The Carlyle Group (Nasdaq: CG) is close to finalizing a deal worth more than $5B to buy StandardAero from Veritas Capital, Reuters reported Tuesday. Scottsdale, Ariz.-based StandardAero offers aviation maintenance, repair and overhaul support services to clients in military, general aviation and commercial sectors. Sources told Reuters the...
TYSONS CORNER, VA, December 17, 2018 ” Rick Ambrose, executive vice president for Lockheed Martin‘s (NYSE: LMT) space business, has said the company’s move to partner with Amazon Web Services to deliver a cloud-based satellite communications ground system is meant to address cost challenges associated with establishing such inf...
TYSONS CORNER, VA, December 14, 2018 ” ManTech International (Nasdaq: MANT) has received a potential $35M task order from the U.S. Marine Corps for research and development work focused on emerging technologies such as artificial intelligence, cyber, electronic warfare and machine learning, ExecutiveBiz reported Nov. 29. The company said Nov. 2...
Howell Estes, a board member at Maxar Technologies (NYSE: MAXR) since October 2017, has been named chairman of the company™s board of directors in a move that will take effect Jan. 1. He will succeed Robert Phillips, who will continue to serve on the board, the company said Thursday. “Howell’s wealth of experience in service to...
Four companies have secured other transaction agreements to explore the possibility of creating a single, lightweight, man-portable system for the U.S. Marine Corps to locate, acquire and counter targets. BAE Systems, Elbit Systems of America (Nasdaq: ESLT), Fraser Optics and Northrop Grumman (NYSE: NOC) will examine potential sy...
TYSONS CORNER, VA, December 13, 2018 ” Cisco Systems (Nasdaq: CSCO) executives Carl De Groote and Chuck Louisell have urged the U.S. military to explore technologies such as artificial intelligence, machine learning and in-line data analytics with an agile and resilient multinetwork architecture to support mission assurance, sustained operation...
Two companies have landed spots on a potential eight-year, $264M contract for engineering and technical support services to NASA‘s Armstrong Flight Research Center in California. Analytical Mechanics Associates and New Horizons Aeronautics will vie for task orders under the ETSS indefinite-delivery/indefinite-quantity contract, NASA&...
Four companies have secured spots on a potential five-year, $325M contract to provide research, development, test and evaluation support services for the Department of Homeland Security. A FedBizOpps notice posted Tuesday says Engility (NYSE: EGL), ManTech International (Nasdaq: MANT), Noblis and Science Applications International Corp. (NYSE: SAIC)...
New York-based private equity firm Cerberus Capital Management has agreed to pay $18.50 in cash for each outstanding share of Sparton™s (NYSE: SPA) common stock. Sparton said Wednesday its board of directors cleared the transaction, which is expected to conclude in the first quarter of calendar year 2019. Tarek Ajouz, a managing ...
Henry Chao, a more than two-decade veteran of the Centers for Medicare and Medicaid Services, has been appointed chief technology officer at Columbia, Md.-based health information technology contractor FEI Systems. FEI said Tuesday Chao will oversee the development of service offerings for CMS and state Medicaid programs and coor...
