TYSONS CORNER, VA, March 1, 2017 ” Air Combat Command Chief Gen. Hawk Carlisle has said the Lockheed Martin-built (NYSE: LMT) F-35 fighter jet will be deployed within the next few years to support operations against the Islamic State militant group, Executive Gov reported Tuesday. Military.com reported Friday that Carlisle noted ...
Global investment firm Kohlberg Kravis Roberts & Co. (NYSE: KKR) has concluded its approximately $1.2 billion purchase of the defense electronics business of Airbus Group. France-based Airbus first announced the transaction in March 2016 as part of the company’s defense and space portfolio reorganization. Airbus said Tu...
New York City-based investment firm Veritas Capital has agreed to purchase the capital services business of energy technology and infrastructure provider CB&I (NYSE: CBI) for approximately $755 million. Veritas said Tuesday it expects to complete the acquisition in the second quarter of 2017 and will rename and run the b...
Lockheed Martin (NYSE: LMT) has received a $1.06 billion contract to sustain and provide recurring logistics support for F-35 aircraft of the U.S. Navy, Marine Corps, Air Force, non-Defense Department participants and foreign military sales customers. DoD said Tuesday that Lockheed will conduct sustainment efforts such as gr...
David Mihelcic, former chief technology officer of the Defense Information Systems Agency, has joined Juniper Networks (NYSE: JNPR) to support future technology roadmap and product development efforts at the company’s federal division. Juniper Networks said Tuesday the 30-year public sector veteran will also provide co...
The U.S. Air Force has selected 11 companies to compete for delivery orders to design, build or engineer facilities and infrastructure for the military branch under a potential five-year, $950 million contract. The 772nd Enterprise Sourcing Squadron received 13 offers for the indefinite-delivery/indefinite-quantity cont...
Technica has appointed Lisa Trombley, former director of U.S. Air Force information technology programs at Lockheed Martin (NYSE: LMT), as chief operating officer. She will oversee Technica’s government programs and talent development efforts in her new position, the company said Tuesday. Trombley held responsibility f...
A Navistar subsidiary has received a $440 million contract from the U.S. Army to reset and modernize MaxxPro mine-resistant ambush-protected vehicles for the United Arab Emirates through the Excess Defense Articles program. Navistar’s defense business will perform upgrade work on 1,085 MRAPs and deliver specified sets, kits...
Executive Mosaic’s GovCon Index and U.S. stocks fell Tuesday at their worst one-day declines over the past month as investors looked ahead to President Donald Trump’s speech before a joint session of Congress at 9:00 p.m. Eastern time for further clues on his economic agenda that has included promises of tax cuts, deregula...
TYSONS CORNER, VA, Feb. 28, 2017 ” Howard Steinman, a partner and public sector leader for the Americas at A.T. Kearney, has said a results-based contracting approach coupled with a share-in-savings arrangement will work to help government mitigate risks and meet program goals, ExecutiveBiz reported Thursday. He wrote in an opinion piece p...
