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Primus Aerospace, an aerospace and defense components manufacturer backed by Angeles Equity Partners, has acquired fabricated metal parts supplier Raloid in a push to enter the tier 1 business segment of the defense industry. Financial terms of the acquisition were not disclosed and Angeles Equity said Tuesday the acquired small business will ...
Hilary Hageman, a 15-year GovCon industry veteran, has been appointed to serve as executive vice president, general counsel and corporate secretary at Science Applications International Corp. (NYSE: SAIC), effective July 11. Hageman, formerly general counsel and corporate secretary of Cubic, will succeed Steven Mahon, who has held the position since...
H. Lawrence Culp, chairman and CEO of General Electric (NYSE: GE) since October 2018, will serve in the additional role of CEO at the conglomerate’s aviation subsidiary. Culp takes on more responsibility as the Boston-based company is preparing for a split-up aimed at forming three new publicly trading entities focused on the aviation, energy ...
Jordan Parsons, an industry veteran with over 16 years of experience supporting federal civilian agency customers, has joined ICF (Nasdaq: ICFI) to oversee programs with the National Institutes of Health and the Food and Drug Administration as vice president for public health, GovCon Wire has learned. In this capacity, she will lead efforts to deliv...
Mercury Systems (Nasdaq: MRCY) has added GovCon industry veterans Howard Lance and Bill Ballhaus to its board of directors as part of cooperation agreements the defense and aerospace technology provider reached with two investors Mercury said Friday the agreements with Jana Partners and Starboard Value called for the temporary expansion of its board...
Portia Crowe, chief data strategist for defense and applied intelligence at Accenture Federal Services, was featured in a recent Executive Spotlight interview published Thursday. She talked about edge processing, resilient communications and other significant capabilities being developed to support warfighters. The Q&A also focused on emerging t...
Raytheon Technologies (NYSE: RTX) and Northrop Grumman (NYSE: NOC) have received contract modifications worth at least $41 million each from the Missile Defense Agency to further develop their Glide Phase Interceptor designs for MDA’s regional hypersonic missile defense program. MDA exercised options on other transaction agreements awarded in Nove...
Andrew Caso, formerly a finance executive at Pratt & Whitney, has joined Collins Aerospace as vice president of financial planning and analysis, according to his post on LinkedIn. He served as Pratt & Whitney’s VP of finance for more than four years and also held the chief financial officer role focused on transformation and strategy...
The U.S. Space Force has awarded Lockheed Martin (NYSE: LMT) a $581.6 million contract to engineer legacy and modernized Global Positioning System satellites operating in orbit. Lockheed will collect data, resolve anomalies and perform cybersecurity work to support the Block IIR, IIRM, III and IIIF variants of the GPS constellation, the Department o...
Software investor Insight Partners has named seven public sector leaders to its newly created government advisory board to advise the private equity firm on investment strategy and programs meant to further build up its portfolio companies that are supporting government clients. “Our inaugural GAB members come with different experiences across the...
