Versar has gone private after the close of its acquisition by an affiliate of investment firm Kingswood Capital Management via a tender offer of $0.15 per outstanding share and a second-step merger. The formerly publicly traded project management company said Tuesday the new capital structure serves to build on its long-term strategic...
The U.S. Army has awarded seven companies spots on a potential five-year, $150 million contract to support the service branch’s mission training complex systems. Eighteen bids were submitted to the Army Contracting Command for the hybrid contract via an online solicitation and work is scheduled to occur through Nov. 14, 2022, the Defense Depar...
The State Department has approved Norway’s request to buy Raytheon-built (NYSE: RTN) AIM-120 C-7 Advanced Medium Range Air-to-Air Missiles under a potential $170 million foreign military sales agreement. Raytheon’s missile systems business unit will serve as prime contractor of the proposed sale that covers 60 AMRAAMs and assoc...
TYSONS CORNER, VA, Nov. 15, 2017 ” Iridium Communications (Nasdaq: IRDM) CEO Matt Desch, an inductee into Executive Mosaic’s Wash100 for 2017, has joined the board of directors of the Northern Virginia Technology Council, GovCon Executive reported Nov. 8. The council said Nov. 7 Desch joins three other newly appointed board members, ...
TYSONS CORNER, VA, Nov. 15, 2017 ” Leidos (NYSE: LDOS) has secured a 100-percent rating in the Human Rights Campaign Foundation’s 2018 Corporate Equality Index report on workplace equality, diversity and inclusion, GovCon Executive reported Friday. The company said Thursday it also earned the designation as a “Best Pl...
TYSONS CORNER, VA, Nov. 15, 2017 ” CAE plans to open a flight training facility at the King Fahad International Airport in Saudi Arabia through a partnership with the Saudi National Company of Aviation, ExecutiveBiz reported Tuesday. The SNCA-funded CAE Authorized Training Center in Dammam will offer commercial pilot li...
TYSONS CORNER, VA, Nov. 15, 2017 ” Huntington Ingalls Industries‘ (NYSE: HII) board of directors has added former military intelligence officer Philip Bilden, who also helped establish private equity firm HarbourVest Partners, as a board member at the shipbuilding company, GovCon Executive reported Tuesday. HII said Monday Bilde...
TYSONS CORNER, VA, Nov. 15, 2017 ” Comprehensive Health Services Inc. has named Michael Fischer, formerly director of capture management at IAP Worldwide Services, as director of capture and proposals at CHSi, GovCon Executive reported Tuesday. The company said Tuesday the retired U.S. Navy captain and surface warfare office...
Michael Taxay and Jeremy Haas, respectively former FBI and CIA officials focused on cybersecurity, have joined the executive leadership team at LookingGlass Cyber Solutions. LookingGlass said Tuesday it named Taxay as chief risk officer and general counsel and appointed Haas as chief security officer. Taxay will be responsible fo...
The United Arab Emirates will purchase laser guided bombs from Raytheon (NYSE: RTN) under a $684.4 million deal, Reuters reported Tuesday. The agreement announced at the Dubai Airshow Tuesday includes Raytheon-built GBU-10 and GBU-12 Paveway bomb kits. The deal came days after UAE awarded Lockheed Martin (NYSE: LMT) a potential $1.6 billion order to...
