Huntington Ingalls Industries (NYSE: HII) believes its pending $380 million acquisition of Camber Corp. gives the military shipbuilder increased opportunities through prime contract vehicle positions in government services for work previously only available as a subcontractor, HII CEO Mike Petters told investors Thursday. Camber posted&nbs...
GovCon Index-listed companies Leidos Holdings (NYSE: LDOS) and Huntington Ingalls Industries (NYSE: HII) released third quarter financial results before markets opened Thursday with both contractors at different stages in major merger-and-acquisition activity. Leidos, the U.S.’ largest government services provider, raised f...
S&K Aerospace has won a potential 15-year, $4.2 billion contract from the U.S. Air Force to provide logistics, maintenance and technical support services for 107 foreign military sales customers under the Parts and Repair Ordering System V program. The Air Force Life Cycle Management Center received four proposals for the indefinite-de...
Orbital ATK (NYSE: ATK) has lowered its forecast of losses on a U.S. Army ammunition production contract to $350 million from the initial $450 million outlook as the aerospace and defense company carries out an accounting review. Dulles, Virginia-based Orbital ATK said in a Tuesday Securities and Exchange Commission filing the company will revi...
Defense technology manufacturer Mercury Systems (Nasdaq: MRCY) has agreed to purchase Switzerland-based military and aerospace computing company CES Creative Electronic Systems for $38 million to add new avionics and platform management products. Chelmsford, Mass.-based Mercury said Thursday it expects to close the...
Jacobs Engineering Group (NYSE: JEC) has received a potential 10-month, $246.5 million contract modification to continue to provide engineering, science and technical support for NASA™s Marshall Space Flight Center in Alabama. The modification seeks to exercise an option in the Engineering and Science Services and Skills Augmentation ...
ManTech International (Nasdaq: MANT) said Thursday it has promoted Kevin Phillips to the role of president and chief operating officer after 11 years as chief financial officer, during which the company’s revenue has climbed roughly 58 percent to $1.55 billion as of 2015. Phillips will be responsible for general management and control of opera...
A subsidiary of Japan-based conglomerate Nippon Telegraph & Telephone (NYSE: NTT) has wrapped up its acquisition of Dell™s services business for $3.05 billion in a strategy to expand the former™s consulting and information technology services. NTT Data CEO John McCain will oversee the newly acquired firm that will operat...
The Defense Department has finalized a “unilateral contract” worth more than $6.1 billion to fund Lockheed Martin‘s (NYSE: LMT) low-rate initial production of 57 lot 9 F-35 fighter jets, Reuters reported Wednesday. Mike Stone writes the deal covers 42 F-35As for the U.S. Air Force, Japan, Israel a...
Military shipbuilder Huntington Ingalls Industries (NYSE: HII) has agreed to acquire government services contractor Camber Corp. for $380 million in a move to diversify revenue and add new information technology work with U.S. defense, intelligence and civilian agencies. Huntington Ingalls’ move for Camber comes in a year where other ...
