Private equity firm AE Industrial Partners has agreed to purchase a controlling stake in small satellite builder York Space Systems for an undisclosed sum. York Founder and CEO Dick Wallinger will continue to oversee the company and Chairman Charles “Chuck” Beames will continue to sit on the board, AEI said Tuesday. Wallinger and Beames ...
Robert Lightfoot, executive vice president of Lockheed Martin Space, accepted his 2022 Wash100 Award, the most significant award of consequence in all of government contracting (GovCon), last Wednesday for his leadership and drive for innovation in space technology, including the advancement of space exploration and expanding Lockheed...
L3Harris Technologies (NYSE: LHX) has agreed to purchase Link 16, the tactical data link product line owned by Viasat (Nasdaq: VSAT), in a deal worth approximately $1.96 billion. The definitive agreement is still subject to customary transaction adjustments and may be finalized in the first half of 2023, the companies said Monday. Link 16 is...
ManTech Chief Operating Officer Matt Tait has been appointed to succeed Kevin Phillips as president and CEO, nearly three weeks after Carlyle completed its acquisition of the Herndon, Virginia-based contractor. Kevin Phillips, Chairman of ManTech Phillips, a six-time Wash100 Award recipient, will lead ManTech’s post-acquisition board of direct...
Baird will host its fifth annual Government & Defense Conference on Thursday, Nov. 17, to bring together members of the government contracting (GovCon) community for an in-person and virtual conference that will include discussions of key industry trends and market outlooks from elite leaders across our industry and the federal landscape. B...
President Joe Biden approved a stopgap bill Friday to keep U.S. government operations funded at the existing level through Dec. 16 and head off a federal shutdown before the midnight deadline, The Wall Street Journal reported. The Senate voted 72-25 Thursday afternoon to pass the continuing resolution, followed by the House’s passage of the legisl...
The Washington Headquarters Services plans to issue $420 million in modifications under a previously awarded $496 million small business set-aside contracting vehicle for support services to the Pentagon’s Office of the Under Secretary of Defense for Research and Engineering. American Systems, Applied Research and Associates and Modern Technol...
The Department of Energy has awarded a Fluor-led (NYSE: FLR) team a potential $12 billion contract to continue operating and managing the Savannah River Site in South Carolina for the next five years. Savannah River Nuclear Solutions will extend its environmental management and waste cleanup operations at the nuclear reservation facility through Sep...
Lockheed Martin (NYSE: LMT) has secured a $273 million contract modification to support the production of guided air and missile defense systems for the U.S. Army and foreign military sales customers. The defense contractor will provide hardware, equipment and facilities, as well as technical, planning, management, manufacturing and testing services...
Seven companies have won spots on a potential eight-year, $1 billion contract managed by Naval Facilities Engineering Systems Command to build, fix or renovate government-owned medical treatment facilities across seven U.S. states. Projects will include hospitals, dental and medical clinics, ambulatory care centers and research laboratories, th...
