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Serco Inc., a provider of professional, technology, and management services, announced last Tuesday their intent to acquire BTP Systems LLC. The acquisition, subject to approval, is expected to come together by the end of 2017. In an exclusive interview with ExecutiveBiz Dave Dacquino, Serco™s President and CEO, said that he expects that the co...

Modern Technology Solutions Inc. has won a one-year, $88.7 million contract from the Missile Defense Agency to provide specialty engineering advisory and assistance services for the Ballistic Missile Defense System. The Defense Department said Thursday MTSI will help MDA engineer sensor, directed energy and space systems as well as support BMDS...

https://www.youtube.com/watch?v=QYWSUItxYtM The United States Navy might defer developing a new next-generation SSN(X) unless such a design holds the potential to provide a revolutionary leap over a modernized variant of the current Virginia-class attack submarine (SSN). While the Virginia-class was developed in the 1990s to be a cheaper alternative...

Michael Strianese, chairman and CEO at L3 Technologies (NYSE: LLL), has said the company has begun to assess strategic alternatives for Vertex Aerospace business after the New York-based aerospace and defense contractor posted a goodwill impairment charge for Vertex during the third quarter of 2017. Strianese said in a statement issued Thursday L3 r...

Iridium Communications (Nasdaq: IRDM) recorded $22 million in government service revenue with 95,000 government subscribers during the third quarter of 2017. Iridium said Thursday government data and voice subscribers rose 14 percent to 40,000 during the third quarter ended Sept. 30, compared with the same period last year. The McLean, Virginia-base...

https://www.youtube.com/watch?v=7BCQvPSdEgc WESTERN PACIFIC (Oct. 18, 2017) Sailors aboard the Arleigh Burke-class guided-missile destroyer USS Chafee (DDG 90) reflect on the ship™s commissioning. Chafee was commissioned Oct. 18, 2003, in honor of John Hubbard Chafee; a Marine, governor, senator and Secretary of the Navy. Chafee is part of the ...

  Weekly Roundup October 23 – October 27 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson With October coming to a close, let’s take a look at the most significant M&A activity that took place over the course of this month. Notable M&A activity includes: S...