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Tag Archives: Civil

Gerry Fasano Named Leidos Defense Group President; Roger Krone Quoted

Gerry Fasano, an executive vice president and chief of business development and strategy at Leidos (NYSE: LDOS), has been named president of the company’s defense group in a move that takes effect Oct. 1, Inside Defense reported Wednesday. An internal memo obtained by the publication says the appointment is part …

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Leidos Views Doubled Scale in Lockheed IS&GS Merger as Buffer to Agency Spending Shifts

Leidos Holdings‘ (NYSE: LDOS) impending merger with the information systems and global solutions segment of Lockheed Martin (NYSE: LMT) seeks to both diversify customer mix and lower risk to potential spending downturns in fewer market areas for the future combined company, Leidos CEO Roger Krone told investors at the New York Stock Exchange Monday. Reston, Virginia-based Leidos expects 2017 …

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Exelis Reports 5% Revenue Bump for 1Q, Profit Up 13%

Exelis (NYSE: XLS) has announced financial results for the first quarter of its 2015 fiscal year ended March 31, 2015. The McLean, Va.-based defense technology contractor said revenue increased 4.94 percent year-over-year to $785 million and profit rose 13.46 percent from the prior year period to $59 million. Revenue for …

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CAE Reports 11% Rise in Both 3Q Revenue, Profit

CAE (NYSE: CAE) has announced financial results for the third quarter of its 2015 fiscal year ended Dec. 31, 2014. The Montreal-based aerospace and defense contractor said total revenue for the quarter grew 10.9 percent from the prior year period to $489.8 million and profit rose 11.1 percent year-over-year to $46.3 …

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Marc Parent: Civil, Healthcare Segments Help Drive CAE Revenue Up 10% for 2Q 2015

CAE has announced financial results for the second quarter of the company’s 2015 fiscal year ended Sept. 30, 2014. Based on U.S. currency figures, revenue for the Montreal-based aerospace and defense technology company rose 10.7 percent from the prior year quarter to $468.4 million and profit increased 12.1 percent to $38 million for …

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Air Force Picks 6 Firms for $950M Military Construction IDIQ

Six companies have won positions on a potential seven-year, $950 million U.S. Air Force contract for architect-engineering services to support military construction, family housing projects and programs for sustainment, restoration and modernization. The Air Force received 82 offers for the contract, which the Navy awarded through a selection process under the …

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Northrop Names 27-Year Raytheon Vet Mary Petryszyn Intl Aerospace VP; Tom Vice Comments

Northrop Grumman (NYSE: NOC) has appointed 27-year Raytheon (NYSE: RTN) veteran Mary Petryszyn vice president of international business in the aerospace systems sector. She brings to Northrop defense industry experience in programs such as chemical, biological and radiation detection, maritime surveillance and decision support systems, Northrop said Friday. Petryszyn will …

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Booz Allen EVP, Civilian Lead Jimmy Henry to Retire

Booz Allen Hamilton Executive Vice President Jimmy Henry has informed the company he intends to retire as of April 1, the Washington Business Journal reports. Citing a Securities and Exchange Commission filing, Jill Aitoro writes Henry provided notice of his retirement last week. The 26-year company veteran serves as civil market …

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GE Buying UK Private Equity Firm’s Aviation Segment for $4.3B; David Joyce Comments

General Electric (NYSE: GE) has agreed to acquire the aviation business of Avio S.p.A., an Italy-based maker of aviation propulsion components and systems for civil and military aircraft, for $4.3 billion. Bloomberg reports GE is making the acquisition in an attempt to gain more control over its supply chain as …

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TASC Promotes Bruce Phillips, Rick Wagner, Tom Kilcline; John Hynes Comments

TASC has promoted two executives to the senior vice president ranks and a retired Navy vice admiral to lead the company’s defense business unit, effective immediately. Bruce Phillips, formerly vice president of the infrastructure protection and security business unit, will serve as senior VP of the civil and infrastructure security group …

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