November 4, 2019M&A Activity, NewsComments Off on PAE to Merge With Gores Holdings III; John Heller Quoted
PAE, a portfolio company of investment firm Platinum Equity, has agreed to merge with special purpose acquisition company Gores Holdings III (Nasdaq: GRSH) in a push to advance its strategic plan and growth efforts.
November 1, 2019Executive Moves, NewsComments Off on David Young Appointed CenturyLink Public Sector SVP
David Young, senior vice president for strategic government at CenturyLink (NYSE: CTL) and a 2019 Wash100 awardee, has been named SVP of the company’s newly established public sector group, GovCon Wire has learned.
October 30, 2019Contract Awards, NewsComments Off on Lockheed, Pentagon Strike $34B Deal for 478 F-35s
Lockheed Martin (NYSE: LMT) and the Department of Defense have finalized a $34B contract for the company to produce and deliver 478 F-35 Lightning II fighter jets for lots 12 through 14 in support of U.S. service branches, allies and foreign military sales clients.
October 29, 2019Financial Reports, NewsComments Off on McAleese & Associates: Northrop Posts $65B in Total Backlog for Q3 2019
A new McAleese & Associates report says Northrop Grumman (NYSE: NOC) saw its year-to-date backlog rise 22 percent to $65B in the third quarter of 2019 and posted $8.5B in Q3 sales, reflecting a 5 percent increase from the same period last year.
October 28, 2019Financial Reports, NewsComments Off on McAleese & Associates: Boeing’s Defense Segment Posted $7B in Q3 Sales
A new McAleese & Associates report says Boeing’s (NYSE: BA) defense, space and security business recorded $7B in sales during the second quarter of 2019, reflecting a 2 percent increase from the prior-year period.
October 24, 2019Financial Reports, NewsComments Off on McAleese & Associates: Lockheed Expects $35B F-35 Block Buy Award in Q4 2019
A report by consulting firm McAleese & Associates says Lockheed Martin (NYSE: LMT) expects a potential $35B block buy contract to be awarded in the fourth quarter of 2019 for lots 12 through 14 of the F-35 fighter jet.