L3 Technologies (NYSE: LLL) has bought autonomous unmanned undersea vehicle manufacturer OceanServer Technology for an undisclosed sum, a move that Chairman and CEO Michael Strianese said marks L3’s expansion push into the UUV market. Fall River, Massachusetts-based OceanServer builds lightweight UUVs for military, commercial and int...
KeyW (Nasdaq: KEYW) has wrapped up its $235 million cash acquisition of Herndon, Virginia-based national security technology contractor Sotera Defense Solutions. Hanover, Maryland-based KeyW completed the transaction a month after it agreed to acquire Sotera as part of efforts to advance strategic growth and expand footprint...
TYSONS CORNER, VA, April 4, 2017 ” Norway’s defense procurement agency has signed a deal for the procurement of five Boeing-made (NYSE: BA) P-8A Poseidon to support military maritime surveillance operations, ExecutiveBiz reported Monday. The agency said Friday the country also plans to buy associated sensors, monitoring and supp...
McAfee has officially launched as a stand-alone cybersecurity firm after Intel (Nasdaq: INTC) completed the spinoff of the latter’s security business through an approximately $4.2 billion deal with private equity firm TPG. Chris Young, a senior vice president and general manager at Intel, will serve as CEO of McAfee and Bry...
PAE has agreed to buy FCi Federal for an undisclosed sum in a move to expand service offerings for federal government clients. Both companies expect to complete the transaction over the next 45 business days pending regulatory approvals, PAE said Monday. FCi Federal will become a business unit of PAE following the deal™s completion and wil...
Advanced Concepts and Technologies International has secured a potential five-year subcontract from Booz Allen Hamilton (NYSE: BAH) to provide engineering services to the Naval Air Systems Command in support of the F-35 joint strike fighter program office. Booz Allen awarded the subcontract under a task order the company received through the U....
Weekly Roundup March 27 – March 31 2017 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson This week, the GovCon industry witnessed several high-profile private sector executive moves. It goes without saying that these leadership changes could impact industry in a positive way...
Computer Sciences Corp. and Hewlett Packard Enterprise‘s (NYSE: HPE) enterprise services division have officially launched DXC Technology (NYSE: DXC) to offer a range of information technology services to public and private sector clients. DXC’s management team rang the opening bell Monday on the New Yo...
Frank Backes, former CEO of Braxton Technologies, has been named vice president of business development for satellite communications products and federal satellite solutions at Kratos Defense & Security Solutions (Nasdaq: KTOS). Kratos said Thursday Backes will focus on products and service offerings for the defense, intelligence ...
United Launch Alliance has received a $270.4 million contract modification from the U.S. Air Force to provide launch vehicle production services. The Defense Department said Friday the modification covers support for the configuration and transportation of a Delta IV Heavy rocket. The award also adds a prepriced contract li...
