Home / Tag Archives: 3m

Tag Archives: 3m

3M to Host Charity Golf Tournament in April

3M (NYSE: MMM) will feature retired Swedish professional golfer Annika Sorenstam at its Charity Golf Tournament on Monday, April 20, at Army Navy Country Club in Arlington, Va. The company will hold the event in support of Patriot Point, a nonprofit organization that runs a 290-acre property in Maryland providing retreat and outdoor recreational opportunities for retired service members, their families and caregivers.

Read More »

Avon Rubber Completes Buy of 3M Ballistic Protection Unit

U.K.-based military technology provider Avon Rubber has completed its acquisition of 3M's (NYSE: MMM) ballistic protection business in an approximately $116M cash deal. The transaction includes an initial payment of $91M and a contingent consideration of up to $25M.

Read More »

Army Picks Three Firms for Potential $704M Hard Armor Plate Supply Contract

Three companies were awarded spots on a potential $704.2M contract to supply hard armor plates to the U.S. Army. Leading Technology Composites, 3M‘s (NYSE: MMM) Ceradyne subsidiary and TenCate Advanced Armor will compete for small arms and x-small arms protective insert orders, the Department of Defense said Wednesday. Army Contracting Command …

Read More »

Christian Marrone Elevates to CSRA SVP Post

Christian Marrone, a CSRA (NYSE: CSRA) vice president and chief of staff, has been promoted to a senior VP role at the Falls Church, Virginia-based technology services contractor, GovCon Wire has learned. In this capacity, Marrone is responsible for CSRA’s external relations function, strategy to strengthen relationships across the government and initiative to deliver thought leadership …

Read More »

Gemalto to Buy 3M’s Identity Mgmt Business for $850M in Biometrics Market Push

Digital security company Gemalto has agreed to purchase the identity management business of 3M (NYSE: MMM) for $850 million in a push to expand government programs technology offerings for the commercial biometrics market. Gemalto said Friday it expects the transaction to close in the first half of 2017 pending regulatory approvals …

Read More »

3M Subsidiary to Deliver 177K Body Armor Plates Under $93M DLA Contract

3M subsidiary Ceradyne will provide 177, 000 body armor plates to the U.S. armed forces under a $92.7 million contract from the Defense Logistics Agency. The Minnesota-headquartered company said Wednesday the lightweight “enhanced” small arms protective inserts are embedded into tactical vests in efforts to protect military personnel against small-arms fire. Cheryl Ingstad, 3M business manager …

Read More »

Army Orders Body Armor Inserts From 3M Subsidiary; Cheryl Ingstad Comments

Ceradyne, a subsidiary of 3M (NYSE: MMM), will continue to supply additional lightweight body armor inserts to the U.S. Army under a $34 million contract modification. The modification was awarded through the service branch’s Soldier Protection System Vital Torso Protection program and is intended for the low-rate initial production of 28, …

Read More »

July 23 Market Close: GovCon Index Follows Blue Chips to Close Down

The GovCon Index closed down for the third consecutive day losing 0.146 points to 75.915. Caterpillar (NYSE:CAT), 3M (NYSE :MMM), and American Express (NYSE:AXP) all turned in disappointing results dropping more than 2.5% on the day. A sluggish international market and strong U.S. dollar have impacted global operations for multinational companies. The Dow Jones …

Read More »

Bill Lochten Joins Software AG Govt Solutions As National VP

  Bill Lochten, former managing director of Information Builders‘ federal systems group, has joined a Software AG subsidiary as national vice president. In his new role at Software AG Government Solutions, he will oversee the enterprise software company’s sales to its U.S. federal government clients and business partners. While at …

Read More »