New York City-based private equity firm Veritas Capital has emerged as the leading bidder to purchase Airbus Group’s Vector Aerospace aircraft maintenance and repair business, Bloomberg reported Friday. Kiel Porter and Scott Deveau write Veritas might combine Vector with StandardAero — an aircraft services company the inv...
Computer Sciences Corp. (NYSE: CSC) CEO Mike Lawrie said Thursday he will step down from his roles as chairman and a member of the board of directors at the government technology services spinoff CSRA (NYSE: CSRA) August 9. Lawrie announced his departure from the CSRA board approximately one month after CSC announced its intent to me...
Zero Point has secured a potential six-year, $49 million contract to support the U.S. Special Operations Command‘s training programs related to explosive ordnance disposal, radio-controlled improvised explosive devices and electronic countermeasures. The company will also help USSOCOM analyze and engineer counterproliferation systems...
A spokesman for the Department of Homeland Security said DHS upheld its decision on June 2 to award a potential $1 billion cyber system support contract to Raytheon (NYSE: RTN) following protests by other contract competitors, Bloomberg reported Tuesday. Jack Harrington, vice president for cybersecurity and special missions at Raytheon’...
A Boeing (NYSE: BA) subsidiary has landed a potential $3.2 billion contract modification from the U.S. Air Force for Joint Direct Attack Munition tailkits. Boeing’s defense space and security business will supply JDAM strap-on inertial guidance tailkits designed to receive GPS guidance updates for conventional inventory bom...
TYSONS CORNER, VA, May 26, 2016 ” Siemens will provide, maintain and operate a combined heating and power system at the headquarters of the U.S. Army‘s Installation Management Command in Germany under a $24.6 million contract, ExecutiveBiz reported Wednesday. The company said Tuesday Siemens Government Technologies will implemen...
A General Dynamics (NYSE: GD) subsidiary has received an $83.5 million contract to sustain the U.S. Navy™s fleet of littoral combat ships and maintain the vessels’ facilities. San Diego-based General Dynamics National Steel and Shipbuilding Co. will work to control corrosion on the ships, schedule maintenance works, administer suppor...
Lockheed Martin (NYSE:LMT) and Raytheon (NYSE:RTN) have been awarded contract modifications worth a combined $649.7 million to continue to build Paveway II laser-guided bombs for the U.S. Air Force. The modifications extend the work’s performance period for five years through July 27, 2023, the Defense Depart...
A Jacobs Engineering Group (NYSE: JEC) subsidiary has received potential five-year, $427.1 million contract from the U.S. Navy to deliver test and evaluation/training threat and target systems for the service branch’s warfighter training and debriefing systems. Jacobs Technology will also perform systems engineering ...
TYSONS CORNER, VA, May 4, 2016 ” Sikorsky, a subsidiary of Lockheed Martin (NYSE: LMT), has concluded the preliminary design review of the HH-60W Pave Hawk air vehicle under the Combat Rescue Helicopter program, ExecutiveBiz reported Tuesday. Lockheed said Monday the program will now proceed to air vehicle and logistics system detaile...
