Cerberus Capital Management has acquired a controlling interest in M1 Support Services, a Denton, Texas-headquartered provider of maintenance, repair and overhaul services for military aircraft and aviation programs. George Krivo, a managing director for Cerberus Operations, will serve as CEO of M1 and co-founders Kathy Hildreth and Bill Shelt will ...
Executive Mosaic’s GovCon Index marked another winning week, recovering from Thursday’s sharp loss and ending 0.64% higher at $5,055.57 before the Memorial Day weekend. The index, which tracks the stock performances of 30 major government contractors, gained 0.08% week-on-week for its sixth straight positive week. On Wall Street, the Nasdaq Comp...
The U.S. Army has released a request for information notice for a potential 10-year multiple award, indefinite-delivery/indefinite-quantity contract vehicle estimated to have a ceiling of over $1 billion for software development support. According to the SAM.gov notice from Army Contracting Command – Aberdeen Proving Ground, the New Modern Softwar...
A report by financial services company Raymond James (NYSE: RJF) shows that there were 76 mergers and acquisitions in the defense and space industry during the first quarter of 2024, a 55 percent increase from the same period the previous year and a 31 percent rise from the previous quarter. Defense and Space M&A Activity...
Physical and cyber threats are evolving and escalating. Aging infrastructure must be modernized. And tightening regulations and new mandates are pressing government leaders to improve transparency, productivity and sustainability. As a result, there is a critical need for federal agencies to advance their digital transformation. Siemens Government T...
Shawn Purvis, president and CEO of the U.S. arm of QinetiQ, was handed her 2024 Wash100 Award by Jim Garrettson, CEO of Executive Mosaic and founder of the award, in a recent in-person meeting. This is Purvis’ fourth consecutive year being recognized in the highest tier of the government contracting industry, a rarified group that EM takes pri...
CIA Chief Operating Officer Maura Burns was presented with her 2024 Wash100 Award during a recent meeting with Jim Garrettson, CEO of Executive Mosaic and founder of the prestigious recognition. The Wash100 Award is an honor presented to executives in the government contracting industry who have proven themselves as strong leaders and continuously...
Executive Mosaic’s GovCon Index capped the week with a fourth consecutive daily gain. The modest gains in four of five trading sessions were enough to close a fifth consecutive winning week. The index, which tracks the stock performances of 30 major government contractors, closed at $5,051.61 or +0.38% week-on-week. The blue-chip Dow Jones Indust...
Lockheed Martin (NYSE: LMT) has secured a $756 million contract from the U.S. Army to produce additional battery equipment for a ground-based hypersonic strike weapon system. The contract also covers the provision of logistics and systems and software engineering services in support of the Long Range Hypersonic Weapon system, the defense contractor ...
Jeremy Wensinger to Succeed Chuck Prow as V2X President & CEO; Lockheed Receives $553M in Army MRLS Supply Contract Modifications; Pentagon Releases Regional Sustainment Framework; Executive Spotlight With SAIC’s Hilary Hageman Click to Unmute ...
