SES has completed its $450 million acquisition of DRS Global Enterprise Solutions, formerly owned by defense contractor Leonardo DRS. SES said Monday it will merge the newly acquired business with the company’s government solutions subsidiary in a push to bring multi-orbit satellite communications services to the Department of Defense and othe...
By Light Professional IT Services looks to expand its product portfolio with its recent acquisition of Veraxx Engineering, a Chantilly, Virginia-based provider of flight simulation training platforms and exercises. Bob Donahue, founder and CEO of By Light, said in a statement published Monday that the modeling and simulation and virtual training cap...
ExecutiveBiz featured James Gordon, CEO of DRT Strategies and a 2022 Wash100 Award recipient, in its most recent Executive Spotlight interview published Monday. He talked about his move to DRT Strategies and his goal to expand the company on multiple fronts: customer base, products and services, brand and workforce. Gordon also discussed how D...
Northrop Grumman (NYSE: NOC) has won a potential five-year, $3.29 billion contract from the Missile Defense Agency to design, build, test and deploy a next-generation weapon system for defending against ballistic missile strikes. The company will aim to produce Ground-Based Midcourse Defense software and hardware that would exceed the performance of...
General Dynamics (NYSE: GD) logged a $766 million profit for the second quarter of its 2022 fiscal year and $9.2 billion in revenue, figures respectively 3.9 percent higher and relatively flat compared to the same period last year. The Reston, Virginia-based defense contractor said Wednesday earnings totaled $2.27 per share, up 5.4 percent from the...
BAE Systems has secured a two-year, $299 million order from the U.S. Army to manufacture additional self-propelled howitzers and carrier ammunition-tracked vehicles. The company said Wednesday it will produce and deliver 40 sets of M109A7 howitzers and M992A3 CAT platforms and spare parts to the service branch. Work will occur at BAE locations in Pe...
A Thales subsidiary has acquired the remaining stake of Leonardo DRS in Advanced Acoustic Concepts, the joint venture between the two organizations, for an undisclosed amount as part of the former’s efforts to expand engineering offerings for the U.S. military. Thales Defense & Security Inc. now has full ownership of AAC, which generated $...
Viasat (Nasdaq: VSAT) has enlisted the help of an adviser as the communications equipment provider considers selling a unit that offers encryption tools to the government sector, Bloomberg reported Tuesday. The encryption business’ estimated annual EBITDA stands at $120 million and the portfolio could sell for $1.8 billion from potential ...
Mike Barthlow, president and CEO of BT Federal, spoke with GovCon Wire about recently joining the company as well as how the leadership team is evolving its workforce to capitalize on more than 70 years of security experience across the federal landscape. In addition, Barthlow discussed his strategic growth goals for BT Federal and how the company...
In today’s federal contracting landscape, data is one of the most important and useful assets an organization can leverage. Data coming from multiple endpoints, sources and sensors can provide agencies with critical insights into business processes, IT environments, security and more — if harnessed properly. Top-level government and industry exe...
