Home / Tag Archives: Acquisition

Tag Archives: Acquisition

Kingswood Closes Versar Acquisition, Names New CEO for Project Mgmt Firm

Versar has gone private after the close of its acquisition by an affiliate of investment firm Kingswood Capital Management via a tender offer of $0.15 per outstanding share and a second-step merger. The formerly publicly traded project management company said Tuesday the new capital structure serves to build on its long-term strategic goals. …

Read More »

SSL’s Rob Zitz: Maxar Turns to ‘Persistent’ ISR With Eye Toward US Gov’t Customers

TYSONS CORNER, VA, Nov. 1, 2017 — Rob Zitz, chief strategy officer of Space Systems Loral‘s government systems unit, has said the new company that resulted from MacDonald, Dettwiler and Associates‘ acquisition of DigitalGlobe will leverage intelligence, surveillance and reconnaissance offerings in its push toward the U.S. government market, ExecutiveBiz reported Thursday. Via …

Read More »

NTT Data Lands $82M Contract Extension for Navy Submarine Lifecycle Mgmt Support; Tim Conway Comments

An NTT Data division has received a potential two-year, $82 million contract extension from the U.S. Navy to continue to provide lifecycle management and acquisition support for the service branch’s submarine fleet. The Naval Sea Systems Command awarded the extension to NTT Data Services as an option to the previously awarded …

Read More »

Report: India OKs $655M Boeing Apache Helicopter Buy

India has approved a deal to buy six additional Boeing-built (NYSE: BA) Apache helicopters for approximately $654.6 million, Reuters reported Thursday. India’s defense acquisition council on Thursday cleared the deal that also covers related equipment, spares, weapons, ammunition and training support. The decision came nearly two years after the country’s cabinet gave …

Read More »

Paragon TEC Awarded $76M NASA Acquisition, Business Support IDIQ

Paragon TEC has received a potential five-year, $75.8 million contract for business and acquisition support services to NASA‘s Marshall Space Flight Center and Michoud Assembly Facility. NASA said Saturday the company will support acquisition policy, accounting, budget integration and analysis, business best practices, procurement operations and paralegal functions at the two agency …

Read More »

CGI Plans More Acquisitions to Push Business Expansion; George Schindler Comments

TYSONS CORNER, VA, Aug. 4, 2017 — CGI (NYSE: GIB) CEO George Schindler has said the company is looking into additional acquisitions to further drive its business expansion efforts following several deals over the past year, ExecutiveBiz reported Thursday. CRN reported Wednesday that the company has more than 700 acquisition targets in its …

Read More »

Engility’s Wayne Rehberger Looks Back at TASC Acquisition

TYSONS CORNER, VA, Aug. 3, 2017 — Wayne Rehberger, chief financial officer of Engility (NYSE: EGL), has said the company’s acquisition of TASC in 2014 helped balance its strategic portfolio through the integration of the latter’s intelligence business, ExecutiveBiz reported Monday. Virginia Business reported Friday Rehberger played a role in integrating the companies …

Read More »

Marines Plan to Buy 13 Additional F-35s

The Marines plan to add 13 F-35s to their program, bringing the total to 2,456 jets, according to the latest figures included in the 2017 annual Selected Acquisition Report. The program’s acquisition costs rose to $406.5 billion from $379 billion, below SAR estimates, according to the report. Some of the …

Read More »

Engility Names Former Army Acquisition Chief to Board of Directors; Lynn Dugle Comments

TYSONS CORNER, VA, July 10, 2017 — Engility (NYSE: EGL) has added Katrina McFarland, former assistant secretary for acquisition, logistics and technology at the U.S. Army, to the company’s board of directors, GovCon Executive reported Friday. McFarland brings in experience from her work at the Defense Department, where she has also served …

Read More »

DSA Buys Project Performance Company, Adds Paul Strasser to Leadership Team

TYSONS CORNER, VA, July 7, 2017 — Data Systems Analysts has closed its acquisition of information technology firm Project Performance Company in efforts to deliver mission-critical solutions to the government IT sector, ExecutiveBiz reported Thursday. Paul Strasser, president and CEO of PPC, has joined the DSA leadership team upon the close of the agreement. …

Read More »