Orion International, a military talent acquisition services provider to corporate clients, has purchased recruitment company Novotus for an undisclosed amount. Orion CEO Mike Starich said in a statement released Tuesday he believes the transaction works to combine the companies’ capabilities. Cory Kruse will continue to lead Novotus as pr...
Engility (NYSE: EGL) will continue to provide classified systems engineering, intelligence analysis and program management services to the Defense Department under a five-year, $82 million contract. The company said Tuesday the sole-source renewal contract also includes records and data management support, financial and technical analysis ...
Denis Cashman, chief accounting officer at EMC (NYSE: EMC) and chief financial officer of the firm’s information infrastructure business, has been appointed corporate CFO at the company. Cashman, a 28-year finance veteran at EMC, will succeed the departing CFO Zane Rowe on March 1 and will oversee all financial operations for the company’...
TYSONS CORNER, VA, January 26, 2016 ” A division of L-3 Communications (NYSE: LLL) will work to update the digital control computer emulation of the Cernavoda nuclear power plant simulator under a contract with Romania’s Societatea Nationala Nuclearelectrica, ExecutiveBiz reported Monday. L-3 MAPPS will provide the upgraded soft...
TYSONS CORNER, VA, January 26, 2016 ” Sotera Defense Solutions will provide research and development support for the Defense Advanced Research Projects Agency‘s counter-insurgency operations program under an $11.4 million contract, ExecutiveBiz reported Monday. The Defense Department said Thursday the contract from the U.S. Army...
CACI International (NYSE: CACI) has received a four-year, $35 million task order to perform program management and technical analysis on the U.S. Fleet Forces Command™s computer infrastructure. The company will work to maintain computer models ship components and hardware under the contract, CACI said Tuesday. œWe will continue to support ...
Reston, Virginia-based contractor Leidos Holdings (NYSE: LDOS) has agreed to a merger with the government information technology and services businesses of Lockheed Martin (NYSE: LMT) under a $5 billion, tax-free Reverse Morris Trust transaction to create the government services industry’s largest publicly-traded contractor by revenu...
Lockheed Martin (NYSE: LMT) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported fourth quarter earnings per share of $3.01 and $11.46 for its fiscal year 2015 to exceed the consensus estimates of Wall Street analysts for both figures by 7 cents and 8 cents respectively. Fourth quarter earnings topped...
Rockwell Collins (NYSE: COL) has agreed to buy Christie Digital Systems™ Matrix series of projectors for an undisclosed sum in an effort to complement its training projectors and simulation offerings to aviation and military clients. The deal covers Christie™s Matrix SIM and Matrix StIM projectors and other software tools and is expec...
The GovCon Index retreated with a loss of 1.295 percent to 70.580 Monday in a move that puts the Index back into a correction, or 10 percent off its most recent high, for the second time this month. Monday’s plunge starts a week in which investors who follow defense and government contracting sectors await a ...
