.S. government M1A1 Abrams main battle tanks, other vehicles and related equipment through a potential $3.75 billion foreign military sales agreement. The Defense Security Cooperation Agency said Tuesday there will be 12 prime contractors on the proposed FMS transaction, which inc...
A new McAleese & Associates report shows defense prime contractors recorded a 3 percent increase in sales during the third quarter of 2022 and sector operating margin of 11 percent. Jim McAleese, founder of McAleese & Associates and a three-time Wash100 winner, offered an analysis of the Q3 financial performance of Lockheed Martin (NYSE: LMT...
General Electric (NYSE: GE), L3Harris Technologies (NYSE: LHX), Textron (NYSE: TXT) and Veritas Capital are among the companies that have expressed interest in acquiring Aerojet Rocketdyne (NYSE: AJRD), which has an estimated market valuation of $4 billion, Reuters reported Wednesday. Citing unnamed sources, Reuters noted the El Segundo, California-...
