
The Senate confirmed Mark Esper on Thursday to be the next U.S. Defense Secretary to end the Pentagons longest period without a Senate approved leader in office. The 2019 Wash100 Award winner was confirmed by a 90 to 8 vote in the Senate to officially succeed Jim Mattis in the role. Another big story of...
The Carlyle Group (Nasdaq: CG) and Stellex Capital Management have agreed to buy Portland, Ore.-based defense and maritime services firm Vigor Industrial and combine it with Stellex-owned MHI Holdings for an undisclosed sum to form a combined ship repair and fabrications services company....
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....
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 chambers 2020 National Defense Authorization Act is $17 billion less than the presidents budget request. Lawmakers are expected to meet in the coming months to reconcile the House NDAA with the Senates...
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....