Tag Archives: Consolidation

ST Engineering has dissolved its VT Systems International subsidiary and consolidated business operations in the U.S.

The planned merger between Raytheon (NYSE: RTN) and United Technologies Corp. (NYSE: UTX) comes as the aerospace-and-defense sector anticipates slower growth in the Department of Defense’s spending and as DoD sets its sights on hypersonic missiles, space systems and other new priorities, The Wall Street Journal reported Wednesday.

The U.S. Army Contracting Command selected the Unisys Corporation as one of 50 large companies to compete for task orders under a potential nine-year, $12.1 billion contract to provide IT services to all Army organizations, Unisys announced Thursday. Under the contract, Unisys will compete for task orders for services including …

TYSONS CORNER, VA, February 12, 2019 — Science Applications International Corp. (NYSE: SAIC) looks to consolidate its 31 offices across the Washington, D.C., area following its acquisition of Engility in an effort to optimize the integrated company’s operations and infrastructure, ExecutiveBiz reported Wednesday. Bisnow reported Feb. 4 that the effort …

Kathy Warden, president and chief operating officer of Northrop Grumman (NYSE: NOC), has said the company will begin in 2019 to consolidate into a single unit its system modernization and advanced defense services areas that operate under its technology services business. Warden, a three-time Wash100 recipient, told analysts Wednesday during the company’s earnings …

Jason Aiken, CFO of General Dynamics (NYSE: GD), has said the acquisition of CSRA (NYSE: CSRA) will help the Falls Church, Virginia-based aerospace and defense contractor compete in the government IT services market, Inside Defense reported Wednesday. “In a consolidating market, our thesis is that you either have to consolidate or get consolidated …

Boeing (NYSE: BA) has expanded the responsibilities of Greg Smith, chief financial officer and executive vice president of corporate development and strategy, to include leadership over business performance, innovation and corporate functional excellence. Smith will have the dual role of CFO and EVP for enterprise performance and strategy beginning July 1 …

TYSONS CORNER, VA, June 6, 2017 — Cubic‘s (NYSE: CUB) mission solutions organization is working to expand its GATR Technologies satellite communications business with the construction of a 63,000-square-foot facility in Huntsville, Alabama, ExecutiveBiz reported Thursday. The company said Thursday the future facility serves to consolidate GATR’s production, operations, engineering, business …

Science Applications International Corp.’s (NYSE: SAIC) chief executive told investors Thursday he expects consolidation among government services contractors to continue as companies continue to pursue portfolio reshaping initiatives. SAIC itself was a player in the GovCon services consolidation wave through the $790 million acquisition of Scitor announced in March 2015 nearly five months …

The year 2015 for government contractors was one that featured major landscape shifts in its composition unlike any other since the post-Cold War drawdown in the 1990s that resulted in consolidation among the defense market’s largest companies. GovCon’s services arena took its turn to drive the consolidation narrative in 2016 …