Private equity firm Advent International has agreed to pay approximately $4.99B, including debt, for U.K.-based aerospace and defense contractor Cobham, Financial Times reported Wednesday. The price of the deal represents a premium of nearly 35 percent over the Wednesday closing stock price of Cobham....
TYSONS CORNER, VA, July 23, 2019 — ICF (Nasdaq: ICFI) has received a three-year, $330M U.S. Navy contract to provide cybersecurity support, including technical services and vulnerability assessments, to the Navy Information Warfare Center Pacific, ExecutiveBiz reported July 12....
Accenture (NYSE: ACN) has promoted 33-year company veteran James Etheredge to the position of group chief executive for North America in a move slated to take effect Sept. 1. He will succeed Julie Sweet, who will take the helm at Accenture as CEO, the professional services firm said Thursday....
On Monday, the House passed a $733 billion defense policy bill, by a 220 to 197 vote, for fiscal year 2020. The lower chamber™s 2020 National Defense Authorization Act is $17 billion less than the president™s budget request. Lawmakers are expected to meet in the coming months to reconcile the House NDAA with the Senate™s...
Leidos (NYSE: LDOS) has received a potential five-year, $900M task order from the U.S. Air Force to support intelligence, surveillance and reconnaissance operations of USAF's Air Combat Command. The company said Thursday it will perform work at USAF facilities located in Virginia, Texas, Nebraska and California....
Two companies have won contracts worth a combined $105.4M to supply medium-sized body armor inserts to the U.S. Army and Air Force. The Defense Logistics Agency received three bids for both firm-fixed-price contracts and will pay for orders using fiscal 2019 defense working capital funds, the Department of Defense said Thursday....
Paradigm Mechanical Corp. and the Sapper West-Spectrum Service Group joint venture have won five-year, indefinite-delivery/indefinite-quantity contracts worth $147M combined to build, alter, repair or renovate facilities for the U.S. Marine Corps....
The Department of Defense is expected to award in August the potential 10-year, $10B Joint Enterprise Defense Infrastructure cloud computing contract to Microsoft (Nasdaq: MSFT) or Amazon (Nasdaq: AMZN), Bloomberg reported Thursday....
Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) are moving to the next bidding round for a U.S. Air Force competition that seeks to build a new intercontinentinal ballistic missile weapon system....
BAE Systems has received a potential $45M contract from the U.S. Army to develop a prototype of the Extended Range Cannon Artillery designed to increase the rate and range of fire on M109A7 self-propelled howitzers....
