Mary McDowell, an executive partner at Siris Capital Group, will join gobal communications services provider Polycom (Nasdaq: PLCM) as CEO once the latter company completes its merger with a Siris Capital affiliate. Polycom said Wednesday McDowell will succeed Peter Leav, who will continue to serve as CEO and board member until the completion of the...
Lockheed Martin (NYSE: LMT) has received a potential seven-year, $395 million contract to provide support services to a Department of Homeland Security-managed facility that monitors cyber threats across DHS information systems. Lockheed will help DHS run its Security Operations Center under the indefinite-delivery/indefinite-quantity...
Huntington Ingalls Industries (NYSE: HII) has received a two-year, $109.9 million contract modification to design and engineer nuclear submarines for the U.S. Navy. The company will also work to manage configurations and database, support logistics, perform research and development and provide special mission submersible interfaces under t...
SNC Manufacturing has been awarded a $102.2 million contract modification by the Defense Logistics Agency to supply combat uniform coats to the U.S. Army and Afghanistan. The Defense Department said Wednesday the modification exercises the fourth option in a previously awarded indefinite-delivery/indefinite-quantity&nbs...
Dell and EMC have completed their $67 billion cash-and-stock merger to form enterprise information technology company Dell Technologies (NYSE: DVMT) that is forecast to generate $74 billion in annual revenue. Dell Technologies will run as a privately controlled IT firm and offer clients a portfolio of technology platforms in the areas...
Santa Clara, California-based computing chip maker Intel (Nasdaq: INTC) will spin off the company’s security business into a new joint venture with investment firm TPG through an estimated $4.2 billion multi-step transaction. Intel said Wednesday it will own 49 percent of the JV to be called “McAfeeR...
Executive Mosaic’s GovCon Index closed down with mix results across trading markets. Crude oil climbed to a one week high in hopes the oil producing countries can reach an agreement to limit production. The government contracting community showed little movement with prices trading in a very tight band. Market Summary Index Value Net Chan...
TYSONS CORNER, VA, Sept. 7, 2016 ” BAE Systems will form a team with Raytheon (NYSE: RTN), Daronmont Technologies and RCR Resolve FM to compete for a potential $765 million contract to modernize the radar network that supports the Australian army’s aerial and maritime surveillance efforts, ExecutiveBiz said Tues...
TYSONS CORNER, VA, Sept. 7, 2016 ” Battelle has received a $55 million contract from the Environmental Protection Agency to develop and test technologies and processes that work to prevent pollution and help restore ecosystems, ExecutiveBiz reported Tuesday. The nonprofit company said Aug. 31 the follow-on contract covers te...
TYSONS CORNER, VA, Sept. 7, 2016 ” Boeing (NYSE: BA) will work with NASA to test a new insulation system that will be used to protect the Space Launch System during its Mars exploration missions, Executive Gov reported Tuesday. The space agency said Saturday the qualification tests will focus on three types of...
