Oroco Capital to Buy AECOM Civil Construction Business; Troy Rudd Quoted AECOM has entered into a definitive agreement to sell its civil construction business, including the Shimmick Construction unit, to Oroco Capital. AECOM said Thursday it expects to complete the sale in January upon the satisfaction of customary closing conditions. ArchInte...
Veritas Capital has agreed to acquire Northrop Grumman’s (NYSE: NOC) federal information technology and mission support services business for approximately $3.4B in cash. The transaction is expected to conclude in the first half of 2021 and Veritas said Monday it expects to merge the Northrop federal IT business with its portfolio company Peraton ...
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Executive Mosaic Opens Nominations for 2021 Wash100 Award Executive Mosaic, the leading provider in connecting, promoting and branding government and government contracting (GovCon) executives of consequence, announced today that qualifying nominations are now being accepted ...
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards William Bookless Named Acting NNSA Administrator William Bookless, principal deputy administrator of the National Nuclear Security Administration (NNSA), assumed the role of acting administrator of NNSA after Lisa Gordon-Hagerty stepped down from the post. NNSA said Frida...
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards SAIC Wins $737M AFMS3 Contract to Support Modeling, Simulation; Michael LaRouche Quoted Science Applications International Corp. (SAIC) has been awarded the potential $737 million U.S. Air Force Modeling and Simulation Support Services (AFMS3) 2.0 contract to implement, in...
Tom Afferton, vice president of Northrop Grumman's (NYSE: NOC) defense and intelligence unit, recently spoke to ExecutiveBiz for an in-depth conversation on how the company is helping customers manage and secure data, the role “agile" methodology plays in the firm's systems engineering process and his outlook for emerging technology...
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards AECOM Closes Sale of Power Construction Business to CriticalPoint Capital; Troy Rudd Quoted AECOM has sold its Power construction business to affiliates of CriticalPoint Capital, AECOM reported on Friday. The sale will add to AECOM’s business transformation strategy to ...
THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards AECOM Merges Design, Consulting Businesses into Global Organization; Names Lara Poloni as Lead AECOM has integrated its Design and Consulting Services (DCS) businesses into one global organization as part of the company’s phased strategy. The new unit will be led by Lar...
Tom Jones, sector vice president and general manager of airborne sensors and networks division at Northrop Grumman’s (NYSE: NOC) mission systems sector, has been elected by the board of directors to serve as corporate VP and president of the company’s aeronautics systems business, effective Jan. 1....
Northrop Grumman (NYSE: NOC) has secured a potential $1.16B follow-on contract to manufacture updated electronic warfare systems the U.S. Navy will use to defend surface combatant vessels against anti-ship missile threats. The award contains a base value of $100.7M and covers the production of AN/SLQ-32(V)7 Block 3 systems for the branch's Surf...
