New York-based private equity firm Cerberus Capital Management has agreed to purchase a 70 percent controlling stake in Navistar International™s (NYSE: NAV) defense business for an undisclosed sum. Michael Sanford, co-head of private equity and senior managing director of Cerberus, said in a statement published Monday the company plans to lever...
BAE Systems has secured positions on two indefinite-delivery/indefinite-quantity contracts worth more than $151M combined to integrate and sustain command, control, communications, computers, combat, intelligence, surveillance and reconnaissance systems for the U.S. Navy. The company said Monday it will offer life cycle sustainment su...
TYSONS CORNER, VA, November 30, 2018 ” Peraton hired Alan Stewart, formerly a senior vice president and chief financial officer of Systems Planning and Analysis, to serve as executive VP and CFO with oversight of accounting, financial planning and auditing functions, Executive Gov reported Nov. 6. Stewart, a finance and integrati...
TYSONS CORNER, VA, November 30, 2018 ” Noblis will provide administrative, financial, logistics, outreach, technical review and direct program area support for two Defense Department environment-related initiatives under a potential $24M contract, ExecutiveBiz reported Thursday. The U.S. Army said in a FedBizOpps award notice posted Tuesda...
Several top government contractors and industry experts attended Baird™s 2018 Government Services and Defense Conference. œ2018 has been a transformational year of M&A at scale in the government services and defense market, Jean Stack, managing director for global investment banking at Baird, told GovConWire. Stack added that she ...
NASA has awarded nine companies positions on a potential 10-year, $2.6B contract to deliver scientific instruments and other payloads to the Moon. Contractors will compete for payload integration, operations and other delivery support services under the Commercial Lunar Payload Services contract, NASA said Friday. The awardees are: Astrobotic Tec...
TYSONS CORNER, VA, November 29, 2018 ” AECOM (NYSE: ACM) has received a potential $23.5M contract from the U.S. Agency for International Development‘s South America regional office in Peru to drive measures that counter harmful infrastructure and extractive activities in the Amazon, ExecutiveBiz reported Nov. 2. The company said...
Microsoft (Nasdaq: MSFT) has won a potential $479.1M other transaction agreement from the U.S. Army to produce augmented reality technology prototypes for potential use in military training and battlefield missions. A contract award notice posted Wednesday on FedBizOpps says the company will provide hardware, software and associated i...
TYSONS CORNER, VA, November 28, 2018 ” Kratos Defense and Security Solutions (Nasdaq: KTOS) is set to unveil a new mixed-reality training platform at this week’s Interservice/Industry Training, Simulation and Education Conference in Florida, ExecutiveBiz reported Tuesday. The company said Monday its Kratos Platform features commercia...
Oshkosh™s (NYSE: OSK) defense business has received a $1.7B contract modification to provide 6,107 Joint Light Tactical Vehicles and 22,166 associated kits to the U.S. Army. The Army exercised available options under a previously awarded contract and obligated the full amount of the modification at the time of award, the Defense Department ...
