The Carlyle Group (Nasdaq: CG) will pay $7.4 billion to acquire Symantec (Nasdaq: SYMC) subsidiary Veritas under amended financial terms of a proposed acquisition deal the parties expect to close Jan. 29. Symantec and Carlyle previously announced an $8 billion purchase price for the data management business. Michael Brown, Symantec pr...
General Atomics will deliver more MQ-9 Reaper unmanned aerial vehicles under a $43.7 million sole-source contract from the U.S. Air Force as part of a foreign military sale agreement with France. The Defense Department said Tuesday the undefinitized contract action covers France’s second MQ-9 system. France previously placed a potent...
TYSONS CORNER, VA, January 19, 2016 ” Marilyn Crouther, senior vice president and general manager of Hewlett Packard Enterprise™s (NYSE: HPE) U.S. public sector business, believes the public information technology sector should adapt traditional IT to a cloud-based environment amid emerging cyber threats, ExecutiveBiz r...
TYSONS CORNER, VA, January 19, 2016 ” David Wajsgras, president of Raytheon‘s (NYSE: RTN) intelligence, information and services business, is one of nine executives who have joined the board of advisers at the Center for a New American Security, GovCon Executive reported Friday. CNAS said Thursday the executives come from the defense...
Mike Garrity, vice president of finance and administration at General Dynamics‘ (NYSE: GD) information technology business, has retired after nearly 40 years of financial management work in the government contracting industry. Garrity told colleagues of his retirement in an email Friday. ExecutiveBiz featured him in a 2008 article on the ...
Minburn Technology Group has received a $115 million order to provide Microsoft (Nasdaq: MSFT) software licenses to the U.S. Special Operations Command. The company will also deliver software assurance support to SOCOM™s headquarters procurement division under the contract, the Defense Department said Friday. Minburn will perform work in G...
Jan. 11 – Jan. 15 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson America’s space program appears to be the place where government and industry are taking concrete steps toward increased public-private partnerships as a means to spur innovation on both ...
Robert Leduc, a 35-year veteran of United Technologies Corp. (NYSE: UTX), has been named president of UTC’s aircraft engine unit Pratt & Whitney. He will succeed Paul Adams, who has led the business since 2014 and will retire by the end of February after a 17-year career at UTC, the company said Thursday. Ledu...
NASA has awarded Orbital ATK (NYSE: OA), Sierra Nevada and SpaceX a second round of potential multi-billion dollar contracts to deliver cargo to and from the International Space Station through 2024 in support of efforts to end U.S. reliance on Russia for access to space by 2017, agency officials said Thursday. Each new Commercial Resupply...
The GovCon Index showed signs of life Thursday with a gain of 1.105 percent to 73.040 amid further turmoil in international financial markets as U.S. stocks also rallied amid global losses. The S&P 500 rose 1.67 percent to show its largest gain in almost six weeks and go back above the 1, 900 mark. Crude...
